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Home > Author Archives: Steve Rhode (page 80)

Author Archives: Steve Rhode

Payday Loan Reality: What It Is, What It Does, and Who Falls in the Trap

Concept of daily routine

The kind folks over at Pew Trust did a great series on payday loans to help make them more understandable. The videos help to explain the pros and cons of payday loans and why they can be helpful for some and incredibly expensive for most. The payday loan issue is another one of those situations where when used appropriately it ... Read More »

    I’d Love to Find a 10 Year Loan to Consolidate My Credit Cards. – Lori

    raising hand

    “Dear Steve, $27k in revolving debt and another $20k already set up in low rate repayment schedule loans of debt. I just want to know if any banks offer consolidation loans for a 7 year term where they take our cards, issue payoff checks and cut our cards, anymore? I so want to pay off our debt the right way ... Read More »

      I’m Worried About My Dubai Debt in Scotland. – John

      Eilean-Donan-Castle scotland

      “Dear Steve, You have probably heard this a hundred times Steve, but I have lost my job in Dubai and am in debt through a personal loan from a bank called Emirates NBD to the tune of AED 180,000. My wife is pregnant and I do not want to risk jail on default so we are returning to the UK ... Read More »

        I Work for a Debt Relief Company and Have a Question About a Client. – Chris

        Adult Ed - Questions

        “Dear Steve, I work for a debt settlement company. A client believes he is free from debt after 4 yrs if they havent collected. Is this true? Chris” Dear Chris, I’m very happy to assist you to help this client. I believe the client is talking about the statute of limitations. The only states it is four years are California, ... Read More »

          Sanctuary Belize, Andris Pukke, Todd Cook, Peter Baker & Ameridebt

          Screen Shot 2013-06-13 at 4.16.46 PM

          Please see updates on July 15, 2013 and July 23, 2013 to this article at bottom. Recently tips and information has been trickling in regarding an old debt relief industry name I had not heard for awhile, Andris Pukke. Pukke was nailed by the FTC for his operation of Ameridebt and even did some jail time for it. You can ... Read More »

            Will My Tribal Payday Loans Recognize My Chapter 7 Bankruptcy? – Alice

            Sierra Exif JPEG

            “Dear Steve, Just filed chapter 7 bankruptcy after years of struggling and I have 2 internet tribal loans. I currently have 2 internet loans – Great Plains & Plain Green. I have had multiple instances of these loans over the last couple years & paid all of them back in full & on time. And I have been paying on ... Read More »

              Will I Be Able to Open Another Bank Account Because of My Bankruptcy? – Mary

              Woman in home office with computer and paperwork frowning

              “Dear Steve, I’m in the process of filing BK. I owe another bank money in overdraft fees and my present bank’s credit card is included, so I need to close that account also. I am not able to open an account at a regular bank becuz there part of a pay chex system in which the bank I owe money ... Read More »

                My Major Depressive Disorder Let Me to a Lot of Private Student Loans I Can’t Afford. – Satasia

                anxiety

                “Dear Steve, The past three years have been difficult for me; I was diagnosed with major depressive disorder after a depressive episode that made me unable to attend school or work. Subsequent attempts to return to school were unsuccessful, as were attempts to treat my illness– I would start a semester hopeful, but sooner or later my illness would catch ... Read More »

                  Our Chapter 13 Bankruptcy Has Been a Nightmare. – Holly

                  path

                  “Dear Steve, My husband and I are in the middle of a Chapter 13 bankruptcy that has been a disaster from the very beginning. We were told we could only file 13 because of an appraisal on our house, a piece of property we were left from an inheritance along with several other family members (that we don’t want but ... Read More »

                    My Student Loan Debt Collector Won’t Listen to What I Can Afford to Pay

                    terrifying man

                    “Dear Steve, – I graduated college in 2009 after using what seems to be 5 different loan companies; sallie mae, chase, AES and two I can’t even remember. I have spent the last few years digging myself out of credit card debt holes due to not finding a job for almost a year after graduation. All my credit cards are ... Read More »

                      My High Income Ex-Husband Refuses to Pay What He Owes. – Jill

                      Super Hero - Female

                      “Dear Steve, My ex husband left my three children and me. Before he left he stockpiled marital assets offshore and borrowed off of our home until it was underwater. He claimed he no longer wanted to be a husband or father and signed custody over to me. Our children are 17, 15 and 13. He has not seen them in ... Read More »

                        The Bible Says We Should Owe Nothing. We Pray and Cry About Our Debt All the Time. – Heather

                        make better choices

                        “Dear Steve, Me and my husband have about 10 credit cards they are in collections we have 2 that are current and the car is current we need help I can only find part time work and my husband only has a part time job he goes to college to get a better job to support us his 4 year ... Read More »

                          Should I Pay Off My House or My Student Loans First? – Kem

                          fear

                          “Dear Steve, I am finally in a place in my life where I am earning enough money to pay my bills and have a little left over. After buckling down and sacrificing (and selling) a lot, the only debt I have left, besides my mortgage, is my student loan which stands at a little over $100k at about 5% interest. ... Read More »

                            How Should I Spend My Windfall? – Marie

                            process

                            “Dear Steve, No car payments, less than $8,000 in credit card debt and only one mortgage (at 6.5% interest rate). I will be receiving a lump sum of money at the end of July or first part of August in the sum of over $75,000. First car runs great and is 2009 model, second car is a 2000 model and ... Read More »

                              My Shopping Addiction is Being Treated But My Husband Says I Need Credit Counseling. – Mary

                              needy

                              “Dear Steve, I make $38000 per year, my position is “live-in” so I have no rent/mortgage nor utilities to pay, only my cellphone. I have about $15000 worth of credit card debt. I was close to being maxed out on most of them but never missed a payment (minimums) & always had money left over to shop online with after ... Read More »

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