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Home > Author Archives: Steve Rhode (page 693)

Author Archives: Steve Rhode

I’m in My Second Year of Law School and Want to Drop Out. But What About My Loans? – Brad

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“Hi Steve – I’m currently in my second year of law school and am really thinking about getting out. I’m worried about the roughly $100k in student loans I’ll have to start paying back though, not to mention living expenses and almost $9k in credit card debt I accrued as an undergrad. If I do drop out, I’ve considered going ... Read More »

    I Did Not Realize That the Interest Racks Up on a Credit Card Bill. – Susan

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    “Dear Steve, I did not realize that the interest racks up a credit card biil like it does. One late payment (about 1 hour late) has made my interest go up to astronomical proportions. I haven’t used my card in over a year. I pay regular payments, my bill goes even highr with each payment. I have probably charges about ... Read More »

      100% Credit Card Interest Rates Charged in Mexico

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      Just when you thought the banks in the United States were really sticking it to consumers, least we forget what is happening in Mexico. I previously wrote about Wal-Mart de Mexico Plans 100,000 Credit Cards by Year-End — With Interest Rates of 59% to 75% Well apparently Mexico is now starting to draw some lines about the amount of interest ... Read More »

        Can I Legally Do Anything to Eliminate Some of My Crushing Student Loan Balance? – Mark

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        “Dear Steve, I borrowed around fifteen thousand dollars at eight percent in federal student loans to help pay for college. Four thousand was unsubsidized. That was many years back. I have been working as a substitute teacher, but only earn barely enough to survive. Sometimes I don’t even get calls to work. I have state unemployment insurance that helps me ... Read More »

          I’m in India and Drowning in Debt and Looking for Debt Consolidation. – Rao

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          Rao “Dear Steve, I live in India. I am working in a good limited company. My monthly income is Rs.15000/- permonth. I have 6 Credit cards total dues around Rs.2 Lakhs and Bank Loans of Rs.2 Lakhs (Principal). I some how managed to pay all the monthly payments without default till March 09. From next month I am not in ... Read More »

            What if I Just Stop Paying My Credit Cards in Texas. – Steve

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            “Dear Steve, I currently have around $65K in credit card debt. Some of it is from paying of my auto loans, 13K, with balance transfers in order to lower monthly payments. The bulk of it was from 4-6 years ago, when My wife and I both had a 25% reduction in pay for over 2 years (thought it was going ... Read More »

              Credit Card Review – Citi Platinum Select MasterCard Mailing

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              Today I’m going to review the Citibank Platinum Select Mailing that is going out. The front of the envelope looks like the image below. Front of Mailer Back of Mailer I have to give Citibank props for doing a good job on making the envelope direct and accurate. Much better than other offers I’ve seen. The claims on the front ... Read More »

                I’ve Been Unemployed And Behind on My Discover Card. They Are Suing Me. – Liz

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                Liz “Dear Steve, I have been unemployed due to downsizing since June 2008. I fell behind on my Discover card payments, and now they are suing me for $10,000 plus court costs and interest. I can’t make ends meet on my unemployment check, and even that is due to run out in May. I am receiving food stamps and will ... Read More »

                  I Want You to Meet Who You Helped Today – Meyhi El Dien

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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 »

                    I Am in Debt to American Express And Being Sued By AMEX. – Linda

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                    Linda “Dear Steve, I have been a customer for 13 years. In that time my payments were never late. Dec. 2007, I was late. A customer rep called me and I handled it right away. (Late payment was the result of an unexpected death in immediate family.) As a result the interest rate was raised to the maximum 29%. This ... Read More »

                      I Want to Tidy Up My Debt And Make It Look Better. – Laurie

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                      “Dear Steve, Putting it nicely I want to “tidy” up my debt. I want to get my ducks in a row so my husband and I can eventually buy a different house. Here’s my financial picture: Together my husband and I take home: $5800/month Secured Debts: Total: $1503/month broken down as the following: 1st mortgage approx 72,000 @ 6.75% 30 ... Read More »

                        I Don’t Want to Pay Stupid Credit Card Overlimit Fees And Charges. – Melissa

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                        “Dear Steve, I have 2 credit cards that I haven’t paid since August. Now my debt is almost 5000 since most is from over limit, late payment and finance charges. I was able to get one credit card to accept 50 a month at 0% for the next 12 months. Obviously i am hoping to pay more over the course ... Read More »

                          Who is the Contact at First Horizon Loss Mitigation? – Daniela

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                          Daniela “Dear Steve, My lender is First Horizon Who should I contact with, who is the right person in Loss Mitigation Department I am already in default 3 months. Please help. Daniela”   Dear Daniela First Horizon Loss Mitigation Department Leigh Ann Hammon [email protected] 214-441-7329 Shantell Williams [email protected] 214-441-6013 Read More »

                            Is There a Debt Management Program For Folks Who Are Not Currently Behind? – John

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                            “Dear Steve, Between medical bills, my son’s college tuition, and just plain being stupid, my credit card debt has just gotten out of control. I’m not having any problem making minimum payments right now, but I see that changing in the coming months. We bought a house last September and as soon as the mortgage began reporting, the credit card ... Read More »

                              I’m Unemployed on Jobseekers Allowance But Creditors Want More. – Paul

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                              “Dear Steve, I’m on jobseekers allowance at present been unemployed for 6 months I am in debt on 4 credit cards total amount eighteen thousand pounds sent in budget plans with offer of payment but still find it difficult to keep up the payments and the debt companies never let go no matter what you tell them they still keep ... Read More »

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