Home > Author Archives: Steve Rhode (page 684)

Author Archives: Steve Rhode

2009 NFCC State of the Credit Counseling and Financial Education Sector Address

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Below you will find the presentation given by Susan Keating of NFCC regarding the state of credit counseling in the United States. I was pleasantly pleased to find the NFCC talking about possibly leaving the door open to pursue offering debt settlement in the future, efforts to regulate the debt settlement industry, and an admission that the Call to Action ... Read More »

    What Do You Think About Us Selling Our House And Paying Off Part of Our Credit Cards? – Susan

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    “Dear Steve, My husband is 51 and I am 59. My goal is to retire at 62. We have a 1st & 2nd Morgage. Also, over 100,000 in credit card debt. We are living week to week to make all payments. We have an offer on our house. The offer would pay off the mortgages and about $45,000 of our ... Read More »

      Glenn Beck says Bankruptcy is Good! Rush Limbaugh Has Already Been Bankrupt Once.

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      Call me what you want, but I’m not a big watcher of FOX News. Other extended members of my friends and family worship Fox News, Glenn Beck and Rush Limbaugh. They would be described as members of the moral majority, the Christian conservative branch of the family. But yesterday I was on my motorcycle, riding down the road and I ... Read More »

        I Settled My Debt But Bank of America Says I Still Owe It, In Full. – Chauntel

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        Chauntel “Dear Steve, Hi, I had a BOA credit card that I couldn’t continue to may payment to for months, so it went into default and then collections with ICSYSTEM. After a couple of months I was abled to start making payments back so I called BOA and was told my account was indeed sold to ICSYSTEM. ICSYSTEM rep told ... Read More »

          I Don’t Want to File Bankruptcy or Have My Wages Garnished. – Deanna

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          Deanna “Dear Steve, I also am having many issues with Allegro. I have stopped my payments to them and am working with my 2 creditors on my own. One creditor will lower my total due by $2,000, but I have to pay 3 payments of 2700.00 and I cannot do this. I do not want to declare bankruptcy and want ... Read More »

            Bouncing a Check Can Put You Behind Bars For Years in Dubai

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            A recent New York Times article on the perils faced by debtors in Dubai, United Arab Emirates. More needs to be written about the impossible situation in Dubai when it comes to resolving debts faced by even your average person. I certainly have answered my share of debtor questions from people worried about their Dubai debts. Even in a modern ... Read More »

              My Wife is Thinking of Divorcing Me So She Can Keep The House. – Brian

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              Brian “Dear Steve, I am currently out of work. My wife is employed and we are upside down on a mortgage that is in my name alone. Her income is not enough to pay the bills without dipping into our savings. This could possibly run our savings down to nothing and then we lose the house. • We have enough ... Read More »

                I’m Making Payments Through The Court But Now Getting My Pay Garnished. – Brandy

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                Brandy “Dear Steve, This is my situation, I took out a christmas with the intentions to pay it back. I quite did not get much back form my taxes and was not able to pay it right back. The owner filed small suit on mine and my husband’s behalf, and the only thing that I can do is pay on ... Read More »

                  Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam

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                  California Attorney General Edmund G. Brown Jr. today announced that agents from his office have arrested Michael McConville, and two of his associates for their roles in a “criminal conspiracy” to steal nearly $1 million from borrowers seeking to refinance their homes. McConville and his co-conspirators lured dozens of borrowers into refinancing home loans by falsely promising low interest rates ... Read More »

                    “Bank of America’s Message to Me Was Tough Shit!”

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                    Certainly an impassioned point of view from a very angry Bank of America customer that feels strongly that she is not going to pay Bank of America one more penny. Here are some videos that responded to the original video or content. As you can see she has a few fans. Although the message could have better embraced by people ... Read More »

                      We Make Too Much Money and Have Too Much Debt. I Want to Raid My 401(k). – Paul

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                      “Dear Steve, My wife and I have a tremendous amount of debt. We make a lot of money by most standards, and that makes bankruptcy virtually impossible. Our credit card debt alone is more than 50% of our yearly income ($130,000 in credit card debt, plus $60K in student loans, plus $370K in mortgage debt, on $240K of yearly income). ... Read More »

                        Chase Class Action Suit For People Offered a Chase Fixed Annual Rate Credit Card

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                        This might be of interest to you if you were offered a fixed rate credit card from JP Morgan Chase and then they switched the terms. This is an ongoing investigation and pending consumer class action against Chase Bank USA and JPMorgan Chase & Co. (hereinafter “JP Morgan Chase”) in which it is alleged that JP Morgan Chase offered to ... Read More »

                          My Husband Lost His Job as a Minister. I Drive a School Bus. – Rose

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                          Rose “Dear Steve, I am employed as a school bus driver. My husband was a minister until losing his job and consistent annual income 3yrs ago. He quickly went into Real Estate at precisely the wrong time. Since that didn’t work out so well and put us in the poor house, he has started a new carpet cleaning business that ... Read More »

                            I’m Waiting For My Mortgage Modification to Be Reviewed by Bank of America. – Noel

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                            Noel “Dear Steve, I am an officer for the State of California, and lost 15% $1,100 of my income and it’s caused a hardship because we can’t afford our payment now. It was tough anyway, but after that it’s became impossible. We’ve sent in all the information you advised and a check for what we can afford to pay Bank ... Read More »

                              Why I’m Investing $1,000 to Help People Consolidate Their Debt.

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                              I’m old enough now to learn that I should never say never about anything. There was a time that I was very anti peer-to-peer lending and thought there were no longer any opportunities for people to get unsecured debt consolidation loans. My initial uncertainty and hesitancy about this form of lending was supported by what I observed in the early ... Read More »

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