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Home > Author Archives: Steve Rhode (page 10)

Author Archives: Steve Rhode

Great Lakes Higher Education Authority Says They Can’t Sue Me

surprise

Question: Dear Steve, In 2001, I took out a private student loan from Great Lakes Higher Education Authority to pay for massage school. After finishing school I took a deferment while seeking work. The payments eventually kicked in and were prohibitively high in combination with high credit card debt and federal student loans. In 2007 I applied for bankruptcy in ... Read More »

    How Can I Stop Being a Cosigner on My Ex-Wife’s Student Loans?

    Sagging Economy

    Question: Dear Steve, I cosigned on two private student loans for my ex-wife when I was 23. Oops. It was during the time when a lot of private loan companies were very predatory. Each loan was for about $40,000 (Total $80,000). My ex and I agreed via a bi-lateral agreement that she would take all responsibility for these loans and ... Read More »

      Was My Sallie Mae Student Loan Eliminated in My Bankruptcy?

      Bankruptcy Road Sign

      Question: Dear Steve, Hope you can give me the answer that I want. : ) I filed for bankruptcy in 2010 and the final discharge date was February 1, 2012. Included in the creditors’ payment was Claimant: Sallie Mae and the payment they received $2,566.88. Does this mean that my student loan was included in the bankruptcy? Does this mean ... Read More »

        Chase Bank in Deep Shit Over Bad Debt Collection Practices

        chase_bank_review

        Over half a million consumers just caught a break with help from the Consumer Financial Protection Bureau. It appears the CFPB has taken tough action against a major bank for basically screwing over consumers who were being forced to pay debt they rightfully should not have had to. The CFPB Says… Today the Consumer Financial Protection Bureau and Attorneys General ... Read More »

          Dubious Student Loan Assistance Offer From a Church?

          Unless you are on fire, taking a day or two before you take action isn't going to change anything.

          A tipster (send in your tips here) just sent me the following email they received today offering student loan assistance. On first glance it seems like just a run of the mill offer for help. Maybe one people might bite on. But why is this allegedly being sent out by the HRock School of Supernatural Ministry in Pasadena, California? I ... Read More »

            New Crestmont Funding Credit Counseling Debt Consolidation Mailer Reviewed

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            An amazing reader Shawn sent in another new debt relief mailer through my I Buy Junk Mail program. Shaw sent in another mailer received from Crestmont Funding. This one is different than the one I reviewed in this article. That other article has more information on Crestmont Funding than this one does. The new debt consolidation loan mailer is signed ... Read More »

              Department of Education Reaches Decision About Student Loans and Bankruptcy

              bankruptcy-1

              The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it’s also a bit disingenuous that it places the burden on students who believed what schools and colleges sold them as a smart financial move. The guidance wants to provide a balance ... Read More »

                Donald Trump Praises Beneficial Power of Bankruptcy. Makes Case for Consumers.

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                In case you might have been misled about the benefits of filing bankruptcy when you run into money troubles, it seems Donald Trump has become the spokesperson of why filing bankruptcy is a smart thing to do. Trump has come out claiming he has never personally filed bankruptcy. And that is absolutely true. But in his defense he has made ... Read More »

                  More Payday Loan Fraud Stomped On by FTC

                  ftc

                  The operators of a payday lending scheme that allegedly bilked millions of dollars from consumers by trapping them into loans they never authorized will be banned from the consumer lending business under settlements with the Federal Trade Commission. The settlements stem from charges the FTC filed last year alleging that Timothy A. Coppinger, Frampton T. Rowland III, and their companies ... Read More »

                    Serial Debt Relief Scammers Back at it Again in Florida

                    oops

                    The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

                      Universal Lending Corporation – Consumer Complaint – July 6, 2015

                      customer service feedback

                      Consumer Statement: July 2, 2015 TO: NOVAD, 2401 NW 23RD Street, Suite 1A1 Oklahoma City, OK 73107 From: [X] Regarding: FHA Case # 052-3741597; Policy#COA5652 Copy to: American Strategic Insurance Corp, 1 ASI Way, St Petersburg, Fl. 33702 To All Concerned: My name is [X]. I recently tried to borrow monies to build a new bathroom on to my existing ... Read More »

                        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

                          ftc

                          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

                            retirement_savings_plan

                            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?

                              warning

                              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 »

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