I Went to IADT and Want to Get Rid of My Federal and Private Student Loans

Question: Dear Steve, I attended IADT and didn’t graduate. I left the school after my department was closed /merged with another. They didn’t tell us they were closing/merging the departments for a couple of months. Instead, they told us we were just learning the basics in case we needed a more rounded skill to get … Read more

Cryptocurrency Trading is Too Much Like Gambling at a Casino. I’m Out!

Cryptocurrency Trading is Too Much Like Gambling at a Casino. I’m Out!

I’m pulling the plug on my experiment with trading cryptocurrency. I’ve written about my introduction to crypto trading using automated algorithms. These tools are hyped as being able to make trades on small movements and make a half a percent here or two percent there. Some of the trades over the past four months did … Read more

Why is Upstate New York a Debt Collection Cesspit?

Why is Upstate New York a Debt Collection Cesspit?

The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. The judgment would order all participants in the scheme, based in upstate New York, to exit the debt collection … Read more

Some in Congress Fighting Against Student Loan Forgiveness

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The topic of student loan forgiveness has officially become a political hot potato and talking point. If we expect lawmakers in Congress to study any issue and come to an educated compromise, we are fooling ourselves. Republicans in Congress have introduced the Student Loan Accountability Act. The Student Loan Accountability Act would: prohibit the Biden … Read more

I’m Struggling on Disability Income. Is American Consumer Credit Counseling Reputable?

Question: Dear Steve, I’m living on permanent disability and dealing with credit card minimum payments that are eating most of my monthly income. I have been told that ACCC American Consumer Credit Counseling (the nonprofit organization) is great at reducing interest rates and monthly payments by 50%. Is this true? Are they reputable? What could … Read more

March 2022 Data Shows Bankruptcy Filings Continue Steady Drop

March 2022 Data Shows Bankruptcy Filings Continue Steady Drop

Bankruptcy filings continued a steep two-year-long fall that coincided with the start of the coronavirus (COVID-19). Filings fell 16.5 percent for the 12-month period ending March 31, 2022. According to statistics released by the Administrative Office of the U.S. Courts, the March 2022 annual bankruptcy filings totaled 395,373, compared with 473,349 cases in the previous … Read more

Podcast – Straight Talk About Student Loan Forgiveness if You Are in Jail

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Yesterday I wrote How to Get Your Federal Student Loans Forgiven if You Go to Prison. The results of my research were so surprising I had to make this podcast as a follow-up. This is just another wrinkle in the ridiculousness created by student loans. After taking a deep dive into this subject, I’m not … Read more