Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Steve's Thought of the Day
Maybe it is time to read what the Bible really says about bankruptcy instead of listening to the assumptions of others. Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
Student Loan Assistance Companies Face Tough New Disclaimer
It looks like the Department of Education is trying to specifically target companies providing student loan assistance.
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If a student loan assistance company is going to login to a government computer system on behalf of a client, they are going to see the following disclaimer.
If you look at my red arrow you’ll see what I think is the the gotcha part of the disclaimer for student loan assistance companies.
The bullet item says: “Any access by an employee or agent of a commercial entity, or other third party, who is not the individual user, for purposes of commercial advantage or private financial gain (regardless of weather that commercial entity or third party is providing a service to an authorized user of the system.”
The disclaimer then goes on to say, “If system monitoring reveals information indicating possible criminal activity, such evidence may be provided to law enforcement personnel.”
It would appear this disclaimer, which must be accepted now to get into the federal student loan system, would apply to both for-profit and non-profit student loan assistance companies.
Of course the bid downside here is it seems this just drives consumers back towards incompetent servicers or poorly educated DIY.
3 thoughts on “Student Loan Assistance Companies Face Tough New Disclaimer”
Moral, if a consumer owes the “govt” (aka IRS) then any company that helps file taxes can 1. Charge $ 2. Charge UPFRONT is awesome!! (which of course everyone knows consumers can do themselves and the IRS is their to help them for FREE right?) and this is all Kosher!?!?! But let a consumer owe let’s say a DIFFERENT debt like say credit card or say STUDENT loan, and try to deal w the garbage doe or banks which they A. Have a RIGHT to choose not to do on their own B. can’t do it, Then NOW you are a SCAM if you charge at all!?!? (Upfront or not!) BS!!! Why? Obvious! Because the powerful banks scum lobby against it! Just like “robot dialing”! Ironic the Only ones that can do that legally are scum politicians! Epic! If u r a scum politician stealing & sucking up tax dollars Everything is a bs double f n standard. But hey, serves YOU well steve! Haha
I continue to have the discussion with regulators that I understand their motivations but sometimes the government student loan servicers do more harm than the worst student loan assistance scam.
Moral, if a consumer owes the “govt” (aka IRS) then any company that helps file taxes can 1. Charge $ 2. Charge UPFRONT is awesome!!
(which of course everyone knows consumers can do themselves and the IRS is their to help them for FREE right?) and this is all Kosher!?!?!
But let a consumer owe let’s say a DIFFERENT debt like say credit card or say STUDENT loan, and try to deal w the garbage doe or banks which they A. Have a RIGHT to choose not to do on their own B. can’t do it, Then NOW you are a SCAM if you charge at all!?!? (Upfront or not!)
BS!!! Why? Obvious! Because the powerful banks scum lobby against it! Just like “robot dialing”! Ironic the Only ones that can do that legally are scum politicians! Epic! If u r a scum politician stealing & sucking up tax dollars Everything is a bs double f n standard. But hey, serves YOU well steve! Haha
I continue to have the discussion with regulators that I understand their motivations but sometimes the government student loan servicers do more harm than the worst student loan assistance scam.
Wow, when we are sleeping they are thinking of ways to do what they do best. Good luck