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Home > Author Archives: Steve Rhode (page 687)

Author Archives: Steve Rhode

Should I Do an Informal Bankruptcy? – Melissa

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“Dear Steve, I owe 40k in credit card debt. I am a freelance contractor and after five years of working solidly, the work came sparingly this last year. I haven’t been able to pay on the debt since September, the interest rates are now 30% because I’ve defaulted and my husband, who is working and has tens of thousands of ... Read More »

    Can I Get My Bank to Reduce My Car Loan Interest Rate? – JT

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    JT “Dear Steve, At this moment, I am paying high interest on my car loan? Do you think I can get the bank to reduce the interest even if my credit score is bad? JT” The Answer   Dear JT, No. The best way to get them to lower the rate is to improve your credit score and then refinance ... Read More »

      Quickies – Debt Advice, Bankrupt, Debt, Car Payment, Foreclosure, Getting Sued

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      When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms free debt advice – You came to the right place. Ask me your question ... Read More »

        How Can I Get Out of Debt Quickly and Fix My Credit Report? – Manny

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        Manny “Dear Steve, I have five credit cards and I have made agreement with two out of five creditors, the other 3 creditors do not want to help me out. What can you advise me to do. I have five cards all five cards comes to 21000, my daughter will be in colllege in about 51/2 years and I want ... Read More »

          Is a Voluntary Repossession a Good Idea? – Dan

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          “Dear Steve, I owe about $8,800 on my car and with credit card debts being around $13,000, I am unable to pay more than the minimum payment due on that car. I don’t need this car and would love to get rid of it in order to throw that extra money at reducing my credit card debts. I don’t know ... Read More »

            I Had to Use My Credit Cards to Live and Pay Bills After My Divorce. – Christine

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            “Dear Steve, After getting divorced, I had to use my credit card to live and pay bills, taxes,etc. Then I got remarried and we remodeled our home and bought some new things to go into the home. We both have good jobs and great credit, but we have no savings at all. We are living paycheck to paycheck. We want ... Read More »

              Should I Quit Claim Deed My Home to My Son? – Sarah

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              “Dear Steve, I have a home that I am in the process of a short sale and a large amount of unsecured credit lines. I also have a home that has quite a bit of equity in it but can’t sell. I am in the process of modifying the loan on the house with equity and have gotten some initial ... Read More »

                Government Avoid Foreclosure Loan Modification Open for Refinancing

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                It is important to note that this loan refinancing program is NOT designed for people that are behind or delinquent on their mortgages. You will have to contact your loan servicer and see if you are eligible for help under the Home Affordable Modification part of the program. To participate in the government backed loan modification program borrowers must meet ... Read More »

                  I Am Drowning in Debt And See No Light at the End of the Tunnel. – Tammy

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                  “Dear Steve, I am drowning in debt and see no light at the end of the tunnel. It is causing me daily stress and anxiety, as I am worried about my future, worried about losing my good credit when I am no longer able to make my payments, worried about my kids. I am a single mother of 3, divorced ... Read More »

                    I Want You to Meet Who You Helped Today – Mairam Melikova

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                    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 »

                      One in Three Consumers Spanked By Their Credit Card Companies

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                      San Francisco, CA – March 2, 2009 – According to a new survey for National Consumer Protection Week (March 1-8) from Credit.com, a third (33.7%) of consumers say their credit card company has made one or more of the following changes to their credit account: Increased their interest rate 15% Increased their minimum payment due 11% Changed their due date ... Read More »

                        Debt Confessions – Debt Secrets

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                        Here is a summary of recent postings in the Debt Confessional from all over the world. You can see more here. “I am a 52`year`old women, with debt that I feel like I cannot control anymore. My husband does not know all of my debt. He just hands me the paycheck and I pay the bills. My main bills ( ... Read More »

                          Repo Men Shot By Car Owners

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                          An interesting article worth reading is a recent USA Today article titled “Violence up between repo men, car owners“. Alone in his mobile home off a winding dirt road, Jimmy Tanks heard a commotion at 2:30 a.m. just outside his bedroom window: Somebody was messing with his car. The 67-year-old railroad retiree grabbed a gun, walked out the back door ... Read More »

                            Guess What You Might Not Owe? Your Mortgage!

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                            Under the universal law of what you least expect, it appears that the rabid feeding frenzy of banks to initiate loads of subprime mortgages resulted in sloppy loans and sloppy documentation. Bankruptcy judges, foreclosure courts and lawyers are now getting a bit wiser to the trailing mess created as banks sold and resold pools of securitized mortgages. It appears that ... Read More »

                              Quickies – Bank of America, Payday Loans, Divorce, 401k, Credit Report

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                              When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms will bank of america negotiate debt – Yes but debt settlement can be tricky ... Read More »

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