Latest Posts
Home > Author Archives: Steve Rhode (page 690)

Author Archives: Steve Rhode

SO THIS IS HOW IT FEELS TO BE IN DEBT!

Ready to Collapse

An old friend of mine let me know recently that he had been struggling with some financial problems. While debt issues are not something that you often share with just anyone, my friend trusted me enough to open up to me for advice and a friendly shoulder to lean on. My friend, to be anonymously known here as Bob, wrote ... Read More »

    How Can We Pay Down Our Enormous Debt? – Sharon

    Ready to Collapse

    “Dear Steve, We have nearly $21,500.00 in debt from Credit Cards, Home Equity Line of Credit, and College School Loans. This does not include our home loan/mortgage or vehicle loan. Credit cards alone are almost $6,500.00 of this debt. We want to be debt free and would like to be able to afford to send our children to private school. ... Read More »

      It’s Just a Matter of Time Before I Have to Look at Debt Settlement or Bankruptcy. – Laura

      Ready to Collapse

      “Dear Steve, Hi, I am drowning in debt from student loans and credit cards. I have a steady job, but it’s just a matter of time before I’m going to have to look at debt settlement or bankruptcy. So far I’ve paid all bills on time, but LOTS of debt. My 5 year ARM is up end of 2009. Would ... Read More »

        Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

        Ready to Collapse

        An interesting new development in the UK is the formalization of a new tool, the Debt Relief Order, to let consumers eliminate their debts under the power of bankruptcy but without all the hassle or cost. For debtors that have less than £15,000 of unsecured debt and no assets, they can go to a credit counselor, who can file an ... Read More »

          I’m Drowning in Private Student Loans. – Kathy

          Ready to Collapse

          Kathy “Dear Steve, I graduated from an affordable college four years ago with $70K in student debt. Because my parents made $200K per year, but were unwilling to help me pay for college, I was ineligible for sufficient Federal aid, even loans. I was forced to finance college through a private lender, which I was lead to believe adhered to ... Read More »

            Should I Use My Money in Savings to Pay Down My Credit Card? – Zach

            Ready to Collapse

            Zach “Dear Steve, I just turned 26 years old and I’ve got $6700 in credit card debt (All at 0% except for $1700 at 11%) and $4500 in an emergency fund savings account. It costs about $1600 a month for me to live, giving me about 3 months of living expenses saved up. I have a stable part-time job, and ... Read More »

              A Simple Guide to Understanding How the Bankers Screwed Up and Got Us in This Credit Crisis

              Ready to Collapse

              My bankruptcy attorney friend sent me the link this the video below and said it was a great video to help explain the credit crisis. She was right. It is so nice to see clearly the relationship between the extremely poor decisions smart bankers made that have now trickled down to a foreclosed home near you. If you can’t see ... Read More »

                Advertisers Are Way Smarter Than You in Getting You to Spend Money When You Didn’t Want To

                Ready to Collapse

                I’ve written a lot about how shopping malls, and stores are deigned to intentional trigger your subconscious impulses to get you to spend money. And then when people do, they are cursed by their creditors for being irresponsible. Granted all spending is not beyond our control, but some formulas to make you buy are very devious. How about chocolate chip ... Read More »

                  Bankruptcy Filers Can Easily Get Better Credit Scores Quickly

                  Ready to Collapse

                  When people go bankrupt their finances become a painful chapter in their lives. They avoid credit and shun anything to do with their credit reports or credit scores. And that’s a mistake. Going bankrupt is painful enough but being unfairly penalized for going through bankruptcy is not fair. If you have gone bankrupt in the last seven years you need ... Read More »

                    I Want You to Meet Who You Helped Today – Lina’s Group

                    275370

                    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 »

                      I Want to Freeze My Interest Rates. – Vladimir

                      Ready to Collapse

                      Vladimir “Dear Steve, I have debt of £4000 with high interest and cant keep up the repayments plus i am never gonna get rid off debt only paying minimum payment on card but cant afford to pay more. wanna freeze the interest. How can I freeze the interest rates? Valadimir”   Dear Vladimir, I assume from your use of £ ... Read More »

                        The Crush of Debt. A Moment of Beauty.

                        Zemanta Related Posts Thumbnail

                        Running Rocks, originally uploaded by Steve Rhode. When you are dying under the crush of debt or the pressure of financial catastrophe, take a moment, a breath, and find some image that helps you to relax. This one helps me to relax. There is everyday beauty around you. There is plenty to be grateful for. Self-punishment and thoughts of suicide ... Read More »

                          Don’t Pay Your Taxes With a Credit Card

                          Ready to Collapse

                          It’s getting towards that time of the year again when tax bills will come due and many will hope for a big refund to save them from financial disaster. If you owe the IRS, one of the payment options is to use your credit card to pay the bill. But the IRS is special. They get to violate one of ... Read More »

                            Man Ultimately Killed by City Utility Company for Taking Payment to Wrong Bank

                            Ready to Collapse

                            Marvin Schur of Bay City Michigan was found stiff as a board in his bedroom after the city turned off his power. When he was found the internal house temperature was cooler than many refrigerators. “When neighbors went inside Marvin Schur’s house, the windows were frosted over, icicles hung from a faucet, and the 93-year-old World War II veteran lay ... Read More »

                              Consumer Bankruptcy Attorneys Stand Behind Government Plan to Allow Bankruptcy Judges to Modify Mortgages

                              Ready to Collapse

                              The following statement was issued today on behalf of the 3,500-member National Association of Consumer Bankruptcy Attorneys (NACBA) by bankruptcy attorney and NACBA president Carey Ebert of Fort Worth, TX: “At a time when an estimated 6,600 American families are losing their homes to foreclosure every day, we welcome the Obama Administration’s support for changes to existing bankruptcy laws that ... 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.