Latest Posts
Home > Author Archives: Steve Rhode (page 681)

Author Archives: Steve Rhode

The Emotional Toll of Financial Problems

Ready to Collapse

A nice article from Fort-Myers, Florida, that has been especially hard hit by the economic problems facing us, highlights the emotional toll that bankruptcy can take on people. As the article points out, those that are facing financial problems today are facing failure for the first time in their adult life. Dealing with the feelings of failure can lead to ... Read More »

    Most Debt Advice Suggested is Snake Oil or the Wrong Solution For People In Trouble. Here’s Why.

    Ready to Collapse

    I’ve been following the conversations on Twitter (@GetOutOfDebtGuy) and watching what others are saying about debt management, credit counseling, debt settlement and bankruptcy and it really has me worried and concerned. I’m a guy that lived through financial problems myself and went bankrupt in 1990. I then went on to found and run a non-profit credit counseling company, Debt Counselors ... Read More »

      My Dad Took Out Cash Advances on My Credit Card And Took All of My Savings. – Heather

      Ready to Collapse

      Heather “Dear Steve, I am a recent MBA grad who got into a lot of debt before and during school because I needed to help out my family. Due to my dad taking out cash advances on my credit cards and then my having to live off my credit cards during school because I had also given him all of ... Read More »

        Loan Modifications. More PR Than ER. 57% of Monthly Payments in Modified Loans Are the Same or Higher.

        Ready to Collapse

        According to a recent study of loans that were modified by lenders, only 29% of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent. Now this is a good news, bad news story. The good news is that some loans did receive some needed modifications. The bad news is that for ... Read More »

          I’m Suing My Brother and Sister For Taking My Money. – Richard

          Ready to Collapse

          “Dear Steve, Here’s were I’m at I got about 25 days left before I move and I got a civil suit agnist my brother and sister for taking my dads will having the will changed and stealing the money. I’m self employed but don’t have enough to do what I gotta do can you help me? Were can i get ... Read More »

            How Can I Get Out of Debt? – Chris

            Ready to Collapse

            “Dear Steve, I have about $2,000 in medical debt and about $1500 in other debts , wondering how i can get out? Chris” Read More »

              I Just Got Served For a Credit Card Debt. – George

              Ready to Collapse

              “Dear Steve, I just got served for a credit card debt. What can I do after I got served for credit card debt? George” Read More »

                My Part Time Computer Repair Business is Going Down the Tubes. – Eric

                Ready to Collapse

                “Dear Steve, Part time business of computer repair / consultation. I work full time for a fortune 500 company. The part time business was formed as a LLC, can the LLC file chapter 7 or 11 and leave the personal stuff alone? Eric”   Dear Eric, It depends. The most important issue is going to be if you personally guaranteed ... Read More »

                  Circuit City May Be Dead, But Not The Circuit City Credit Card. It’s Alive.

                  Ready to Collapse

                  This news about Best Buy and Circuit City was recently reported. Best Buy Co. Inc. is making a move to woo people who had credit cards through its now-defunct competitor — Circuit City, according to media reports. Best Buy spokeswoman Sue Busch told Bloomberg News that Chase Bank USA will automatically issue Best Buy cards to existing Circuit City credit-card ... Read More »

                    Save Money Shopping. Don’t Touch Stuff.

                    Ready to Collapse

                    Really smart brilliant people design retail chain stores knowing the hidden tricks that will lead you to spend money when you don’t want to. For some people it is the subtle chocolate chip cookie smell pumped into women dressing rooms that spokes sales or just laying out merchandise so you can easily touch it. Here is story all about the ... Read More »

                      Debt Collectors Agree to Not Chase Debtors for 30 Days

                      Ready to Collapse

                      Collections agencies in the UK have agreed not to chase debts for 30 days when debtors seek advice from accredited debt management companies. The 30 day breathing space, agreed between the Department of Business, Enterprise and Regulatory Reform (BERR) and the Credit Services Association (CSA), will start once an accredited debt management company has been appointed to help a debtor. ... Read More »

                        Sensible Christian Advice Video to Get Out of Debt

                        Ready to Collapse

                        I’ve written in the past about my issues with those outfits that promote themselves as Christian credit counselors. Read “Is Most Christian Debt Advice Bogus? Here’s What Jesus Would Really Do.” But for those that are interested in a good perspective on sensible debt advice based on the bible and scripture, I suggest that you watch the video below from ... Read More »

                          Watt Did You Say? Going Green and Gaining Green.

                          backyard_botanical_main

                          In what has become almost an obsession with me I’ve been running around changing all the light bulbs in my house to reduce the electric bill. Currently we use 2800 kilowatt hours (kWh) of electricity each month and I really want to get that number down to save cost, but also because I’ve been glued to the television show “Living ... Read More »

                            Chapter 11 Bankruptcy Irony – TVI Corp

                            tvicorp

                            In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection. It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial disaster. In an effort to ... Read More »

                              We Owe $191,000 in Student Loans And I Need to Go Back to School. – Rob

                              Ready to Collapse

                              “Dear Steve, Myself and my wife are both out of college. I went to a private university, big mistake as my mother tried to tell me, and now between the two of us we are about $191,000 in debt to student loans. Thanks to my grandmother, when she passed away she left me enough to pay off any credit card ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.