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Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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Can You Go to Jail for Credit Card or Loan Debt? The Truth About Debt, Fear & Scams

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Manage episode 509119742 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Steve Rhode (the old Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) dig into one of the most common fears people have about money: “If I stop paying my credit cards or personal loans, can I go to jail?”

We separate fact from fiction, explain why debt misfortune isn’t fraud, and share the real consequences of missed payments. Damon introduces his “shoot the hostage” analogy about credit scores, Steve recalls stories from bankruptcy courts, and together they tackle the mental health toll of financial anxiety.

We also expose how scammers pretend to be law enforcement to trick people into sending money, and why fear is the number one weapon used by both shady collectors and fraudsters.

If you’ve ever lost sleep worrying about debt collectors, credit scores, or the fear of arrest, this episode will give you clarity — and a plan forward.

👉 Learn more at https://getoutofdebt.org

👉 Talk directly with Damon at https://damonday.com

  continue reading

207 episodes

Artwork
iconShare
 
Manage episode 509119742 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Steve Rhode (the old Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) dig into one of the most common fears people have about money: “If I stop paying my credit cards or personal loans, can I go to jail?”

We separate fact from fiction, explain why debt misfortune isn’t fraud, and share the real consequences of missed payments. Damon introduces his “shoot the hostage” analogy about credit scores, Steve recalls stories from bankruptcy courts, and together they tackle the mental health toll of financial anxiety.

We also expose how scammers pretend to be law enforcement to trick people into sending money, and why fear is the number one weapon used by both shady collectors and fraudsters.

If you’ve ever lost sleep worrying about debt collectors, credit scores, or the fear of arrest, this episode will give you clarity — and a plan forward.

👉 Learn more at https://getoutofdebt.org

👉 Talk directly with Damon at https://damonday.com

  continue reading

207 episodes

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