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Ask The Get Out of Debt Experts

My Mother Took Advantage of My Credit When I Was 21. – Kiera

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“Dear Steve, 4 years ago my mother decided to buy a house, her credit would not allow her to purchase the house. She was recommended by the realtor to try someone else, her kids. I was asked. I declined. The realtor encouraged me to do this and stated in 6 mos it would be placed in my mother’s name. I ... Read More »

    Should I Be Paying Myself First?

    “Dear Paul, Can I run my vanguard index fund assett allocation by you? Also planning to move and buy a more expensive home and would love some guidance there. So, I’m still sort of polishing up the exact percentages, but contributing roughly $4-5k each month approaching $250k total in our Vanguard taxable investment account this year and $50k in the ... Read More »

      I Want to Avoid Bankruptcy for Fear of a Background Check? – Monse

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      My business failed after 17 years. I Will not bore you with the details. This was my family main source of income. I guaranteed all business loans for the business including two SBA loans. I have just received a Summons from AMEX for one of the accounts, expecting several others to follow, as I am unable to make payments (any) ... Read More »

        Negatives on Credit Report from Student Loans

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        I have negatives on my credit report (CR) from two types of debt. Nine of the negatives are from student loans that I thought were in deferment but where not. Once I found out I made a payment to bring the loans current and now currently in deferment. The other negative is from cancellation of credit card debt. All the ... Read More »

          Can I Get My Dubai Debts Forgiven Now That I’m in India and Divorced? – Sheeba

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          Dear Sir, This is Sheeba. I lived in Dubai from April 2007 till November 2008. I have pending loans and credits in Dubai. Briefly, these loans and credits were forced by my husband for his personal use. He promised to clear it saying he wanted to start a business in Dubai. He could not apply himself as he wasn’t eligible ... Read More »

            Our Budget is Sound But We Have Nothing Left to Pay Off Debt! – Sarah

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            Dear Steve, So debt is my problem…I have read up to the chapter in your book where I can begin to creating action plans…I created my budget…here’s my situation…my husband and I have incured about 24,000 in credit card debt (he was laid off for about two years before regaining full time permanent employment — in our very misguided world…we ... Read More »

              I Want to Get Rid of PMI But the Bank Wants an Appraisal. – Jody

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              I would like to get rid of my PMI, I have paid almost 22% of my original loan value and now the bank is telling me that it can not be removed unless I pay $135 to have a broker come and appraise my home or I have to wait until the antipated date of 10/2014 of when the bank ... Read More »

                My Son Fraudulently Signed My Name to His Student Loans. – Bob


                My son whom has been rehabbing from a drug addiction, signed my name to 80k of school debt, did not finish school yet but is working hard to get his life on track . The lenders are hounding me now for this money . He is telling me to contact them and tell them he has committed fraud, However as ... Read More »

                  Pay Day Loan Consolidation Advice


                  I have several pay day loans and would like to know who I can go about consolidating them into one lower monthly payment. Anne The Answer Dear Anne, There are good options for unsecured debt consolidation through and I’ve recommended those companies to people in the past and people seem to be happy with either of those companies. ... Read More »

                    I Filed Bankruptcy Myself But Not Clear if My Student Loans Were Discharged? – Michael

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                    I was discharged through chapter 7 in Oct. 2011. I have two loans in question. One from Wells Fargo and one with the University of California, Davis. I want to know if either were discharged. The loan from UC Davis was issued from the University. They deposited money into my account after I submitted an application for a short term ... Read More »

                      Steve Rhode Who The F..K Are You to Say Anything. Stop Giving Advice

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                      “Dear Steve, Steve is not licensed in anyway to give financial advise so im not sure what makes him think he can do so. Steve, stop talking s..t on companies and corporations who are trying to help people, yes some companies are not legitimate but who the f..k are you to say anything. Stop giving advise about things you have ... Read More »

                        Why Are Some People Unsuccessful When Getting Out of Debt? – Denise

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                        Steve, From the work that you have done helping people, I’m sure there are some people that are unsuccessful. What are the biggest reasons, in your opinion, that people are unsuccessful. Thanks, Denise The Answer Dear Denise, That is an excellent question. There isn’t one answer but a series of issues that lead people to not achieve the results they ... Read More »

                          My College Won’t Release My Transcript Because They Claim I Owe Them Money. – Reshene

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                          My college won’t release my transcript or transfer my credits to a community college because they claim i owe them $950. This is untrue because I paid for semester that i did not get to attend because i was on sick leave and i was turned down for more student loans and couldn’t get a cosigner. So my school ask ... Read More »

                            Accredited Debt Relief and InCharge Debt Solutions Advice Needed. Should I Go With Them? – Ashley

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                            I read your article about incharge and accredited debt relief and i acutally have a time set up to speck with a guy named Ted at accredited. Can i send you a copy of the terms and see what you think. My husband and i are trying to determine if we should use them or do this on our own. ... Read More »

                              Can I Accept Responsibility and Pay Off My Debts Without My Husband’s Assistance? – Debt

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                              I am 47 years old with credit card debts totally about 15K and Student Loans in excess of 30K. I married my husband 2 years ago in order to provide health insurance for him and his son due to employment changes. Shortly after our marriage, my employer decided to close the doors where I was working – leaving me with ... Read More »

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