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Debt Settlement

What Is Debt Settlement?

Simple. Thrifty. Living. | Posted 02.01.2017 | Business
Simple. Thrifty. Living.

In the midst of the season it's easy to forget how expensive it can be, but when January rolls around, credit card bills are there to remind you.

The Death of the Traditional Debt Relief Industry for Now

Steve Rhode | Posted 11.16.2016 | Business
Steve Rhode

Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services.

Another Debt Relief Mailer to Watch for

Steve Rhode | Posted 10.20.2016 | Money
Steve Rhode

Mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. These mailers are problematic in my opinion because they state benefits without much information to fill people in about what is going on.

Stop Caring About Your Credit and Start Caring About Your Financial Health

Kevin Yu | Posted 08.25.2016 | Money
Kevin Yu

As I regularly scour the web on a bunch of personal finance blogs, I come across way too many "how to improve your credit" types of articles. When you have good financial habits, your credit score will improve. Good financial habits will guarantee a good credit score.

How Do I Get My Money Back from Morgan Drexen?

Steve Rhode | Posted 08.05.2016 | Business
Steve Rhode

For debts that were not settled, you will need to consider other options. Morgan Drexen is not in business and cannot settle these debts. You can negotiate directly with creditors, begin making payments, or consider other options such as bankruptcy.

Hiring Guru: Nationwide Debt Direct Hires for Service

David Jensen | Posted 06.30.2016 | Business
David Jensen

Jeffrey DeLage is Chief Operating Officer of Nationwide Debt Direct. They start the process of caring for consumers with the hiring process.

Is A Debt Settlement Worth It?

Simple. Thrifty. Living. | Posted 10.11.2016 | Business
Simple. Thrifty. Living.

Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here's what you need to know to determine whether debt settlement is right for you.

Will Your Kids Inherit Your Debt?

Jason Alderman | Posted 11.03.2014 | Money
Jason Alderman

The short answer is, not in most cases. But there are situations where someone could be legally responsible for paying off your bills after death. Plus, aggressive creditors have been known to coerce heirs into paying off debts for which they're not responsible, just to be left alone.

How Can I Settle My Federal Student Loan for Less?

Steve Rhode | Posted 10.15.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I owe about $55K in student loan debt. I am interested in doing a lump sum pay off at a discounted r...

Do Debt Relief Companies Violate the Fair Debt Collections Practices Act?

Steve Rhode | Posted 05.25.2014 | Money
Steve Rhode

For some time the esoteric argument of debt relief companies putting debt outside the statute of limitations in a credit counseling or debt settlement...

How to Settle Your Credit Card Debt (in 6 Steps)

Tiffany Aliche | Posted 03.17.2014 | Black Voices
Tiffany Aliche

I get this question a lot, a WHOLE lot: 'Tiffany, how do I settle my credit card debt?' If you have credit card debt and you want to settle it (pay less than what is owed), here's how...

I Want to Settle My Old Debt. - Kyle

Steve Rhode | Posted 08.12.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I am attempting to settle old debt past the statute of limitations. I have debt that is nearly 7 years ...

Who Can I Trust When Getting Out of Debt?

Steve Rhode | Posted 08.04.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I'm a 30 year financial sales guy. Made lots of money in the 90's only to give it all to ex wife in di...

My Student Loan Debt is More Than 20 Years Old

Steve Rhode | Posted 11.08.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I have an awwwwful lot of student loan debt following me from college. Unfortunately I have not been abl...

I Got a Debt Settlement Offer on My Private Student Loan

Steve Rhode | Posted 07.28.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, My private student loan went into default after a period of unemployment. I have filed chapter 7 bankr...

Is Debt Settlement Possible for Hospital Bills I Could Not Afford?

Steve Rhode | Posted 07.28.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, One of my children experienced a medical condition in the fall of 2012 that required hospitalization. ...

When It Comes to Getting Out of Debt, People Are Stupid

Steve Rhode | Posted 07.13.2013 | Business
Steve Rhode

All day, almost every single day, I help people with good debt advice so they can find good solutions for their bad debt troubles. Without a doubt on...

Debt Settlement Company Leader and Employees Facing Jail Time

Steve Rhode | Posted 07.08.2013 | Business
Steve Rhode

Yesterday the Manhattan U.S. Attorney took steps to criminally charge the leader and employees of a debt settlement company for harming consumers that...

How to Get Out of Debt. The Real Truth.

Steve Rhode | Posted 07.06.2013 | Business
Steve Rhode

People ask me questions every single day about how to get out of debt. Problem debt is a chronic problem that faces many at any one time. If you are f...

A Law Firm is Suggesting I Have to Hire Them to Settle My Debt.

Steve Rhode | Posted 07.02.2013 | Business
Steve Rhode

Dear Steve, I received settlement offers from my creditors. How do I ensure that they do not sell my account to another party for collections after receiving the settlement?

I Have Two Bank of America Debts I Want to Pay But Can't Find. - Vivian

Steve Rhode | Posted 07.02.2013 | Business
Steve Rhode

Dear Steve, My husband became disabled while in the middle of a major addition and remodel of our house. He was a carpenter and was doing all the work.

The Debt Collector Lied I Could Settle My Private Student Loan Debt

Steve Rhode | Posted 06.26.2013 | Business
Steve Rhode

Applying logic or assumptions to a corporate policy is never going to work. The agents are limited by the policies and procedures in place at the time of the event.

Strange Bedfellows: Occupy Wall Street and the Bill Collector!

Jerry Ashton | Posted 11.14.2012 | Business
Jerry Ashton

OWS is certainly muscling (buying?) its way in, but with a "business" model that collection agencies and debt buyers would not have entertained in a lifetime.

Catherine New

This Is Best Way Out Of Debt | Catherine New | Posted 08.16.2012 | Money

Forget the interest rate. To get out of the red, pay down your smallest debt first. Killing a smaller balance and shuttering the account offers a grea...

How to Get Out of Debt in Three Big Steps, get out of debt, how to get out of debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

The secret to overcoming debt for a lifetime is to take what you can learn from your current situation and apply it moving forward. There's no sense wasting a perfectly good mistake.