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Home > Author Archives: Steve Rhode (page 682)

Author Archives: Steve Rhode

I Want My Creditors to Forgive Part of My Debt and Give Me Payments That Are Doable. – Kathy

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“Hi Steve! I lost my job for the second time this past October (economy) and I have both a mortgage and significant credit card debt. I do not want to file for bankruptcy, but I can’t handle these payments, too high. How do I get some of the credit cards to forgive some of the debt and give me payments ... Read More »

    We Were Forced to Close Our S Corp Business. – Jean

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    Jean “Dear Steve, Greetings,and thank you for your time and efforts…My husband and my self were forced to close our business of twelve years,OCT 2008 we are sole owners and a S Corp. Two years previous we noticed a significant decline in the economic spending habits, this decline forced us to use all our equity line of credit in our ... Read More »

      How Do I Negotiate With Credit Card Companies to Lower My Balance and Stop Charging Me Interest? – Mark

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      “Dear Steve, I’m $20,000 in debt, trying to modify home loan, income shrinking, savings gone How do I negotiate with credit card companies to lower balance, stop charging interest? Mark” The Answer   Dear Mark, The first step is to call your credit card companies and see what they will offer you. If that gets you nowhere then I suggest ... Read More »

        My Family and I Have Always Lived a Modest Lifestyle But We Are Dying From Medical Debt. – Paul

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        “Dear Steve, My family and I have always lived a modest lifestyle. We built a modest home and only owe $75,000. We wait until a car is paid for before we ever think of buying something new. I can’t say that we have fallen into the norm of using credit cards to buy things we don’t have cash to purchase. ... Read More »

          Debit Cards Less Safe Than Credit Cards & Please Use Your Credit Card Online

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          Over the years I have been droning on and on about the differences between a debit card and a credit card regarding safety and why people need to be more afraid of using their card in a restaurant than online. Where does the waiter go with your card when you hand it to them? Debit cards and credit cards are ... Read More »

            Recently Divorced Mother of Three Has Credit Card, Medical and School Debt. – Gail

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            “Dear Steve, Recently divorced mother of 3. I still have a great deal of credit card, medical and school debt. I am only working part time and would really like to begin making some type of payments to my creditors no matter how small until my emploument situation emproves. Should I contact each of my creditors and how do I ... Read More »

              My Credit Score is Low. How Do I Fix It? – Brook

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              “Dear Steve, The collections on my credit score are very high and I am overwhelmed how to fix it. However I don’t want to get scammed by a credit repair services but I really need some help! Where do I turn for help? Brook” Read More »

                We Had to Charge Some of Our Daily Expenses to Get By. – Tracey

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                “Dear Steve, My husband and I have over $65,000 in credit card debt. We have to charge some monthly payments, such as insurance, and all of our daily expenses so that we can pay all of our bills on time. This, of course, just makes the credit card bills continue to go up. Bankruptcy is not an option because I ... Read More »

                  Retired With Debt on Social Security. What Should I Do? – Kent

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                  “Dear Steve, Retired one year ago.Have $37,000 in credit card debt.Payments total $1,200 and my SS is $20,000. I am not behind but struggle to make payments. Several cards have uped my rate to 30.0% only do to my debt to income ratio.Again, not behind but getting nowwhere with cards increasing rates. Considered Banko or walking away. Could you help. ... Read More »

                    I Have Bad Credit From a Bad Relationship. – Meranda

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                    “Dear Steve, I have bad credit because I got in a relationship very young and have credit cards maxed and a few things in collection. Now I have 2 children and am not working I am on maternity leave and really want to get out of a bad relationship. I have looked at renting at another location but found out ... Read More »

                      I’m in My Second Year of Law School and Want to Drop Out. But What About My Loans? – Brad

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                      “Hi Steve – I’m currently in my second year of law school and am really thinking about getting out. I’m worried about the roughly $100k in student loans I’ll have to start paying back though, not to mention living expenses and almost $9k in credit card debt I accrued as an undergrad. If I do drop out, I’ve considered going ... Read More »

                        I Did Not Realize That the Interest Racks Up on a Credit Card Bill. – Susan

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                        “Dear Steve, I did not realize that the interest racks up a credit card biil like it does. One late payment (about 1 hour late) has made my interest go up to astronomical proportions. I haven’t used my card in over a year. I pay regular payments, my bill goes even highr with each payment. I have probably charges about ... Read More »

                          100% Credit Card Interest Rates Charged in Mexico

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                          Just when you thought the banks in the United States were really sticking it to consumers, least we forget what is happening in Mexico. I previously wrote about Wal-Mart de Mexico Plans 100,000 Credit Cards by Year-End — With Interest Rates of 59% to 75% Well apparently Mexico is now starting to draw some lines about the amount of interest ... Read More »

                            Can I Legally Do Anything to Eliminate Some of My Crushing Student Loan Balance? – Mark

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                            “Dear Steve, I borrowed around fifteen thousand dollars at eight percent in federal student loans to help pay for college. Four thousand was unsubsidized. That was many years back. I have been working as a substitute teacher, but only earn barely enough to survive. Sometimes I don’t even get calls to work. I have state unemployment insurance that helps me ... Read More »

                              I’m in India and Drowning in Debt and Looking for Debt Consolidation. – Rao

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                              Rao “Dear Steve, I live in India. I am working in a good limited company. My monthly income is Rs.15000/- permonth. I have 6 Credit cards total dues around Rs.2 Lakhs and Bank Loans of Rs.2 Lakhs (Principal). I some how managed to pay all the monthly payments without default till March 09. From next month I am not in ... Read More »

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