Latest Posts
Home > Author Archives: Steve Rhode (page 692)

Author Archives: Steve Rhode

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 »

                        Are CCCS and Credit Counselors Salivating From Government Push to Help Save Homes With Housing Counseling?

                        Ready to Collapse

                        Don’t be confused, housing counseling by credit counselors is a profitable business. And now that the government has laid out a new, aggressive plan, to help people to avoid foreclosure, credit counseling groups must be celebrating with a big party. Housing counseling is a revenue source for credit counseling offices and with the sudden availability of help and resources for ... Read More »

                          Government Mortgage Assistance, Resources to Avoid Foreclosure, Homeowner Affordability and Stability Plan

                          Ready to Collapse

                          At this time the Obama administration is preparing to revel their new approach to help homeowners avoid the loss of their homes in foreclosure. I’ll use this post to provide new information as it is made available. Here is what I know right now. The Obama plan calls for: Helping borrowers who owe more than 80% of their home’s value ... Read More »

                            I’m Afraid I’m Going to Lose My Car in Bankruptcy. – Veta

                            Ready to Collapse

                            Veta “Dear Steve, I’m going to file a Chapter 7 bankruptcy and I would like to keep my car but I might not have enough exemption. Even if I do the judge may not allow me to reaffirm the car loan because the payment is so high. So I don’t know if I should keep making the payment on it ... Read More »

                              I Have a Loan Through Bank of America and I’m Going to Declare Bankruptcy. – Nick

                              Ready to Collapse

                              Nick “Dear Steve, I have a Loan through Bank of America and the APR IS 15.99%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!, I am going to declare bankruptcy soon if this isnt lowered. Can you Lower my APR? Nick”   Dear Nick, These days 15.99% isn’t a bad interest rate on a credit card, But you didn’t say what kind of loan this was. Nick, it ... 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.