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Home > Author Archives: Steve Rhode (page 684)

Author Archives: Steve Rhode

After the New Truck and Dental Bills, We Can’t Afford Our Home. – Cassie

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Cassie “Dear Steve, My fiance and I bought a house about a year and a half ago. When we purchased our home we were making more than enough money to pay ALL our bills. Since then, my fiance bought a truck and needed major dental work done… And on top of that, we have aquired about $6,000 worth of credit ... Read More »

    I Fell Behind and Can’t Get Caught Up. – Paula

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    “Dear Steve, I can’t meet my monthly payments. I lost my job after 23 years, but have found another one and am currently working, but fell behind and cannot seem to catch up! My credit isn’t good because of late payments. I do have decent income, but fell behind and am drowning just trying to get caught up. Paula” The ... Read More »

      We Are Using Money From Our IRA to Pay Our Bills. – Sandy

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      “Dear Steve, This is going to sound like we are are sleeze bags. Wife and I age 60. We owe $170K on credit cards and $295K on house that is worth at best $250K. We have about $110K in it. House was huge mistake… We have just under $500K in our IRA’s and zero in personal assets, other than Honda ... Read More »

        Apparently Being Dead and Cold Is Not Enough to Stop Debt Collectors

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        WASHINGTON – A senior senator is asking the Federal Trade Commission to investigate reported instances of debt collection firms asking people to pay their dead relatives’ credit card bills or other debts. Sen. Charles Schumer, D-N.Y., a member of the Senate Banking Committee, met Tuesday with the new chairman of the FTC, Jon Leibowitz, and requested that the agency look ... Read More »

          I Have Too Much Debt And I’m Going Back to School. – Ken

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          “Dear Steve, Hello i have to much debt i am going back to school and need some relief i want to pay what i owe but i can’t make the payments Is there a way to consolodate all my debt and lower my interest rate and how will this ffect my credit Ken” The Answer   Dear Ken, No, there ... Read More »

            We’ve Gone From No Debt to Desperate. – Rachel

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            “Dear Steve, Three years ago we had no debt except a house payment. We chose to move closer to family and took a 2/3s pay cut to do it. My husband works in sales and we expected that the money we come, so although we are smart people we continued to spend like we had the money. Now we are ... Read More »

              In the Netherlands, Banks Bid For Your Business

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              Instead of researching which bank offers the highest interest rate, Dutch consumers can now put their money up for auction, getting banks to bid on their savings. After registering with new online facilitator Spaarbod, consumers state how much money they’d like to put aside, for how long and on which terms. The website automatically calculates the best rates that are ... Read More »

                I Want You to Meet Who You Helped Today – Marife Gomez


                It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the site so we can help more people. ... Read More »

                  Don’t Pay More Than the Minimums on Your Credit Cards

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                  I know this is going to sound like crazy talk but keep reading. Now is not the time to pay more than the minimum payment on your credit card if you don’t have a lot of money in savings. If you thought the foreclosure crisis was bad, just watch what is going to happen to credit cards. With twenty thousand ... Read More »

                    A Brilliant Article You Need to Read on Misguided Credit Card Lending

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                    I just read an amazing article that everyone should read about the future and present of credit cards. If you have an interest in consumer debt issues you need to read “Credit Cards Are the Next Credit Crunch” While it is all brilliant, I think the following section is the most important. There are several factors that are playing into ... Read More »

                      Can the Debt Collector Really Do That Under the FDCPA? – Jason

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                      “Dear Steve, Unemployed, increasing debt, previous attempts to settle and/or maintain debt payback inconsistant, delayed and past due payments. 1. Can a debt collector call outside of the hours 8am-9pm the debtor’s location and time? Are there any day restrictions (i.e. Sunday, holidays) 2. Is is legal for a debt collector to call a third party (who is an unrelated ... Read More »

                        I Owe $200,000 on Credit Cards. – Richard

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                        “Dear Steve, I’m currently way over extended with credit card debt, to the tune of $200,000. Can credit card collectors (amex, discover, visa) attach wages? Is my 401K account safe? Can they attach my checking account? Can credit card collectors (amex, discover, visa) attach wages? Is my 401K account safe? Can they attach my checking account? Richard” The Answer   ... Read More »

                          I’m Not Sure Where to Begin to Get Out of Debt? – Sharon

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                          “Dear Steve, MY CREDIT REPORT DEBT = >40,000 DOLLARS I’M NOT SURE WHERE TO BEGIN TO PAY THIS DEBT OFF. I’M NOT SURE IF I’M READING MY CREDIT REPORT CORRECTLY. I’VE PAIDED OVER 1400.00 DOLLARS TO CREDIT SOLUTIONS BEFORE I REALLIZED I WAS WASTING MY MONEY. Sharon” The Answer   Dear Sharon, Identifying who you owe is a relatively easy ... Read More »

                            Debt is Dragging Even Me Down, Mentally.

                            Right now it is a beautiful North Carolina day with the sun shinning over a blue sky, birds singing and a gentle breeze is blowing. In some respects it is a tremendous day worth living. But I’ve got to be honest, I’m trying to get in the mood to dive into the never ending requests for help that are sent ... Read More »

                              Make Sure You Type the Full Domain Name When Looking for

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                              I had to share this with you. It made me laugh and these days I’ll take all the laughs I can get. Apparently I accidently typed in GetOutOf in the google search box as I was absentmindedly looking at the site. If you do that, the number one search result is How To Get Out Of A Car Without Showing ... Read More »

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