Latest Posts

The Latest

How Can I Live and Repay My Student Loan Debt? – Ben

Desperate

“Dear Steve, I’ve been reading through your blog articles for a few nights now. Yet, I find myself falling outside the range of your advice so far. If you have to time, I would love to pick your brain about my debt situation. CreditKarma notes I have $123,000 in student loan debt, with a credit score of 590. I have ... Read More »

    2013 Nationwide Debt Reduction Plan Mailer is for Debt and Student Loans

    debt reduction mailer

    As part of my I Buy Junk Mail program I received the following mailer that appears to be for an advanced fee debt settlement program called the 2013 Nationwide Debt Reduction Plan. The outside of the mailer looks like an official self mailer and has the familiar postal permit 1297 from Sacramento, California. The inside of the mailer appears to ... Read More »

      Can I ConsolidateAll My Student Loans Into a Federal Consolidation Loan? – Jules

      Debtstar

      “Dear Steve, I am at the very end of the grace period since I graduated, and will owe a total of $47,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized). The Direct loans are being serviced by Great Lakes, and until I call them I don’t know what the payment(s). The Stafford loans ... Read More »

        QuiBids – Consumer Complaint – November 30, 2013

        customer service feedback

        Consumer Statement: Quibids is deceptive in opening account without providing up front information as majority of legitimate business practice such as $60 automatic fee. After reviewing a national news report regarding Quibids, I decided to look into their service. In order to do so, you are requested information including your bank account without clear statement or information, stating your are ... Read More »

          Student Loan Assistance Center Marketing Mailer – I Buy Junk Mail

          Student Loan Assistance Center

          Susan sent in the following mailer to me from a generic sounding company, Student Loan Assistance Center. She also noticed the letter had the same Judy Pratt signature as other debt relief mailers have. The last one I covered was from the Debt Reduction Department. Click here. For those who may not know, I Buy Junk Mail so be sure ... Read More »

            You Can Find Happiness Even Being in Debt

            Be grateful for the simple and small things in life.

            Being in debt seems to have no limit on the amount of sad things that can happen or be felt. But what is most unfortunate is to watch people stuck in depression and hopelessness which only serves to drag them down even more. Problem debt is most unfortunate, that’s a fact. But it does not have to control or run ... Read More »

              123Settlement – Consumer Complaint – November 29, 2013

              customer service feedback

              Consumer Statement: On 4/12/13, I contracted with 123settlement.com to assist with settling payday loan debt. I paid $201 per month from April thru August per the service agreement. My original credit counselor was Tiffany Smith with whom I corresponded with via email several times and retained all email correspondence. The last email correspondence between us was 9/23/13. After sending her ... Read More »

                Canada Pushes Back on Debt Settlement With New Regulations

                canada

                In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

                  I Went to LSU Shreveport in 1990 and Still Paying Student Loans. – Julie

                  student loan default

                  “Dear Steve, I took out a student loan in 1990 at LSU-S in shreveport, LA in order for me to finish my degree. I had left an abusive husband and had been a stay at home mom. I needed that amount for living expenses so I could graduate sooner in order to take care of my children financially. Twenty years ... Read More »

                    My Parents Cosigned for My Private Student Loans I Can’t Afford. – Sarah

                    stressed-woman

                    “Dear Steve, Graduated in 2012 with a Bachelors degree in Fine Arts (sculpture). Have about $70k in private loan debt. Went into forbearance, still did not find an alternative in that time. Have looked into and applied for consolidation WITHOUT cosigners, denied. I am curious as to whether or not there are other options available. My payments are over $700/month, ... Read More »

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