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Home > Author Archives: Steve Rhode (page 10)

Author Archives: Steve Rhode

My Girlfriend Sucks at Managing Her Money

The actual granular data presents a surprising reality.

Question: Dear Steve, I am very financially responsible and in my mid-30’s. I recently discovered that my girlfriend, also mid-30’s, is not so much. Neither of us has any kids. Now, I did know that she is a homeowner making a six-figure salary (barely) and living paycheck-to-paycheck saving no money. However, I did not know that she has close to ... Read More »

    My Mother Demands Parent PLUS Loan Payments But Will Not Share


    Question: Dear Steve, Back in 2010 my mother submitted for Parent PLUS loans for my sister and I. Half the amount for my sisters education, half for mine. Right now we are in the repayment process. Both my sister and I did not finish our education and stopped when we realized the amount of the loans. So we do not ... Read More »

      Residential Credit Solutions Caused Consumers to Lose Homes Needlessly


      Yesterday the Consumer Financial Protection Bureau (CFPB) took action against Residential Credit Solutions, Inc. for blocking consumers’ attempts to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, treated consumers as if they were in default when they weren’t, sent consumers escrow statements falsely claiming they were due a refund, and ... Read More »

        Renaissance Debt Solutions Hit with TCPA Suit


        In yet another Telephone Consumer Protection Act (TCPA) lawsuit, which seem to be coming fast and furious, Renaissance Debt Solutions is the unlucky named party. On July 29, 2015, Paul Sapan filed suit against Renaissance Debt Solutions over nine telephone calls “wherein they tried to pitch debt modification services.” In this case the consumer received two calls in January, four ... Read More »

          Another Consumer Nukes Their Student Loans Through Bankruptcy

          woman on computer

          A reader contacted me to share his story of dealing with his unmanageable student loans through bankruptcy. Just recently I’ve written two articles that showed how people have fought the battle against their student loan companies and the bankruptcy court agreed to eliminate their debt. Read this and this. The cases of consumers making there case with the bankruptcy court ... Read More »

            Howard Feinmel, Paul Herman Both Suspended Debt Attorneys for Now


            Readers of this site will recognize the name of Florida attorney Howard Feinmel. Over the years he’s appeared in a number of articles. You can click here to see them. According to a document from the Supreme Court of Florida from July 24, 2015 it appears Feinmel will be have his ability to practice law in Florida, revoked for five ... Read More »

              Ask The Expert: Why Can My Girlfriend Get Her Student Loans Fixed And I Can’t?

              Adult Ed - Questions

              Question: My girlfriend and I both have lots of student loans. We Googled “student loan consolidation” and got some sketchy-looking websites. But we’re desperate, so we entered some info into some fields. They said she could get her loans consolidated but mine couldn’t be. Is this for real? — Bill in Iowa Howard Dvorkin CPA answers… After getting some information from ... Read More »

                I Have a Doctorate, Student Loans, and Want a Job


                Question: Dear Steve, I took out student loans to complete a doctoral degree. I completed my degree in 2013. Since then, I have been applying for full time employment so that I could meet my payments, but to no avail. Trying to find full time employment in the United States is like looking for a needle in a haystack. It ... Read More »

                  Why Do I Have to Pay for Forgiven Student Loans in My Bankruptcy?

                  Smiling Disabled Senior Woman In Wheelchair

                  Question: Dear Steve, I have approximately, $144,000 in student loan debt and in 2011, had to file bankruptcy in Ala. My debt were about $34,000 and would be paid off on a 3 yr. plan. However, my attorney said that even though my student loans were not in default they must be included. Therefore, we went from a 3 yr ... Read More »

                    My Wife is Mentally Disabled. Can Her Student Loans Be Forgiven?


                    Question: Dear Steve, My wife graduated in 2001 B.a. degree music. Accumulating $154,000 student loans. She has been on permanent disability since 2000. Benefits of $547 month. I am 70 work to maintain medical insurance income $2000 month. We have filed bankruptcy twice due to long term medical bills. last time Jan 2010. My wife has attempted to work twice ... Read More »

                      Am I Eligible for the IBR Student Loan Forgiveness Using a Government Funded Company?

                      Problem Solving Series

                      Question: Dear Steve, I am the sole provider for me and my daughter, which will be a sophomore this upcoming fall. I have a outstanding student loan for 29,000. I attended a 2 year technical college called Miller-Motte, I graduated with an associates degree, which have never done any work in that field. I work at a production plant making ... Read More »

                        I’m Disabled and Having My SSI Garnished for Student Loans. What Can I Do?


                        Question: Dear Steve, In my 3rd year of college, Dec. 1988, I was involved in an auto accident with a semi. My head hit the steering wheel with force and I have CNS damage and lesions on my brain. I went right back to school and failed class after class. I did not have continuous memory for 6 months. I ... Read More »

                          My Student Loan Balances Enlarged Without My Permission


                          Question: Dear Steve, Back in the early 90’s I took three loans equaling 6000 dollars. I failed to complete the program I was in enrolled in and never received my certification. Unable to get a job in the field I had been training for I consolidated the three loans into one thinking the payment would be lower and less to ... Read More »

                            My Ph.D. Loans Will Leave Me Old, Broke, Hungry, and Cold

                            break free from prison pressure or quit job running away towards

                            Question: Dear Steve, I have $175,000+in student loans from grad school programs. My first grad degree program was a PhD in political science; the second a high school teaching license in social studies. Neither field has been hiring over the past 15 years at anything other than a negligible rate. Because I have my masters degree, I am more expensive ... Read More »

                              Paymap and LoanCare Nailed for Stupid Simple Reason


                              Yesterday the Consumer Financial Protection Bureau announced they took action against companies that sold consumers on an equity accelerator program. Typically these programs make payments every two weeks instead of once a month and that gives people one extra mortgage payment a year to reduce the balance owed faster. But the unbelievable part of this program delivery is contained in ... Read More »

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