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Home > Author Archives: Steve Rhode

Author Archives: Steve Rhode

Where Can I Get Money for International Medical School?

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Question: Dear Steve, This is my second time asking you a question. It has been a while now, but I want to say thanks!!!! I really admire your desire to give FREE advice Steve. We need more people like you in this world!!!You are a wonderfully great person. My question is I am in a medical school out of the ... Read More »

    Worthless Illegal Robocalls Pitching Credit Card Interest Rate Reductions – STOPPED

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    Another Action Targeting Robocalls from “Card Member Services” At the request of the Federal Trade Commission and the Florida Attorney General, a federal district court has temporarily halted an Orlando-based operation that has been bombarding consumers since 2011 with massive robocall campaigns designed to trick them into paying up-front for worthless credit card interest rate reduction programs.  The court order ... Read More »

      Here is Exactly Why People Who File Bankruptcy Are Smart

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      I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, “congratulations.” You see, even studies by the Federal Reserve Bank of New York have come to the same conclusion I ... Read More »

        Can Search Engines Stop Student Loan Scammers?

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        If you’ve checked your spam folder recently, you know that offers of student loan debt relief have exploded right along with the student loan debt problem. You probably know it’s a bad idea to answer spam in a quest to lower your loan payments, but you might be more inclined to answer an advertisement you see on a major search ... Read More »

          Lesbians Languish in Loads of Liabilities

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          Question: Dear Steve, After ending my domestic partnership I was single and on my own financially for just under three years. I have since re-married, but incurred approximately $30,000 in credit card debt, while I was the only income for my family of four. I have $13.5K debt on a card with 12% APR. I have $16K debt on a ... Read More »

            We Are Suffocating in Student Loan Debt. It’s Killing Us.

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            Question: Dear Steve, My husband and I have $260,000 in student loan debt, we’ve paid $35,000 toward this debt in the last 5 years and it’s gone up $30,000. My husband makes $36,000 a year (I am, currently, a SAHM who cannot find a job), we are obviously suffocating in our debt. I cannot find a lawyer who is willing ... Read More »

              How Can We Get Collectors to Stop Calling My Father for Student Loan Payments?

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              Question: Dear Steve, My dad is over 75 yrs old with diabetes and needs a break from the creditors that harass him about his granddaughter’s loan from a private christian college she attended. He volunteered but now we want him forgiven for cosigning. How can my daughter and I help him this time around. She pays each time however sometimes ... Read More »

                CFPB Targets Student Loan Assistance Advertising

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                Yesterday the Consumer Financial Protection Bureau (CFPB) sent letters to search engines and asked them to beware of those companies offering up student loan assistance advertising. The letter said: “I am writing to alert Google that student debt relief scammers may be targeting student loan borrowers through the company’s search products. There are over 40 million Americans who collectively owe ... Read More »

                  Kesher Law Group is Offered Up by Reader

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                  In response to a previous article about the demise of Morgan Drexen a reader said I should take a look at Kesher Law Group. Kesher Law Group According to the State of California, Kesher Law Group, P.C. was formed on April 3, 2015 and is located at 675 Anton Boulevard, 2nd Floor, Costa Mesa, CA 92626 and the agent is ... Read More »

                    I Consolidated My Student Loans But They Left Some Sallie Mae Ones Out

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                    Question: Dear Steve, Hi, a few months ago I consolidated my student loans through a FedLoan servicing company. They consolidated my loans from Sallie Mae, Navient, and Nelnet. I was told by one of their employees after I agreed to consolidate the loans to not contact them any further. A few months passed and my credit dropped significantly so I ... Read More »

                      Will I Be Stopped at the Border for My Old Student Loans?

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                      Question: Dear Steve, I live in France. I have lived in France for over 20 years. Last year I did my first income tax return for the United States using the amnesty program. This year I had a tax refund of $1000.94 well I have a student loan debt I knew I would not get the thousand dollars and I ... Read More »

                        Door Slams Hard on Morgan Drexen Debt Settlement Company

                        M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

                        Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

                          Can I Punt This Student Loan Back to My Ex-Wife? – Gene

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                          Question: Dear Steve, My parents are signer and co-signer for a huge private student loan over $100,000 which was used to cover expenses for my ex-wife over 10 years ago. We since divorced and as part of our divorce agreement, we divided liabilities on her student debt and removed her name from some of the loans (the loan company then ... Read More »

                            Oh China, You So Funny. This is Going to Hurt.

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                            According to Shanghai Daily, consumer debt is rolling out to middle and low-income earners in China and in my opinion this will just leave innocent people slaughtered by easy credit. Imagine living in a country where easy credit has never been available and then having your first taste of it. It will be like doing meth for the first time ... Read More »

                              UK Kicks U.S. Ass When it Comes to Debt Relief Options

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                              Not all that long ago I actually moved to the UK to study the benefits of debt relief options there. There are familiar U.S. based creditors in the UK but they handle debt relief entirely differently. While the U.S. struggled with disreputable debt settlement providers, the UK required debt relief providers to actually hold a debt relief license and be ... Read More »

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