Home > Author Archives: Steve Rhode (page 691)

Author Archives: Steve Rhode

I Just Invested in 33 Loans to Help People to Get Out of Debt

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Lately I’ve been very impressed with LendingClub.com and the peer-to-peer model that they have developed to let individual investors participate in some small way in making loans to other people that need to borrow money. The LendingClub business model allows both borrowers and lenders to skip the banks completely and lend to each other. From the advertising revenue from this ... Read More »

    How Can I Get Caught Up on Back Payments When I Don’t Make Enough Money to Get By On? – Kenneth

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    Kenneth “Dear Steve, I filed chapter 7 bankruptcy a little over 2 years ago. I was laid off last December and could not find work for 6 months. I am back working now but am behind in almost all of my payments, most notable child support and owe income taxes from last year. I had to borrow money during this ... Read More »

      My Credit Score is Dropping. Is Yours?

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      I am pissed off. I carefully monitor my credit report and credit score. In fact I just refreshed my consolidated credit report again today and guess what, my score from all three credit bureaus has dropped. But the spread among all three is now 17 points different rather than the 19 points that it was. Credit scores are not designed ... Read More »

        I’m a College Student and I Feel Suicidal Because of My Debt. – Calvin

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        Calvin “Dear Steve, I am a college student with severe chronic depression. The illness has been so debilitating that I have gone from being a dean’s list student to entering the second term of my fifth year of undergraduate school. Unfortunately, this situation has forced me to take on $41,000 in student loans. I can’t afford health insurance and even ... Read More »

          Where Has Credit Counseling Been on Pushing Ahead Alternative Dispute Resolution From BAPCPA 2005?

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          Every had one of those times when something pops into your head and makes you say to yourself, “Why?” Recently I had an opportunity to look at a copy of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. I know, I know, not the kind of light reading you normally pick up. I was looking up something else ... Read More »

            How Can I Get Inquiries Off My Credit Report? – Chris

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            “Dear Steve, I am purchasing a house for the first time. My credit report says there are too many inquires. My mortgage broker says some don’t belong to them. I also have one delinquent payment on my car, (over 30 days). How do I remove the excess inquires from my credit report? Chris”   Dear Chris, There are three types ... Read More »

              We’ve Taken a Cut in Pay And Can’t Afford Our Chapter 13 Bankruptcy Payment. – Carrie

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              Carrie “Dear Steve, My husband and I filed Chapter 13 bankruptcy in December of 2008. At the time of filing we made a combined total of $64,000 annually. Our total debt is $237,000 ($200,000 in student loans and $37,000 in credit card debt) and our trustee would not allow us to pay our student loans directly along with a smaller ... Read More »

                Should I Use My Money in the Bank to Pay Down My Credit Card? – Jenn

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                Jenn “Dear Steve, I have been out of college for 3 years. I have 26,000 student loan debt with low interest rates 1-4%, 6000 in credt card debt with 9% interest. I’m struggleing with if its better to have a savings accont or to pay down my debt. i currently have a savings account, but I dont know if I ... Read More »

                  I Have a Really Big Emergency Fund to Carry Me Through My Unemployment. – Ashlee

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                  Ashlee “Dear Steve, I was laid off in March 2009. I’ve been collecting unemployment and haven’t found a new job yet. I built up a large emergency fund so I’m alright until 2011 if needed (covering my mortgage, bills etc). I have a car loan and I owe around $4000 on it, however; I have the money sitting in that ... Read More »

                    I Am Currently 4 Months Behind on My Mortgage and HELOC. What Do You Suggest? – Debbie

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                    “Dear Steve, I am currently 4 months behind on my mortgage and my heloc. I have worked out a modification with my primary lender that I can live with, and I continue to work out a settlement offer with my heloc throuogh chase bank. what would happen if I just paid my first mortgage ? could the heloc bank attach ... Read More »

                      Get Out of Debt Podcast – More Answers for Angela Concerning Picking a Bankruptcy Attorney

                      Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

                        Get Out of Debt Podcast – Answers for Deborah Who Was in an Auto Accident

                        Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

                          Get Out of Debt Podcast – Answers for Angela and Her Concerns About Allegro Law

                          Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

                            Do I Meet the Four Traits of a Top Financial Blogger?

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                            Earlier today a Twitter message passed by me with an interesting link to an article in the Globe and Mail about an article, ‘Four Traits of a Top Financial Blog‘. The article got me thinking about the subject so I thought I’d take a moment to revel myself to you. The Four Questions to Ask to Find a Good Personal ... Read More »

                              Get Out of Debt Podcast – Answers for Peggy About Allegro Law

                              Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

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