Home > Author Archives: Steve Rhode

Author Archives: Steve Rhode

Marine Corps Soldier Needs Help With Private Student Loans

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Question: Dear Steve, I have no idea if you can help, but I served almost 9 years active duty in the Marine Corps and I have a private student loan (Key Bank) that I cannot make payments on at the moment for $62,000. I was recently honorably discharged from active duty after having my first daughter and have fallen behind ... Read More »

    Why Won’t Anyone Let Us Consolidate Our Spousal Consolidation Loan?

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    Question: Dear Steve, FFEL Spousal Student Consolidation Loan taken out in 2002, with Sallie Mae (now Nelnet). We are still married, however both work in public service, and could potentially benefit from the PSLF program. However, we have been told by Direct Loans that we cannot re-consolidate the spousal consolidation loan (which is comprised of a Stafford subsidized loan and ... Read More »

      How Can My UK Partner Get Navient to Offer a Different Payment?

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      Question: Dear Steve, I’m writing on behalf of my partner. She currently lives in the UK with me (and is a citizen here). She has no American income and therefore pays no tax (though her tax records are fully completed and up to date each year, so no issues there). She has no assets and no desire to return to ... Read More »

        Nationally Sanctioned Debt Reduction Initiative Mailer – Beware

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        An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. These debt reductions mailer are infuriating to me. I mean let’s at least try to tell people the information in a way that can make some sort of logical sense. And it would be nice to see mailers that were open about being ... Read More »

          Some Company Says They Can Make My Navient Student Loans Go Away

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          Question: Dear Steve, I’ve read numerous articles and enjoy them thoroughly. Recently I came across an article that sounds very similar to my situation. Private student loan debt — I’m only assuming this is one of your favorite subjects. The article I read came to you from one of your readers, that they were approached to pay off their loan ... Read More »

            Will SallieMae or Navient Forgiven My Private Student Loan if I’m Disabled?

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            Question: Dear Steve, I have been disabled for 84 months. My federal student loans were discharged almost two years ago, but Sallie Mae/Navient says my disability is not permanent (even though the federal definition of permanent is being disabled for at least 60 months), and will not discharge my loan. Does Sallie Mae/Navient have to use the same definition of ... Read More »

              How Can I Stop Navient From Automatically Debiting My Payment?

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              Question: Dear Steve, I have been paying my sons private loans thru Navient at interest only now that time it up and they say to consolidate and gave me the amount but they want to take it out of my checking account which I do not want because there have been several times in the past that they have not ... Read More »

                My Husband Got the Parent Plus Loan from His Ex-Wife in the Divorce

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                Question: Dear Steve, I have been married to my husband for about 2 yrs now. He has been stuck with a parent loan out of his divorce. The total is 170,000.00 His ex wife signed all the documents and he was aware of some of the debt but not to this amount. Can we attempt to make her (ex wife)or ... Read More »

                  Can I Consolidate My Sons Student Loans With My Federal Student Loans?

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                  Question: Dear Steve, I am a single parent and accumulated some debt (credit cards, student loans) when I was unemployed. I have since paid down most of my credit card debt and remain with $4000 after owing $25k. I have been consistently employed at a non-profit for the last 11 years. My son (age 25) is now looking to transfer ... Read More »

                    I’m a Pilot. Can My Student Loans Be Discharged in Bankruptcy?

                    You want your pilot to use a checklist so they don't miss anything important, don't you?

                    Question: Dear Steve, I am a pilot who currently has several private student loans that are making me unable to own a home or even live on my own. I was a victim of scam in which they said my loans would be discharged in court meanwhile I was supposed to pay a very large fee. Upon some investigation I ... Read More »

                      Permanently Disabled People Eligible for Total Federal Student Loan Forgiveness

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                      The Obama administration is rolling out plans to forgive the federal student loan debt of people who are designated as permanently disabled by the Social Security Administration. This is estimated to forgive about $8 billion in federal student loans and assist debtors who are permanently disabled from having benefits garnished and forcing them through struggles with their student loans. The ... Read More »

                        Once I Remove My Cosigners, Should I Default on My Private Student Loans?

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                        Question: Dear Steve, I made the mistake of taking out private student loans to finance my college education and am neatly 100k in the hole. Three years removed from graduation, I’m at a job making 37k/year (before taxes), still live at my parents’ house with no realistic target date of ever moving out, and I allocate over HALF of my ... Read More »

                          After 20 Years, My Old Crappy Student Loans Resurfaced

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                          Question: Dear Steve, I have student loans that are nearly 20 yrs old. I stop paying them because the school i attended went bankrupt and my degree was basically useless as it was a Technical school. I went thru a chapter 13 bankruptcy and tried to include the loans but they were not dismissed. I never got an email or ... Read More »

                            Did You Pay for HSBC CreditKeeper? You Can Get All Your Money Back.

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                            HSBC Bank has been ordered to pay a $35 million penalty for not delivering what they promised to consumer regarding their credit monitoring product, CreditKeeper. Customers eligible for restitution include those who were unfairly billed for CreditKeeper, a credit-monitoring product marketed and sold by the bank, its affiliate HSBC Bank Nevada, N.A., Las Vegas, Nevada, and their vendors. The restitution ... Read More »

                              I Screwed Up My Credit Score. Is There Hope to Bring it Back?

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                              Question: Dear Steve, Several accounts past due on my credit report due to some medical problems last year. Trying to raise my score by 30-50 points to obtain a home loan. I have approximately five accounts with minimal balances that for some strange reason, I stopped paying all together last year. Please do not judge as it was a tough ... Read More »

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