Get Out of Debt Guy
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© Steve Rhode
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Credit, debt, and money answers from the Get Out of Debt Guy, Steve Rhode. If you want to know the latest news from inside the debt relief industry or have a question about getting out of debt, this is the show for you.
126 Episodes
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If you want to see someone instantly disagree with you, tell them that people that file bankruptcy do better financially than people who don't and struggle.
When people face unexpected money troubles, it is just math wrapped in emotion. The underlying facts are not judgmental. And the math doesn't make assumptions or believe common myths.
Let's talk about it.
In this episode, I answer a couple of reader questions with some interesting issues. The first involves what looks like a duplicate 1099-C tax form for forgiven debt. The second is about an old bad debt that is still on the credit report.
If you'd like to ask me a question, just visit https://GetOutOfDebt.org and click the ask a question link at the top.
You might have heard about a new presidential executive order that was signed recently that is supposed to put a halt to having payroll taxes taken out of your paycheck. But there is some important information to know before you get all excited about this and fall for it.
Bob wrote to me with his second round of medical debt and wanted to know if a loan or some debt resolution program would be a good idea. My answer is probably going to surprise Bob.
We are potentially on the backside of consumer protections from the pandemic. One of these protections was to put evictions on hold while people were struggling to make rent payments. Unless Congress or individual states extend the protections, waves of evictions are possible. ProPublica had a very informative article out on this subject that I wanted to share with you.
Your Get Out of Debt Guy.
Steve Rhode
This week Damon Day and I produce another low rent show, this time about the recent information out from the Department of Education Inspector General. The report released found the Department of Education was doing a poor job keep federal student loan servicers in line. The report stated, "By not holding servicers accountable for instances of noncompliance with Federal loan servicing requirements, FSA did not provide servicers with an incentive to take actions to mitigate the risk of continued servicer noncompliance that could harm students." Shocker?
We then ramble into a conversation about the problems students at Argosy University are facing trying to figure out where their financial aid money is or went.
Finally we have a little chat about how the news of car loans defaulting isn't exactly what everyone thinks. Default rates are up, but not for everyone.
Do you have a question you'd like for us to answer? Leave your question on voicemail by calling 919-391-7976.
Dealing with financial problems is about more than just making a budget. This time Damon Day and I talk about how to make having fun affordable, traveling on the cheap with your own trailer, a few money-saving tips, and Damon tells us how he just got scammed on Craigslist. I'm not sure how we managed to turn the full recording into a podcast but we did. Some curse words included. - Steve Rhode - Get Out of Debt Guy - https://GetOutOfDebt.org Do you have a question you'd like for us to answer? Leave your question on voicemail by calling 919-391-7976.
Damon Day and I talk about what to do if you've received an offer in your mailbox for a debt consolidation loan. Not every offer turns out to be what you think it is.
We talk about questions to ask and what to do when you call the company to get a loan.
If you have a question you'd like to ask, visit me at GetOutOfDebt.org. If you'd like to see the video of us recording this show, visit https://GetOutOfDebt.org/118791/
Do you have a question you'd like for us to answer? Leave your question on voicemail by calling 919-391-7976.
This time my friend Damon Day and I talk quickly about several topics that made us scratch our heads this week. Here are the posts on my site that correspond with some of the stories we stumble through.
1. Chinese Smartphone App to Find Debtors
2. There Are No Solutions For Us to Get Out of Debt That We Can Afford
3. Government Workers Should Just Go Get Loans
4. The Gigantic Reader Question
If you have a question you'd like to ask, just click here.
If you'd like to subscribe to the podcast, check whatever app you are using to list and see if there is an option to do so.
Do you have a question you'd like for us to answer? Leave your question on voicemail by calling 919-391-7976.
Steve and Damon laugh and talk their way through some difficult debt topics and give you some great tips on avoiding heavy student loan debt and ways to hide from the debt collector when you need to escape for a bit. To ask Steve a question visit https://GetOutOfDebt.org or if you want to talk to Damon then visit https://DamonDay.com
Here is part 2 of what you need to know about why debit cards are a bad deal. Interestingly, people can't seem to wrap their heads around this information because they've heard it repeatedly.
All I can do is try to help educate.
Contact Damon Day for exceptional assistance if you have any concerns or debt questions.
In this episode of the Get Out of Debt podcast, we address the deceptive practices of debt settlement companies that mislead financially distressed individuals. We highlight a recent client case to illustrate ongoing bait-and-switch tactics and emphasize the importance of seeking genuine assistance from reputable professionals rather than commission-driven salespeople. By sharing personal experiences, we stress the need for consumers to fully understand their financial situations before committing to agreements. We caution listeners against offers that seem too good to be true, reminding them that authentic support is available in their journey towards financial relief.
You can reach Damon at DamonDay.com
In this episode of the Get Out of Debt podcast, we address the deceptive practices of debt settlement companies that mislead financially distressed individuals. We highlight a recent client case to illustrate ongoing bait-and-switch tactics and emphasize the importance of seeking genuine assistance from reputable professionals rather than commission-driven salespeople. By sharing personal experiences, we stress the need for consumers to fully understand their financial situations before committing to agreements. We caution listeners against offers that seem too good to be true, reminding them that authentic support is available in their journey towards financial relief.
You can reach Damon at DamonDay.com
Steve addresses the hidden risks of using debit cards, often perceived as a safe payment option. It highlights how debit cards create financial vulnerabilities through transaction and overdraft fees, benefiting banks at consumers’ expense. Specific scenarios reveal complications in transactions, such as gas station holds and car rentals, and contrast the weaker fraud protections of debit cards with those of credit cards. The discussion emphasizes the financial pitfalls of overdraft fees and the challenges of using debit cards while traveling. Ultimately, it advocates for the more responsible use of credit cards as a better financial tool for building credit and protecting against risks.
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In this episode, Damon Day and Steve Rhode, tackle the crucial question of what comes after achieving debt freedom. We clarify that being debt-free marks the beginning of a new financial chapter rather than the end. Our discussion includes personalized strategies for preventing backsliding into debt, the importance of setting actionable financial goals, and the necessity of starting an emergency fund early.
We explore practical savings strategies and emphasize the significance of retirement planning and maintaining a positive credit profile to access better financial opportunities. Finally, we warn against lifestyle inflation and highlight the need for structured financial planning to ensure sustained growth and security. This episode empowers listeners with insights to confidently navigate their post-debt financial journey.
In this video I tell the story of my personal journey focused on resilience, loss, and the importance of starting over. Key lessons include embracing humility during transitions, recognizing progress as incremental, and maintaining integrity in all roles. The discussion addresses how to overcome criticism and negativity by emphasizing compassion and constructive actions. Ultimately, we talk about true success is defined by the positive impact on others, reinforcing the ideals of perseverance and integrity in facing life's challenges.
In this episode, I delve into the intricate world of decision-making under pressure, sharing insights from my experience as a retired search and rescue pilot. You can find me here. I introduce the DECIDE model, a structured approach designed to streamline your choices in high-stress scenarios, allowing for clarity and focus. We explore each component of the model: Detect, Estimate, Choose, Identify, Do, and Evaluate, emphasizing their importance in overcoming decision paralysis.
Real-life examples illustrate how to utilize this model effectively, whether at work or in daily life. Additionally, I touch on potential psychological barriers that could affect decision-making, stressing the importance of seeking professional help if such challenges persist. Ultimately, I encourage listeners to cultivate their decision-making skills over time, just as pilots refine their abilities. Join me as we embark on a journey toward more confident and empowered decision-making.
Are online arguments and angry posts costing you more than you realize? In this video, I break down why your social media habits might be holding you back—affecting your career, reputation, and even your future opportunities. We’ll explore why certain people profit by stirring up online hate, how employers can monitor your online activity (even if you’re using a fake name), and most importantly, how to handle negativity with grace, humor, and strength.
Plus, I’ll share some practical steps to help you avoid reacting in anger and even a few jokes you can use to defuse tense situations online. Whether it’s you or someone you know who tends to get caught up in online drama, this is the one video you need to watch before your next social media rant.
You can easily subscribe here https://www.youtube.com/@oldguyinsights?sub_confirmation=1
Ever wonder why some people are so easily deceived? In this video, we break down the Proven Deception Formula—a simple yet powerful method used to mislead and manipulate. From historical examples like the Gleiwitz Incident to modern-day scams and misinformation, we’ll explore how deceptive tactics have been used throughout history and why they’re still effective today. You'll learn how emotions, repetition, and social proof can make falsehoods seem true, and discover practical tips to help you recognize and avoid falling for these tricks.
Don’t let yourself be fooled by misleading information! Join us as we uncover the secrets of the Deception Formula and teach you how to see through the lies. Whether it’s a get-rich-quick scheme or sensational news story, understanding these tactics will empower you to think critically and make informed decisions. Hit play and equip yourself with the knowledge to stay one step ahead of deception!
Subscribe to my Old Guy Insights YouTube channel.
In this podcast, I dive into the big question about YouTube monetization: Should YouTube creators focus on income or creating impactful content? Whether you’re a creator wondering how to balance passion with profit, or a viewer curious about the motivations behind your favorite channels, this video offers insights to help you reflect. I’ll explore how to make money on YouTube, the emotional conflict between impact vs. monetization, and provide you with questions to help clarify your true goals. Plus, I want to hear from YOU! Share your thoughts in the comments—are you more driven by making a difference or making money?
Want to watch the video? You can subscribe here to my Old Guy Insights channel.
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