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Home > Author Archives: Steve Rhode (page 690)

Author Archives: Steve Rhode

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 »

                      Reforms Recommended for Debt Collectors and Debt Collection Industry

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                      The Federal Trade Commission issued a report today recommending that the debt collection legal system be reformed and modernized to reflect changes in consumer debt, the debt collection industry, and technology. The report describes the changes the FTC believes will provide better consumer protection without unduly burdening the debt collection industry. The Commission also issued its 31st annual report to ... Read More »

                        Statute of Limitations and Time-Barred Debts: State Information

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                        “Time-barred” debts are debts so old they are beyond the point at which a creditor or debt collector may sue you to collect. This is often referred to as debts that are beyond the statute of limitations. State law varies as to when a creditor or debt collector may no longer sue to collect: in most states, the statute of ... Read More »

                          My Husband Died and I Was Laid Off. – Linda

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                          Linda “Dear Steve, I am 51 years old. My husband died 3 years ago. I was layed off from my job in Oct. 2008. I have over 40,000.00 in credit card debt and 50,000.00 on a home equity loan. The interest rates are killing me. I may have to file bancruptcy. How can I lower my interest rates so I ... Read More »

                            Identity Theft and Credit Card Fraud for New Boobs

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                              I Want You to Meet Who You Helped Today – Ludmila Boiko

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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 »

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