Get Out of Debt Guy | Smart Debt Solutions for Your Financial Freedom

A Listener’s Drowning in Debt at 71—Here’s What I Told Him


Listen Later

In this episode of the Get Out of Debt Guy podcast, I answer a powerful listener question from a 71-year-old semi-retired filmmaker who’s buried in $30,000 of credit card debt. After losing income from DVD sales, he’s now fielding calls from debt relief companies offering to settle or consolidate his debt—but something doesn’t feel right.

We talk about how to spot red flags in the debt relief industry, including fake law firm branding, misleading promises, and manipulated review sites like Trustpilot. If you're wondering whether you can trust a company to handle your debt—or if you’ve been targeted by companies offering to "erase your debt" with no mention of the risks—you'll want to hear this.

I share the key questions to ask before signing up for any debt solution, especially if you’re a senior on a fixed income. I also point you to my free resource, The Ultimate Consumer Guide to Checking Out a Debt Relief Company, and explain why sometimes the right path isn’t the most advertised one.

This episode covers:

  • How debt settlement companies often market to seniors in financial crisis

  • What those five-star reviews really mean (and how to spot fake patterns)

  • Why declining income years demand a different financial strategy

  • What options are actually available when you're over 70 and deep in debt

  • Who I personally trust to help people find the right solution for them

👉 If this hits close to home—or you know someone who’s falling behind—share this episode and visit GetOutOfDebt.org/podcast to submit your own question.

...more
View all episodesView all episodes
Download on the App Store

Get Out of Debt Guy | Smart Debt Solutions for Your Financial FreedomBy Steve Rhode

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

23 ratings


More shows like Get Out of Debt Guy | Smart Debt Solutions for Your Financial Freedom

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

38,769 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,167 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,583 Listeners

Debt Free in 30 by Doug Hoyes

Debt Free in 30

70 Listeners

NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

NerdWallet's Smart Money Podcast

750 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,054 Listeners

The Rachel Cruze Show by Ramsey Network

The Rachel Cruze Show

3,745 Listeners

Get the Hell Out of Debt by Cloud10

Get the Hell Out of Debt

225 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,360 Listeners

The Table with Anthony ONeal by The Neatness Network

The Table with Anthony ONeal

2,032 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,636 Listeners

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans by Vanessa and Shana | Budget Besties | Bougie On A Budget | Dave Ramsey Fans

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

235 Listeners

Inspired Budget by Allison Baggerly

Inspired Budget

300 Listeners

Smart Money Happy Hour with Rachel Cruze and George Kamel by Ramsey Network

Smart Money Happy Hour with Rachel Cruze and George Kamel

3,134 Listeners

Budget Effect: How to Budget, How to Pay off Debt, Save Money, Live on a Budget, Improve your Money Mindset on a single income by Erin Britt | Budget Strategy Coach

Budget Effect: How to Budget, How to Pay off Debt, Save Money, Live on a Budget, Improve your Money Mindset on a single income

55 Listeners