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Home > Author Archives: Steve Rhode (page 90)

Author Archives: Steve Rhode

Maybe You Should Not Go to College

Praying

I hear all the arguments about the value of a college education. And I agree with much of that. But the fact is not everyone who goes to college and takes on student loan debt graduates or even graduates into a field that pays enough to service the student loan debt. In fact 75 percent of people with student loan ... Read More »

    Should I Use My Retirement Money to Pay Off My Student Loans? – Cynthia

    process

    “Dear Steve, I would like to know if I would be better off paying off student loans with a retirement plan disbursement from former employer I have about $26,000 in SallieMae student loans. I will be receiving a disbursement from a former employer for Profit Sharing and Money Purchase plans. I want to know if I would be better off ... Read More »

      6 Ways to Not Be a Broke Ass American After Kicking Your Debt

      retirement Paul Revere

      I spend almost all of my time focused on helping people to get out of debt. But today I wanted to take a moment and focus on what to do once that crisis has passed and I’ve added a new section about life after debt to my free guides on dealing with debt. Let’s talk about the power and necessity ... Read More »

        Is the Legal Advocate Network a Mortgage Modification Scam? – Bobbie

        Black Leather Flogging Whip and money on white background. Not i

        “Dear Steve, I was looking into a mortgage modification and my mortgage company said they can’t do one for us. I received information for a mortgage modification from Legal Advocate Network. I can’t find any info on them and their web site has not address. When I called them all they would tell me is that they are in Orange ... Read More »

          How to Pay Off a Shitload of Credit Card Debt

          happy woman in wheelchair outdoors beach showing victory sign

          How to Pay Off A Mountain of Credit Card Debt (via Credit.com) Credit card debt is a big problem in America today. One recent study found that 1 in 4 people have more credit card debt than savings. Households with credit card debt on average have about $15,000 in debt, and that makes it incredibly hard to make ends meet ... Read More »

            I Can’t Afford My UK IVA Payments and Go to Bed Hungry. – Paulette

            hunger

            “Dear Steve, I am currently on IVA debt management plan. At the moment am unemployed. Struggling to pay my plan. Am a single mother of four children. This is surpose to take five years to be written off or get out of the debt. I am not coping with it. some days we go to bed hungry. Is there a ... Read More »

              Foreclosure Rescue Scammers Plead Guilty to Fraud

              White Collar Criminal

              The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that Mark S. Farhood, 49, formerly of San Diego, Calif., and Jason S. Sant, 37, of Lecanto, Fla., pleaded guilty on Friday to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home ... Read More »

                I Have an Old Credit Card on My Credit Report. Will It Go Away? – Julie

                goodbye

                “Dear Steve, There is a credit card debt on my credit report that is more than 10 years old. I can’t get any questions answered or removed from my credit report. I’m in California. How long is the debt collectable? What is the statute of limitation on collecting the debt? What can I do to get it removed? Julie” Dear ... Read More »

                  Dealing With Debt Demands Action

                  change7

                  I think this really sums up how we all feel when living with debt and needing to take action. Read More »

                    The Lender Agreed to a Short Sale But Nobody Wants to Buy It. – Hal

                    Decision time

                    “Dear Steve, We have a underwater mortgage that is approximately $100,000 in excess of the value of our home. We have been trying to get the principal reduced and now have the offer listed in the “question’s section” We have underwater mortgage that was transferred from Bank of America to SPS and they have offered a “Short Payoff” in the ... Read More »

                      I Suggest Bankruptcy Too Often, So Say Some

                      process

                      I really do read all the comments, all the Twitter messages you send me and appreciate the feedback. Over time a common statement I get is about my recommendations is that people think I suggest bankruptcy too often. For more information on this topic, please see all the links in my free guide about how to deal with debt. So ... Read More »

                        When Does the Statute of Limitations End on My Foreclosed Mortgage? – George

                        time and money

                        “Dear Steve, I’m resident of CA (only live in CA), but I had a property in AZ . I had purchase money deal 80/20 original loan. I had to refinance less in a year later because HOA had rules on backyards on the golf course (was not disclosures too me). So I had to refi my 2nd TD and I ... Read More »

                          What Happens if I Can’t Pay Back My Loan and Go to India? – Feroz

                          Lifestyle choices.

                          “Dear Steve, I’m living in the United Arab Emirates and I borrowed a Personal loan for 4 years but now I lost my job. I cannot pay my Personel loan. If I do not get another job and go to India. what will happen? Feroz” Dear Feroz, The United Arab Emirates is one of those countries that is still far ... Read More »

                            We’d Like to Cut Up Our Credit Cards and Start Over. – Terry

                            needy

                            “Dear Steve, I have $38000 in credit card debt, an $18000 2nd mortgage, a $134000 mortgage and a $520 per month car payment. My wife and I bring home $85,000/year. We pay our bills on time each month but have difficulty saving with life’s unexpected expenses, ie older vehicle repairs, medical expenses, etc. I would like to cut up credit ... Read More »

                              EFA Processing and Consumer Law Associates Named in CT Cease & Desist

                              kicked_in_the_nuts

                              EFA Processing, a Texas company, and Consumer Law Associates, a Maryland company, were named in a public notice by the State of Connecticut. The State Said: 1. EFA is a Texas limited partnership with its principal place of business at 7668 Warren Parkway, Suite 325, Frisco, Texas. 2. CLA is a Maryland limited liability company having its principal place of ... Read More »

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