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Author Archives: Guest Post

Don’t Get Scan Scammed

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You’ve diligently perused the grocery ads and prepared your shopping list according to their sales and your needs. If using coupons is part of your frugal shopping plan, you have the coupons with you when you enter the store. At this point, you’re probably feeling pretty good about your shopping habits. You congratulate yourself for navigating past the displays that ... Read More »

    Our Financial Situation is So Bad I Don’t Know What to Do. – Kay

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    Question: Dear Steve, DEBT- Husband went from 280,000 to 100,000 income and we have an adult daughter that has drained our savings and retirement with substance abuse. Behind on everything- Mortgage 11 months just worked out payment structure ok there- fed taxes 117,000 had installments until this year waiting on verdict. 180,000 in student debt and 80,000 in credit card ... Read More »

      I Heard if I Make Token Payments I Can’t Be Sued. Is That True? – Oliver

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      Question: Dear Steve, I started a collision repair business in 2011 and it started off well but it started dying out slowly but surly, the area kept getting worse and worse not to mention my rent was $2500 per month not including all of my other bills. So the scary part came when I had to make the decision to ... Read More »

        The IRS Won’t Stop Chasing Us for Debt We Don’t Owe

        Question: Dear Steve, My husband and I recently found out that his ex wife filed taxes and forged his name on 2008 taxes, after they were separated. She had taken a settlement in 2008 and never paid the taxes on it, which left over $11,000 owed to the IRS. The amount has now grown to over $17,000 and they say ... Read More »

          Private Student Loan Lenders Silently Slash Debt But You Don’t Know It

          Dealing with student loans can be a frightening process. Not only is student loan debt exploding but there is a significant amount of concern that many students were misled and lied to by schools willing to sell butts into seats with nearly almost any misrepresentation. This concern has been especially true at many for-profit schools funded by both federal and ... Read More »

            What are the main differences between federal student loans and private student loans?

            get out of debt

            While both federal student loans and private student loans allow you to borrow money to pay for education expenses, there are some distinct differences.  Federal student loans can be better for students in several important ways: In some cases, the federal government will subsidize – pay the interest on – your federal student loan while you are in school. Your ... Read More »

              At Capital One, Easy Credit and Abundant Lawsuits

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              This story was co-published with The Daily Beast. Several years ago, Capital One gave Oscar Parsons, 46, his first credit card. At the time, he didn’t need a loan. But he banked at a Capital One branch near his Bronx apartment, and when it was offered, he thought, “Why not?” Initially, he had little problem keeping up with the payments. ... Read More »

                Bankruptcy Court Tells Dept of Ed to Go Shove IBR as Unrealalistic

                On Jun 24, 2015, Michael Abney became a student loan hero when he filed his own adversary proceeding with the United States Bankruptcy Court of the Western District of Missouri. When I say he became a hero it’s because his case is just another step forward in providing some semblance of hope and logic for people impossibly buried under a ... Read More »

                  What Are The Best Private Student Loans?

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                  Question: Dear Steve, I am a current junior at a university. I still have a ways to go before I complete my Bachelor Degree. I have no desire to go any further than a Bachelors. This is my second semester at university and there is not very much left over of my grant and loans after tuition. I would like ... Read More »

                    I Heard if I Make Token Payments I Can’t Be Sued. Is That True? – Oliver

                    Ready to Collapse

                    Question: Dear Steve, I started a collision repair business in 2011 and it started off well but it started dying out slowly but surly, the area kept getting worse and worse not to mention my rent was $2500 per month not including all of my other bills. So the scary part came when I had to make the decision to ... Read More »

                      Our Financial Situation is So Bad I Don’t Know What to Do

                      Question: Dear Steve, DEBT- Husband went from 280,000 to 100,000 income and we have an adult daughter that has drained our savings and retirement with substance abuse. Behind on everything- Mortgage 11 months just worked out payment structure ok there- fed taxes 117,000 had installments until this year waiting on verdict. 180,000 in student debt and 80,000 in credit card ... Read More »

                        FTC to Host Public Workshop Examining the U.S. Auto Distribution System

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                        Workshop Will Explore Competition, State Regulations, and Emerging Trends in the Industry The Federal Trade Commission will host a one-day workshop on January 19, 2016, to explore competition and related issues in the U.S. auto distribution system, including how consumers and businesses may be affected by state regulations and emerging trends in the industry. The event will take place in ... Read More »

                          Former New York City Corrections Officer Pleads Guilty to Multimillion Dollar Tax Refund Conspiracy

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                          A Middle Island, New York resident pleaded guilty today in the U.S. District Court for the Eastern District of New York to one count of conspiracy to defraud the United States, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division. Rodney Chestnut, a retired corrections officer for the New York City Department of Corrections, pleaded ... Read More »

                            The Extent People Will Go To In Avoiding Bill Collectors

                            How I began my career in personal finance, and eventually being a “financial counsellor” of sorts and a debt adviser, was to start at the bottom. That is not to degrade the job at all, I began as a collector. I worked in the collections department of one of the largest car financing lenders in the world. I collected past ... Read More »

                              Shopping for cash?

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                              Who isn’t looking for a little extra cash at the holidays? An offer for an easy – and fun – job could seem like just what you need. That’s the email offer I got from a major retailer (or so it said) last week: “Holidays are coming we need you in our team. We are hiring holiday shoppers. No experience ... Read More »

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