Martha Standish took out student loans when she was in her late 40s to get an undergraduate degree in accounting. Later she took out a Parent Plus Loan to help her daughter with college expenses. Eleven years after graduating, Standish filed an adversary proceeding in a Kansas bankruptcy court seeking to discharge about $30,000 in … Read more
Question Jon, I currently live in America, but hold dual citizenship in both the US and UK. I am serious debt here in the US as a restaurant I started 5 years ago is looking at bankruptcy and liquidation here in the US. My question is I am considering moving back to the UK and … Read more
A reader just submitted a scam report against a company named Capital Management Corp. The company charged the consumer $1,000 and said they could recover money he had won in a small claims lawsuit. It sure feels like a lot of red flags are waving on this one. A quick check of California records shows … Read more
Consumer Statement: I was contacted by Benjamin, Chase & Associates stating they could get money owed me from a small claim I won. they checked into the info I sent them and stated they would get the money with no trouble. They stated they would need money to get my money. which should have thrown … Read more
On this podcast Damon Day and I focused on reduced mortgage payments for people behind on their federally backed mortgage loans after Covid forbearance ends, why it is so easy to make bad emotional decisions, and adios to FedLoan Servicing. Steve Rhode Get Out of Debt Guy GetOutOfDebt.org Transcript Steve Rhode: [00:00:00] So I just … Read more
A reader sent me a mailer they received from Bruins Capital for a Debt Consolidation Loan. The consumer said, “I fell for the one with Bruins Capital. They redirected me to another service, and then I filled an online form, and Strategic Consulting called with an offer to pay off all debt at a reduced … Read more
Question Hi and thanks for this forum and way to get some answers. I am a British citizen who has lived in the USA for many years. I recently moved back to the UK and am not earning the same income as I had in America. I had a few debts in America and can … Read more
A California-licensed homeopathic doctor was arrested recently for her alleged scheme to sell homeoprophylaxis immunization pellets and to falsify COVID-19 vaccination cards by making it appear that customers had received the U.S. Food and Drug Administration (FDA) authorized Moderna vaccine. Juli A. Mazi, 41, of Napa, is charged with one count of wire fraud and … Read more
Consumer Statement: I joined the Start New Financial debt relief program last year. Paid a total of over $6000. Then in June, the debtor contacted me directly to settle for significantly less. I called Start New to ask if I’ll be refunded ALL of the money I’ve paid into the program if I canceled it … Read more
Question: Dear Steve, I DID HAVE A CASH ADVANCE FOR MY BUSINESS IN 2019, AND I WAS PAYING $350.00 DAILY, BUT I WAS STRUGGLING AND COULD NOT PAY ANYMORE, SO THEY HIRED AN ATTORNEY AND FROZE MY ACCOUNTS WE DID SOME ARRANGEMENTS, THEN THE PANDEMIC COME, AND I LOST COMMUNICATION WITH THEM. NOW A DIFFERENT … Read more
Question: Dear Steve, For my debt program, I need your advice. Am I Being Scammed by Coast Processing with Litigation Practice Group? I am l living in Chicago ILL are they have an attorney they can represent if they have? Can I have their names and phone numbers? Svetlana Answer: Dear Svetlana, You would have … Read more
Question: Dear Steve, As co-signer, my debt was discharged due to disability and hardship. Is the original borrower still responsible for his own debt? The loan was through Discover, for about $25,000, with me paying on that loan for 10 years. The original borrower, the student, ran off and hid with no contact. I’m just … Read more
A recent survey has revealed that the average annual cost of motorcycle insurance in the US is $702. But this figure varies depending on your location, age, and many other factors. The figure could be much higher. In California, for example, the average cost is $1,360 every year. Did you know that you can reduce … Read more
Made in USA labels will finally mean goods were made in America The Federal Trade Commission finalized a new rule that will crack down on marketers who make false, unqualified claims that their products are Made in the USA. Under the rule, marketers making unqualified Made in USA claims on labels should be able to … Read more
Question: Dear Steve, I was poached by Sallie Mae (predatory lending) through ITT before they got caught. I have 15k in private student loans through Navient now. I didn’t finish school because I found out the degree they offered was not worth the paper it was written on. I want to stop paying on this … Read more