Latest Posts

Military

Military Member On Duty Sent to Collection for Student Loans

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“Dear Steve, I am duty military and I was deployed overseas for about four years as a training instructor to foreign military. Before I went oversea I contacted Mohela and I was told that my loans would be deferred. To make a long story short that wasn’t the case my loans had defaulted without my knowledge. I contact Mohela and ... Read More »

Ex-Girlfriend Drove Credit Into Shit Hole. – Victoria

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“Dear Steve, My boyfriend is currently in the national guard, but he is home now, I have been dating him for a year and a half. Before I met him, he was stationed in Afghanistan for 13 months (around 2009-2010), while dating another girl. While he was overseas, the girlfriend he had at the time used all his military money ... Read More »

I’m in the Marines and Contemplating Suicide. Can I File Bankruptcy? – Larry

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“Dear Steve, Steve, I am a Master Sergeant in the Marine Corps and have made some mistakes w/ debt. I got 2 credit cards and 1 personal loan ($40K total) that my wife didn’t know about so I could gamble. Needless to say I lost a lot of money and when it was all said and done I was contemplating ... Read More »

My Husband Proudly Serves in the US Army But Has Student Loans

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“Dear Steve, My husband is in the US Army has been proudly servicing since 1998. He is considering retirement (he has prior service before 1988 which counts towards his 20 years). He has about $44,000 left of his student loans. His loans were consolidated since shortly after 1998 (his graduation from vet school). We don’t seem to be making a ... Read More »

Army Soldier Wants to Fix His Credit After a Messy Divorce

Meeting with Pusht-e Rod leadership

“Dear Steve, 26yr old Army soldier trying to fix credit after a messy divorce a few years back. I was deployed, she decided to leave, and stopped paying on just about everything that was in my name without my knowledge. Upon my return, I joined “freecreditreport.com” to continuously monitor my credit and my debts, and I contacted and paid and/or ... Read More »

I’ve Put My Gun in My Mouth Many Times to Deal With My Debt. – Matthew

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“Dear Steve, 37 years old, 2 kids 11 and 10. I served in Iraq. Suffering now with severe mental issues. I grew up abused and joined the Army at 21. I have gone to Iraq. Moments after leaving home my wife moved my kids across the country and filed for divorce. While serving in a combat zone I was going ... Read More »

I’m in the Military. Can I Settle My Federal Student Loans? – Tony

Military

“Dear Steve, Received 2 federal loans total of $10200 and now owe over $25000. I am military.. The loans have been in forbearance and deferment for ever it seems.. Married 3 kids to take care of plus my mom lives with me and my wife’s brother who has early on set Alzheimer’s. I owe a little over $25000 on my ... Read More »

Got Student Loans While on Active Duty in Army. I’ve Defaulted. – Justin

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“Dear Steve, 12 years of military service. 1 bad decision to get student loans while active duty. I have accrued some debt with student loans while on active duty and have defaulted because I am overseas and don’t have the info for the lenders and now Im afraid they are going to take my tax return when I have to ... Read More »

I’m in the Navy. How Can I Tackle Private Student Loans in Default. – Theresa

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“Dear Steve, I graduated from college in 2006 with a BA and then enlisted in the Navy. I have been in the service now for 6 and a half years. I have about $116,000 in private student loans that are in default. I don’t make enough money to take care of my living expenses and send money to my family ... Read More »

I Was in Marine Boot Camp When I Found Out About My Bad Capital One Debt. – Adam

Meeting with Pusht-e Rod leadership

“Dear Steve, Thank you for taking the time to read and answer my question. I’m currently dealing with old, bad debt I’m trying to pay off. I’ve been paying off accounts and also dealing with an identity theft situation where my social security was used unknowingly by a family member for their bills. At this time, I’m considering pressing charges ... Read More »

Retired From the Navy and Now Can’t Sleep Because of Our Debt. – Elio

Navy

“Dear Steve, I am so glad to have come across your website. I am presently in a situation for which I need help. I have recently retired from the Navy. Unfortunately my income has dropped by approximately 70% and my expenditures have increased, i.e. monthly co payment/deductibles for Health/Dental insurance. I thought I could manage all my obligations as soon ... Read More »

I’m an E-4 in the Navy and Broke. – Donek

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“Dear Steve, i am and E-4 in the USN. i have a credit card payment, car payment, and a personal loan from my bank all in all equaling about 500 a month. all this on top of my regular bills. all of this i can normally handle however with in the last 3 weeks we have been in 3 car ... Read More »

I’m in the Military Reserves. How Can I Get My Student Loans Forgiven? – Kolby

Meeting with Pusht-e Rod leadership

“Dear Steve, Military Member in the Reserves, Student loan forgiveness and lender credit freeze at a 6% interest rate How does the loan forgiveness work for military members? I have been in the Army Reserves for the past 2 years does the program apply to me? I was also wondering about the 6% interest freeze on debt for military members ... Read More »

Active Duty Deployed Military Member Needs to Deal With Debt to Retire. – Sawlin

Meeting with Pusht-e Rod leadership

“Dear Steve, Personal Loan : 9,000 (Paid all on 18/10/2012) Interest Outstanding : 41,000 Need Good Credit Record documents from the bank to process military retirement (will be retired on 06/01/2013) Credit Union at first agreed to process when the principal amount paid by after payment of the 9,000 (on 18/10/2012), the officer said its the bank policy to pay ... Read More »

Retiring Military With Big Debt. Should I Cash Out My IRA to Protect My Security Clearance? – Tim

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“Dear Steve, I am a retiring military officer with about 3200 in post tax income for retirement. This is enought to pay my mortgage and put food on the table. I also have a mass mutual whole life annuity for 250000 and my retirement check will have survivors benefit of half current payment. I am 40k in credit card debt, ... Read More »

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