Question: Dear Steve, Did deed in lieu before I realized class action was happening. I deed a did in lieu. I could not afford an attorney, and I was not getting anywhere with the lender on my own. I found out class action was filed against my lender. They foreclosed on many people, and none … Read more
Question: Dear Steve, I own a vehicle with a loan held by American Credit Acceptance, LLC. I live in South Carolina, and my vehicle currently has repossession orders. Please let me know if there is any way that I can link my vehicle to these lawsuits, have it paid off and the delinquencies removed from … Read more
Consumer Statement: Attached are your financial disclosure and 3rd party authorization so we can begin work. Please sign and date each doc with an ink pen. Do not sign electronically. Here’s exactly what we need: On attachment FinDisc-ToSign.pdf – sign/date page 2 On attachment DOE3rd-ToSign – sign/date page 1 Please scan/email OR fax back to … Read more
I just saw a Houston Texas TV story about Heather Sullivan, an elderly 70 years old woman involved with a nonprofit debt management company, Money Management International. She paid $63,000 over the last five years with their help to get out of debt. While this may sound all fine and good on the surface, I … Read more
When we go on vacation, most of us sleep late, basking in the luxury of rising in the morning whenever we wish. Then our vacation ends, and we have to set our alarm clock again. And we find it damned difficult to pop out of bed at 6 AM to get to work on time. … Read more
Question: Dear Steve, My husband and I have been married for 12 years and we have 2 kids together. A boy and a girl. I am a stay-at-home mom my pregnancies are hard and I am on bed rest from beginning to end. I needed ultrasounds every other week and my husband had to take … Read more
Mortgage preapprovals more than 3 months old are generally considered out of date, but letters can last as long as 180 days. Depending on how long your search is, you may need to renew it more than once before closing on a home. Having a letter of preapproval from a financial institution can help ensure … Read more
Question: Dear Steve, $35,000 has been collected on my $20,000 student loan debt, and none of it has been applied to the principal only to interest. You told me that “if the mandatory amount garnished is insufficient to cover the interest owed each month, then no payment would be applied to the underlying principal amount.” … Read more
Purchasing a home may be the biggest financial commitment you’ll ever make, so it makes sense to carefully consider the upsides and downsides of buying vs. renting. Stay tuned for a quiz that might help you decide. Rent or Buy a Home: Pros and Cons Advantages of Renting • Your landlord is typically responsible for … Read more
Question: Dear Steve, I had two Amex cards, Blue and EveryDay. Unfortunately, they were both closed due to “dispute abuse.” I applied for the Cash Magnet Blue Card, got approved, then when the system updated, it got canceled; how do I get an Amex card? Hansel Answer: Dear Hansel, You don’t. It seems the previous … Read more
Question: Dear Steve, Steve Vanderhoof’s widow Rayan Vanderhoof and her CURRENT STATUS with the Department of Justice and her company Olympus Medical Group Corporation for Medicare Fraud? Was Ms. Vanderhoof ever convicted? Answer: Many of the court records in the case of the United States of America v. Rayan Vanderhoof are sealed and not publicly … Read more
Vista College, a chain of for-profit college campuses, closed and went bankrupt a few days ago. Most Vista campuses are in Texas, but the chain filed its bankruptcy proceedings in Delaware. Who Owns Vista College? Education Futures Group (EFG), a Chicago-based private equity firm, holds a majority interest. Jim Tolbert, Vista’s CEO, owns 16.7 percent. … Read more
Car warranties can be a helpful tool for keeping your car safe and reliable. An extended car warranty is much like the warranties that come with new cars. It covers your car’s mechanical and electrical systems, such as the engine and transmission, if they break down. Unfortunately, there are many extended car warranty scams out … Read more
Question: Dear Steve, I have a question about something I read that Dave Ramsey said. He said he went back and paid his creditors years after his bankruptcy even though he didn’t legally have to. Is that even possible? I’m only asking because now that we are in a better financial situation, we can afford … Read more
Baylor University, a Baptist institution located in Waco, Texas, is a well-respected school. Over the years, it has risen steadily in the college ratings and now ranks among the top 100 American universities. But Baylor is expensive–tuition and fees are about $50,000 a year. Low-income students can take out federal loans, but these loans are … Read more