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Home > Author Archives: Steve Rhode (page 693)

Author Archives: Steve Rhode

Apparently People In Debt Don’t Find Love, Unless You Find Another Debtor

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Well apparently CNN is struggling to find some breaking news so a crew was available to do a story on dating and debt. It’s worth a look. Embedded video from CNN Video Read More »

    Getting The Boot

    The Boot, originally uploaded by Steve Rhode. For some reason I seem to keep my photography life and debt advice life in two separate compartments. Yet much of my photos have grown out of the angst and pain that my debt advice brings me. Here is a good example. I just saw this lone boot, left in the back of ... Read More »

      Let NASCAR Help You Eliminate Your Credit Cards and Get Out of Debt

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      Everyone has a hobby. For some it is shopping, collecting or something else that causes money to leap out of your pocket. And when getting out of debt, that’s not what you need or want. But you know there are a lot of things you can do to keep yourself busy that don’t cost a single additional penny and can ... Read More »

        Banks, Wall Street, and Mortgage Companies Screwed Consumers And Now Want to Leave You Hanging

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        I just watched the CNBC special “House of Cards” about the inside of the mortgage industry, rating agencies and the Wall Street banks that pumped loans to consumers that they knew people could not afford. And now that we are faced with a national foreclosure crisis, the very same banks and lenders now won’t workout arrangements to allow people to ... Read More »

          I Have Several Credit Cards That I Haven’t Been Able to Pay On. – David

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          “Dear Steve, I have several credit cards that I haven’t been able to pay on, I am currently paying on one of them, Im just now starting to get calls from lawyers for collection. My wife and I also have a time share that we havent been able to use let alone afford, we havent made payments on that either. ... Read More »

            Mortgage, Bankruptcy, Nonsense

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            Not that long ago I wrote again about the pleas from banking to not allow bankruptcy judges the authority to modify mortgages, in limited situations, to allow people to stay in their homes and avoid foreclosure. See “Mortgage Bankers Association. A Bunch of Whiny Bitches?“. Today an article in the Wall Street Journal has got me going again. Todd Zywicki ... Read More »

              I Don’t Have a Job to Pay My Debts. What Should I Do? – Reanna

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              Reanna “Dear Steve, I don’t have a job and I am currently 1,000 dollars in debt with my bank and credit card. I owe 500 dollars to each. What should I do? Reanna”   Dear Reanna, I’m thinking that getting a job would be the right answer here. If you were making an effort and still not able to repay ... Read More »

                I Just Needed to Laugh

                Living through money troubles and debt is stressful and depressing. I’ll never forget my days in the pits of debt hell. Ironically I seem to live those emotions every day when i answer your questions. I’m too much of a softy, I still feel the pain and have compassion for all in trouble. But luckily when it gets to be ... Read More »

                  Are Muzak and Sirius XM Radio, Better Than You?

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                  I was reading the latest news about the bankruptcy filing of Muzak, the elevator music people, and the new merged company of Sirius XM, the satellite radio people. Sirius XM has not filed Chapter 11 bankruptcy just yet but it looks like they will any day now. It has always struck me as odd that we applaud business for using ... Read More »

                    What is the Damage to Our Credit Report if We Settle a Debt for Less Than the Full Amount? – Lara

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                    Lara “Dear Steve, My husband and I have over $45,000 credit card debt. Our income has been seriously reduced by about 65% lately. We are thinking of best ways to reduce debt amount or get payment plans over a period of 5 years. If the creditor decides to accept to settle the debt for less it will appear as settled ... Read More »

                      I Want You to Meet Who You Helped Today – German Coronel

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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’m a College Student and Gotten Myself in Very Bad Credit Card Debt. – Meredith

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                        “Dear Steve, I am a college student and gotten myself in very bad credit card debt. It is so easy to get a card and I have managed to run up a debt close to $10,000. I had three credit cards; I have gotten rid of them, can’t use them, but still owe the debt. How do I get rid ... Read More »

                          I’ve Depleted My Savings, Creditors Are Calling And I Feel Like a Criminal. – Avria

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                          “Dear Steve, Early in 2008, I had a sudden turn of events. I had to quit my job due to health problems and lost half of my household income when my ex and I split up. I had just bought a new car and signed on to what would have been smart loans to transition into a more comfortable state ... Read More »

                            How Can I Negotiate a Lower Balance to Pay Back My Credit Cards? – David

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                            “Dear Steve, I’m several months behind on several credit cards. Now have money to pay them off through a loan I got on my house. Can I negotiate a lower payoff with the credit card companies? David”   Dear David, Technically, yes, but watch out. Your creditors are going to play you and lie to you. They are experts and ... Read More »

                              I Have Eleven Cards I Want to Close Some But Should I? – Ariel

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                              Ariel “Dear Steve, I have 11 credit cards with zero balances and want to close them and keep paying out my other 5 open credit cards. if I close these 11 will it hurt my credit score or should I close them regardless? Ariel”   Dear Ariel, Your question brings up the greater issue of do we need to live ... Read More »

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