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Home > Author Archives: Steve Rhode (page 692)

Author Archives: Steve Rhode

I’m Going Bankrupt. How Long Until Bank of America Sues Me? – Mary

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“Dear Steve, I have consulted an attorney regarding my overwhelming credit card debt ~ over 80K. I was told to stop using the credit cards for 3 mos before filing Bankruptcy. I have 3 credit cards with B of A, and also have my checking account with them. The attorney told me to move my bank acct, but I’m concerned ... Read More »

    Professional Journalist Really Blows This Debt Settlement Story

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    CNBC produced a story by Trish Regan that was full of misleading statements and came across that debt settlement was not a problem, without ever mentioning the tax consequences or that debt settlement companies are under investigation. The story claims that an NFCC agency, ClearPoint Financial Solutions was able to get Providian to settle the debt for less. There is ... Read More »

      I Want to Consolidate My Credit Card Debt at a Good Interest Rate. – Roy

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      Roy “Dear Steve, Trying to consolidate debt. seems there is no real help unless you default im trying to get help before I get to that point. just want a fair deal…looking for 9 to 11 % interest rate for roughly 25,000 total debt( not including 20,000 left on two car payments) I make a good salary now but it ... Read More »

        Video Review of Cool-N-Save Heat Pump Energy Saver

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        I’ve mentioned a little unit that I purchased to see if I could lower our energy consumption from one of our heat pumps. It is a little device called the Cool-N-Save and it operates by cooling the air that flows over the fins of the heat pump. You can read the study conducted by Tulane University on the Cool-N-Save unit. ... Read More »

          New Financial Disclosures Out. John McCain Going Further in Credit Card Debt at 25.99%. Ouch!

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          Last year I wrote a story about John McCain and his Chase credit card with a 25.99% interest rate. I just discovered that the latest 2008 financial disclosures are out and I went back to see if he got a better rate on his card. Not only didn’t he get a better interest rate, but his balance has increased on ... Read More »

            My Daughter Took Out Student Loans. I Couldn’t Co-Sign. Her Grandmother Did. Now She Can’t Pay. – Lorrie

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            Lorrie “Dear Steve, Four years ago my daughter decided to go back to school. She took out student loans through Sallie Mae. I tried to co-sign for her but was turned down… my mother was not. So now we have a problem of course, my daughter has 2 children, no job and the ex-husband doesn’t work either. My mother (the ... Read More »

              I Want You to Meet Who You Helped Today – Jorge

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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 GetOutOfDebt.org site so we can help more ... Read More »

                Don’t Get Scammed By Dishonest Loan Modification Companies

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                More news today about loan modification companies and the troubles people are having in paying them for help. “They convinced me they could help save my home and intervene on my behalf as a third party with my mortgage company,” said Mr. Briscoe, who bought his Tucson home in 2005. The company charged him $2,000 and told him he should ... Read More »

                  What Do I Do About Lawyer Calling Me to Collect on Old Debt? – Jeff

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                  “Dear Steve, Due to a loss of income last year we have been unable to pay numerous credit card companies. We are stable now but cannot catch up. One of the accounts was charged off in the mean time and it was purchased by a debt-collection company. I have received a letter and a few phone calls from someone in ... Read More »

                    I Just Finished a Divorce and Want to Dissolve My Debt. – Janet

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                    “Dear Steve, I am currently in debt, $40,000. I just finished a divorce, had to buy a home and furnish it for my children and myself. Now I want to disolve all of my credit card bills with one monehtly payment. Because I have too much revolving credit I keep getting rejected. I do not want to go to a ... Read More »

                      I Was Divorced and Debt Free, or so I Thought. – Cheryl

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                      Cheryl “Dear Steve, I was divorced, debt was paid in full when the house was sold, divorce papers show debt was to be paid and all accounts closed, but Bank of America left if open after it was paid in full, and ex went back and used it up again, without my knowledge, when i did have knowledge he asked ... Read More »

                        New York Attorney General Goes After Loan Modification and Foreclosure Rescue Companies for Screwing Consumers

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                        Attorney General Andrew M. Cuomo announced his office is taking legal action against a leading New York foreclosure rescue company for charging illegal up-front fees and engaging in consumer fraud. The company targets homeowners facing foreclosure by claiming that it can save their homes, but often fails to provide the services promised. The Attorney General’s Office served a notice of ... Read More »

                          Wells Fargo Bank Offering Title Loans. I Think the Ad is Misleading.

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                          I saw an advertisement online just a minute ago. It surprised me. Consolidate Using Vehicle Consolidate Bills & Reduce Monthly Payments Using Your Vehicle-Apply! Now you can refinance your used car, which is not a new thing, companies have been doing this for years. But this is the first time I can remember that a major bank will refinance a ... Read More »

                            I Am Pregnant and in Debt in the UAE But Will Not Be Able to Pay My Bills for Ten Months. – Leifam

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                            Lefiam “Dear Steve, This is how the story goes,i have 2loans and 3credit cards with a local and international bank and my debts sums up to $13,000. I am currently working here in Dubai, UAE. And as we all know that UAE law with the debtors are so tight that they put everybody in jail who ever fails to pay ... Read More »

                              Newlyweds With Baby on the Way, Getting Sued for Old Car Repossession. – Mariela

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                              Mariela “Dear Steve, My husband had his car repossed before we got married because he lost his job about two yrs. ago. The bank now is sueing him for the amount of the car. We are newly weds and parents-to-be therefore he has no money and he owns nothing. The letter is obviously threatening that they can take his wages, ... Read More »

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