Home > Author Archives: Steve Rhode (page 695)

Author Archives: Steve Rhode

Even Rich Kids Need to Learn How to Handle Money in a Bad Economy

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In uncertain economic times, money troubles and worries are not limited to middle class incomes and lower, even the high flying richy rich families and parents are worried about how to pass on good messages and education about making ends meet. But the rich and the not-so-rich do have something in common this summer: worrying about their children’s financial future. ... Read More »

    Australians Sinking in Debt. Bankruptcy Urged As The Way Out.

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    In an excellent article from Australia I learned that the consumer debt crisis is causing people everyday in Queensland to petition for bankruptcy. The consumer debt crisis is certainly not limited to just one country and with the embrace of easy credit in roo land, consumers are feeling the debt pain also. The article, Cast Off the Debt Load had ... Read More »

      American Express Cancelled My Card With Them Because My Mom Defaulted on Hers After 32 Years. – Carl

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      Carl “Dear Steve, I earn 85K clear of tax per year, I have a total of 95K in unsecured credit card debt, I am single and cover the expenses of my mother with a disabilty and she lives with me. My mother had an American Express charge card for 32 years, she made a few late payments recently so Amex ... Read More »

        I’m a Filipino in Dubai and Scared I Will Have to Leave the Country to Avoid Jail. – Hope

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        Hope “Hi Steve, I’m a filipino currently employed here in Dubai. going for 2 years. I have some personal loans & credit cards here in Dubai. Before, everything is fine because overtime is open in our dept. which makes my earnings more adequate to my expenses & i still can manage all my financial obligations. Then the economic crisis affects ... Read More »

          I Own a Home But Can’t Seem to Refinance it to Take Cash Out. – Kathy

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          Kathy “Dear Steve, I own a home and i am at 80% so finding it hard to refinance my home with my current debt. I owe 24,000.00 in debt and dont want to file banckrupcy. i need help and cannot afford to pay for a service and dont know who i can trust Kathy”   Dear Kathy, You picked the ... Read More »

            I’m Thinking of Killing Myself Because of My Gambling and Debt. – Christie

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            Christie “Dear Steve, I’m a 28 year old casual worker in melbourne australia, i owe debts to the value of 13 and a half thousand dollars, i owe this over 6 creditors like i said i only work casual so how am i supposed to pay someone off when the others are hounding me and payment plans arnt an option, ... Read More »

              Judgments Tossed Out Against Debtors in New York. Law Firms and Debt Collectors Sued.

              New York Attorney General Andrew M. Cuomo today announced his office has sued 35 law firms and two debt collectors in New York State in order to throw out an estimated 100,000 default judgments improperly obtained against New York consumers. This is the latest action in Cuomo’s ongoing investigation into unlawful debt collection practices. According to the lawsuit filed yesterday ... Read More »

                Please Review This Debt Rx USA Marketing Material for Me. – Jeannie

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                Jeannie “Dear Steve, Debt RX USA sounded too good to be true, started researching reviews and found your site. any advice? am forwarding the letter I receuved from them after our phone call. am glad I did not sign up with them. Jeannie”   Dear Jeannie, First off, thank you so much for sharing the information you received from Debt ... Read More »

                  We Had a Contract for Deed / Land Sales Contract But the Owner Went Bankrupt. – Dawn

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                  Dawn “Dear Steve, We have a contract for deed on the property that we live in. We are the authorized users/contact with the mortgage company, Litton Loans, that our landlord has their mortgage with. We pay Litton directly for the mortgage and are current and have never been late. Our landlord recently filed Chapter 7 bankruptcy. We receieved a letter ... Read More »

                    The Truth About Credit Counseling and Debt Settlement. Interviewed by Mary Hunt.

                    Today I appeared on the radio show of Mary Hunt and talked about the realities of modern credit counseling and debt settlement issues. You can listen online: If you can’t see the player above, click here. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Get Out of Debt Guy – Twitter, G+, Facebook Read More »

                      Loan Modification Boiler Room and Success Rate Exposed

                      Responding to a just-released report that exposes the inner workings of a loan modification boiler room, California Attorney General Brown warned homeowners to avoid “shadowy and unscrupulous” loan modification consultants who use aggressive telemarketing tactics and charge thousands of dollars in upfront fees for foreclosure relief. The report, written by a court-appointed receiver, found that H.E. Servicing, Inc., a loan ... Read More »

                        NASCAR Ponzi Scam Nabs Drivers

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                        “Basically, the Ponzi scheme made investors believe that they could get them a guaranteed return on their investment up to 40.8 percent and they got them to invest their money and then used their money for their own personal gain. Our investigation is still in the process of collecting evidence and sorting through the different computers and everything else we ... Read More »

                          Should I Just Tell My Creditors to Sue Me? – Heather

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                          Heather “Dear Steve, Basics: I just turned 40. I’ve been unemployed for about 9 of the last 18 months. Finally have a part time, minimum wage job. Looking for more work but can’t find anything yet. I owe around $12-15,000 in unsecured debt. I agreed to a program with Discover where they reduced my interest rate to 5.9% and automatically ... Read More »

                            Will Banks in Dubai, Hunt Me Down in Canada? – Kent

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                            Kent “Hi Steve, I left Dubai without paying my credit card bills with 2 int’l. banks. I am now here in Canada on a permanent resident status. Can they trace me here? I am worried that it might adversely affects my application for Citizenship should I apply after 3 to 4 years. I am really stressed now. Thanks, Kent”   ... Read More »

                              Which Debt Should I Pay Off First, Credit Card or Personal Loan? – Sean

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                              Sean “Dear Steve, I’m a 20 year old college student around $2000 in debt, with two credit cards and one personal loan. What should I pay off first? The credit card with the highest balance or the one with the higher interest rate, or the loan. What effects my credit score the most? Sean”   Dear Sean, Personally, I like ... Read More »

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