Get Out Of Debt Guy Show

This story caught my attention and the ability to attend any state college or university and get free child care is a major policy change that can help lift people up without going into massive debt. For people that are looking to have a chance at a better future by attending vocational training, technical schools, or higher education, this state might be your new home. Child care is so expensive and a roadblock for many people trying to make the leap from welfare to work. State-paid childcare can help many working families get ahead.  If you have a question or comment you would like to include in an upcoming podcast, you can leave your message here. Steve Rhode - Your Get Out of Debt Guy. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Vickie wrote to me about her experience with ClearOne Advantage. She was concerned she had made a mistake with ClearOne Advantage and they had let her down.  Debt situations are complicated, and so much can influence how we deal with our debts. Part of the hidden influencers might be logic, but in Vickie's case, part of the decision-making process was stress, fear, and shame. I'd love to hear what you think Vickie should do after listening to her question. You can record and share your response at GetOutOfDebt.org/message. In this podcast, I share some points Vickie should consider when thinking about how to tackle her situation at this point.  Steve Rhode - Get Out of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Michelle wrote to me at GetOutOfDebt.org with a difficult financial situation. She had used all of her available cash to purchase a house to fix and sell and then was hit with COVID. After being in the hospital for six weeks and not getting paid, her finances are crumbling and she is looking for solutions. Steve Rhode - Get Out of Debt Guy - GetOutOfDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

The ability for people to make the jump from public benefits to living without the need for benefits is much more complicated than the average person realizes. In this podcast, Damon Day and I talk about the hurdles people face. We also divulge the actual demographic profile of the person most like to commit benefit fraud. The answer will surprise you. Steve Rhode - Get Out of Debt Guy - GetOutOfDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Well, the lessons have been learned about being a crypto trading whiz. I talk about what I learned and have come to conclude. I also answer CM's question about IADT for-profit student loan forgiveness options, and how creditors now have to be able to support automated credit denials. Steve Rhode - Your Get Out of Debt Guy - GetOutOfDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Tina wanted to know if she should deal with her debt using debt settlement or bankruptcy.  It is interesting how a seemingly simple question can have a complicated answer. I decided to make your question the subject of a Debt Free Dudes podcast with Damon Day. Damon and I role-play what a lot of debt relief salespeople might say to you when you can for advice. This podcast contains examples of what you might hear from credit counseling, debt settlement, consolidation loan offers, and bankruptcy. Steve Rhode - Your Get Out of Debt Guy from GetOutOfDebt.org. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Ryan wrote to me through my site at GetOutOfDebt.org. He wanted to know what he could do to get his AMEX cards back. He said, "I've been an Amex customer for ten years and have five accounts. I spend over $1M each year, closer to $2M on average, and out of the blue, all accounts closed. No missed payments or anything like that. I pay the balances in full each month." In this podcast, I give Ryan facts about why this happened and what he can do about it. Steve Rhode - Your Get Out Of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Arianna wrote to me through my website at GetOutOfDebt.org and said she was living on disability income. She wanted to know if the nonprofit credit counseling group American Consumer Credit Counseling was a reputable company to go with to deal with her debt since she was struggling to make minimum payments only. In this podcast, I give Arianna a lot to think about and consider. She might not have to repay her creditors at all.  Her situation is an interesting look at how multifaceted debt problems can be. What would you do in Arianna's situation? --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

A recent reader question dragged me down a long dark tunnel to research if you can have your federal student loans forgiven if you are in jail. You can read my full post here. The technical answer is it appears some people can have their loans written off. But there is so much more to this than you can even imagine assuming. Listen to this podcast to be amazed by this impossible program. Steve Rhode - Your Get Out of Debt Guy - GetOutOfDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

This time Damon Day and Steve talk about debt settlement. Or at least that's what the podcast was supposed to focus on. It didn't take long before it ran off the rails. But the show covers: What is debt settlement? What debt settlement is not. Is debt settlement always the best solution? Does debt settlement impact my credit? What are the facts about debt settlement? How do my debts get settled? Do creditors participate in debt settlement programs? What will my debt settlement payment be? Why debt settlement is like jumping out of an airplane. Does a debt settlement salesperson consider my financial situation? What is the debt settlement representative really doing when I call? Who decides if debt settlement is right for me? What should you consider to solve your money troubles? How can someone in debt make a smart and intelligent decision about how to deal with their debt? What happens when you call a debt settlement company, credit counseling group, and a bankruptcy attorney? W

The topic of if student loans should be forgiven is a hot topic right now. On one side people are demanding some level of forgiveness. On the other side, student loan forgiveness should not happen because it is not fair to truck drivers. But what is the truth? In this Debt Free Dudes podcast, Damon Day ( DamonDay.com ) and Steve Rhode ( GetOutOfDebt.org ) talk about the real issues surrounding student loan debt and why the positions most have are nonsensical and won't fix the real problems. In this podcast, we talk about real solutions to student loan debt and what should really be done to make the future better for the next generation of students that might take out loans to pay for higher education. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

No question has been asked more often over my decades of helping people with money, credit, and debt issues than is it is better to rent or buy. The best answer to that question is yes because arguments can be made on both sides of that issue. So, let's talk about it and help you to see the situation in a way you might not have before. In this podcast, I talk about the Money Personality test on my site. Here is the link. If you have money, credit, or debt questions you'd like to ask, drop by GetOutOfDebt.org and ask me for free. Steve Rhode - Your Get Out of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Alan asked me a question at GetOutOfDebt.org about how much his credit card balances should be and what percentage he should maintain to improve his credit score.  Alan made some moves that seemed like commonsense but the reality is those assumed smart moves actually hurt his credit score. On this podcast, I also answer Alan's question and give you some tips on how to aim for the best credit score available. Steve Rhode - Your Get Out of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Today, my concern for your finances is over credit card balances and interest rates rising. People are not prepared for what is coming, and I want you to be ready. The latest figures are out from the Federal Reserve report on consumer credit. The G19 information looks at what types of debts are rising and which are falling. If you have a credit or debt question you'd like to ask, visit me at GetOutOfDebt.org. Steve --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Julie dropped by GetOutOfDebt.org and left me a question about consolidating private student loans. So before just leaping at advertising offers arriving in your mailbox, here are some points to consider. Be an intelligent consumer because otherwise, it can cost you a lot of wasted money. But you can save money and lower the cost of consolidating your private student loans with these simple tips. Visit me at GetOutOfDebt.org and ask me your credit or debt question just like Julie did. I'm here to help. Steve --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Over on the Debt Free Dudes podcast, Damon Day and I talk about the confusion, complexities, and misinformation about the announcements that Navient forgiveness of student loans. There are so many important details the headlines can't give you. Debtors will be confused and may wind up angry if they think some or all of their student loans are going to be forgiven as the result of the settlement I wrote about at https://getoutofdebt.org/167223/ In this podcast, Damon and I talk about how confusing this process has been and why many Navient student loan debtors will not turn out to be winners. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Company Illegally Charged Consumers for Credit Advice, Filed False ID Theft Reports, and Pitched Them on Fake Business Opportunity. You can read the full post and download the lawsuit and restraining order by visiting the original post at https://getoutofdebt.org/168047/ This Federal Trade Commission suit is yet another example of how consumers can be the victims of illegal services promising to improve credit using dubious techniques. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Well, federal student loans have been put on hold until January 31, 2022, and while that sounds like a fantastic way to deal with people struggling to pay student loans, it has good points and some not-so-great features. In this podcast, Damon Day and I talk about how not all "federal" student loans are included and the new Republican no-interest student loan act put forward in Congress. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

There is so much misinformation floating about when it comes to dealing with debt. Far too many people tell you bankruptcy is a last resort or you should avoid bankruptcy. But here is the ironic thing, that is often the worst advice possible. In this podcast, Damon Day and I talk about bankruptcy, myths and assumptions about bankruptcy, and how to deal with the debt collector if you fall behind on payments. The big lesson here is not to believe everything you think but to do your homework and find out what the facts are so you can make the best decision for yourself or a friend that is facing money troubles. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

The issue today is that there seem to be so many conflicting stories and so much misinformation about student loans, people have become frustrated. Student loans are a major problem for most of our listeners and the nation. Not only are they unaffordable but they are also dragging down all consumers with higher prices, and they have created a large number of borrowers who have no choice but to stay in limbo, not knowing whether to pay their loans or how to do so when penalties and other roadblocks are built into the system. People just want to know how they can know what their options are without being scammed or sold something. Let's dive right in. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message