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Home > Author Archives: Steve Rhode (page 692)

Author Archives: Steve Rhode

My Friend and Fellow Motorcycle Rider is Worried About Getting Laid Off

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The economic blues are hitting more and more people. I just learned that a friend of mine who works at a Bridgestone tire plant is on the bubble for the next wave of layoffs. My friend and fellow Suzuki Burgman rider is known as the Smyrna Cowboy and he publishes a regular vlog on riding and life. And by the ... Read More »

    We Lost Our Home in Foreclosure And Now The Banks Wants $56,000 From Us That We Can’t Pay. – Trevor

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    Trevor “Dear Steve, Several years ago my wife and I lost our home to foreclosure in NC. The bank sued us for a deficiency judgment which of course we were unable to pay, because we could not even keep up the house payments despite emptying our life’s savings. Today, four years later, this judgment still hangs out there, gathering enormous ... Read More »

      What Do We Need to Do to Consolidate Our Debt? – Ayanna

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      Ayanna “Dear Steve, My husband and I just got married, together we owe about $60,000. They are all in collections, due to job losses, unemployment, and only one of us was working. We both now have jobs, and would like to consolidate. What do we need to do to consolidate our debt? Ayanna” The Answer   Dear Ayanna, Congratulations on ... Read More »

        Big Boy Home Builders Being Taken Down By Banks

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        It a time of financial uncertainty many people, of all walks of life and income ranges face trouble. We normally think that only middle class or poor people suffer from debt problems. That’s just not true. Previous high income earners are impacted by troubles as well. Former Wall Street employees are now looking for entry level jobs at $8 an ... Read More »

          How Can I Save Money and Get Out of Debt at the Same Time? – Rob

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          “Dear Steve, I read an article that said if you want to pay down your debt quickly, it is ridiculous to try to save money at the same time . You should put all available funds into debt reduction so that you can snowball your payments and get out of debt faster. The conventional wisdom is to build your emergency ... Read More »

            I See My Situation as the Most Dire That I Have Seen or Even Read About. I Am at the End of My Rope. – Martina

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            Martina “Dear Steve, I am a single mother of a 5 year old princess. I don’t get child support and at one point in my life about 6 years ago I was debt free with only my house payment, utilities and food. Then from there I pretty much have gone down hill. I had credit cards that I maxed out ... Read More »

              Do You Recommend Credit Counseling or is There a Better Way? – Danny

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              “Dear Steve, My wife and I have accumulated 40,600 in credit card debt. We are way over our heads, however, we have been able to make ALL of the payments on time. We are just barely making it though. We make over 118,000 a year together. Do you recommend credit counseling or is there a better way? Danny” The Answer ... Read More »

                I Have Been with CareOne for 3 Months and I Am Having Difficulty Paying the $594 Monthly Payment. – Jim

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                “Dear Steve, I have been with CareOne for 3 months and I am having difficulty paying the $594.00 monthly payment, behind one month on car. What can I do? Jim” The Answer   Dear Jim, For those that are not aware, CareOne is a credit counseling company. They probably put you on a debt management plan and organized your debt ... Read More »

                  I Need Some Advice and Referrals For Bankruptcy and a Debt Financial Counselor. – Georgina

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                  Georgina “Dear Steve, I owe a total of about 130k in cc & student loan debt. Student loans account for 70k. not sure how to start repay or bankrupy. I’m just 2 years back in workforce now. I make 50k yr with room for increase near future. Help, overwhelmed I need some referrals for debt finanical counselors and or bnkruptcy ... Read More »

                    Is Buying a Used Car With a Credit Card a Good Thing? – Karla

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                    Karla “Dear Steve, Is buying a used car with a credit card a good thing? Karla” The Answer   Dear Karla, Excellent question. My answer may surprise you. Actually buying a used car using a credit card can be a very smart thing to do for two reasons. If you have a problem with the dealer you can dispute the ... Read More »

                      How Can We Go About Getting My Wife’s Name Off of This Debt? – Hank

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                      “Dear Steve, I was offered to apply for overdraft protection on a checking account via telephone. As it turned out, all overdraft payments were actually cash advances, therefore high interest rates. But this is the problem. My wife recently got her annual credit report and found that the bank had this on her credit as a joint account. My wife ... Read More »

                        I’m 24 and About $20,000 in Debt Plus I Try Real Hard to Pay Them. – Andrew

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                        Andrew “Dear Steve, I’m 24 and about $20,000 in debt plus i try real hard to pay them but i don’t make alot of money and the credit card people don’t care they just what money, money and more money Plz help i would like to get out of debt or get it real down Sam” The Answer   Dear ... Read More »

                          Do We Have Any Viable Alternatives Other Than Bankruptcy? – Paul

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                          “Dear Steve, I have piled up over $60k of credit card debt over the past couple of years. My gross income has been in the $55k range for the past two years. I am in a business where my income should continue to grow but with minimums around $1300 per month I’m very close to falling behind on these and/or ... Read More »

                            What Are My Options Other Than Filing Bankruptcy to Help Me Reduce the 25% APR on My Bank of America Credit Card? – Bobby

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                            Bobby “Dear Steve, I’m a college student, age 22, and have trouble reducing my credit card debt due to the high interest rates. I have nearly reached my credit limit of $5,000 with my Bank of America Credit Card due to the apr of 25%. My credit score has been reduced to poor due to a few late payments (3) ... Read More »

                              Is It Possible to Avoid Bankruptcy and Prevent Our Creditors From Attaching Judgment Liens On Our Properties? – David

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                              “Dear Steve, I’m a real estate investor and my wife is a Realtor. We have used my wife’s credit to accumulate debt of $180K in unsecured personally guaranteed business LOC and credit cards in one corporation and $100K in of the same in a limited liability corporation. I filed personal bankruptcy 4 years ago and thus the reason we are ... Read More »

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