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Home > Author Archives: Steve Rhode (page 10)

Author Archives: Steve Rhode

Consumer Financial Problems Not Limited to America

malay

I spotted a recent article out of Singapore where the Association of Muslim Professionals (AMP) had expressed a concern over the level of indebtedness local households of Malays were facing. If you extracted the local references out of the article it sounds just like the problems faced by people in Iowa or Texas. “While household balance sheets remain generally healthy, ... Read More »

    Debt Management Credit Counseling Publishes Debt Consolidation Video

    confused man

    Last week Debt Management Credit Counseling sent out the press release below. Two things struck me as a bit odd about it so I emailed the company to ask for clarification. As of yet I’ve not heard back from them so I’ll just publish the release and my observations and if they ever respond, I’ll update the post with their ... Read More »

      I’m Being Sued Over My Private Student Loans in Florida

      law books

      “Dear Steve, I graduated college in 2006 with an incredible private student loan debt. After working for over a year with the company I simply could not afford their ridiculous payments, I tried everything I could. In the end the loans went into default and I’m sure were sold several times over since. I have always kept up my federal ... Read More »

        Department of Ed FFEL Joint Consolidation Rules Arbitrary & Punitive

        stressed woman

        Not that long ago I wrote an article, “This is One Way to Get FFEL Spousal Consolidation Loans Forgiven” in which a reader was looking for a way to deal with her previous FFEL spousal joint consolidation loan with her ex-husband. She wanted to move forward in a positive way in dealing with her student loan debt that was originally ... Read More »

          CFPB Raging Pissed Off at Morgan Drexen

          tug of war

          A reader send in some documents they said I would be interested in seeing. It relates to the 2013 Consumer Financial Protection Bureau (CFPB) lawsuit against Morgan Drexen that is still ongoing. My first thought was a disbelief this case was not further ahead. Then I read the document publicly filed in the case by the former Morgan Drexen co-founder, ... Read More »

            Phony Debt Relief Scam Operated From Jamaica

            jamaica

            Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit. – Source The case was originally brought in August 2014 against the unnamed operators of the scam, which operated under the names ... Read More »

              I Make Near Minimum Wage With $200K in Student Loan Debt

              Woman in home office with computer and paperwork frowning

              “Dear Steve, I am 28yrs old with one child. I currently owe Sallie Mae over $100,000 in student loans. I also have several other student loans with Department of Education and Citibank. My total debt is close to $200,000. I was 18 when I started getting private loans from Sallie Mae. I didn’t know exactly what I was doing or ... Read More »

                How Do I Get My Everest College Student Loan Credit I’m Owed

                Happy people celebrating with money raining

                “Dear Steve, I was one of the Everest Students of Anaheim where they illegally forced us into multiple loans including their private Loan company Genesis. They lied to me on multiple occasions, and forced me to take out more money on my loan AFTER they told me I was graduating that month, only to find out they “forgot” I missed ... Read More »

                  How Can I Get My Name Off My Husband’s Judgment?

                  questions narrow

                  “Dear Steve, My husband received a deficiency judgement ($200,000)in Fl on a home about 13 years ago (My name was also on the judgement). The former owner has since died, yet this judgement looms over my head, too. My husband and the owner’s lawyer had an acrimonious relationship, and 5 years ago, they took our car to satisfy a small ... Read More »

                    The Most Frightening Personal Finance Data You Will Ever Read

                    Cosplayers at San Diego Comic Con 2009

                    Forget about worry if a credit card or debit card is right for you. Or even if you should buy or lease your next car. Figures about people headed for retirement have my heart pounding in my chest. It’s the most frightening information you will read and hopefully it will help some people to get scared straight and fix this ... Read More »

                      My Bipolar Ex-Husband Can’t Help With My Stafford Student Loan

                      help woman

                      “Dear Steve, I divorced my ex in June of 2007. At the time of our divorce there was a Stafford student loan owing from when I attended college in 2001. Since my divorce, I have adopted my youngest granddaughter and am raising her on my own. In addition, my ex has been homeless and diagnosed bi-polar and requires medication. I ... Read More »

                        My Bad Credit Biker Boyfriend Left Me With His Debt

                        Bikers View

                        “Dear Steve, I had a bankruptcy discharge in 2008. My credit was good up until last year. I was engaged and I got caught up in plans with my fiancée. I got a car, motorcycle and some credit cards and my name for his use. When we were together he was helping. We broke up and I have been footing ... Read More »

                          I’ve Been a Lifelong Educator and Want My Loans Forgiven

                          Check This Out_pri

                          “Dear Steve, I have many student loans from being a foster child and providing for my own education. As a teacher and principal, then special education autism specialist, you are always having to get more credentials, thus I ended up going back to school and getting several masters and almost my PhD. I tried to have them forgiven as I ... Read More »

                            Mystery Minister Mired in Massive Navient Student Loans

                            Money puzzle piece

                            “Dear Steve, I have both federal and private student loans that are jointly signed by my parents and I. My private loans are around 76K and the federal loans are around 22K. The private loans’ interest rate is variable and can change: between 3.25 and 4.25 percent. My federal loans are 2.88 percent. The company I have borrowed from is ... Read More »

                              Can I Ever Get Out of Debt From My Car Title Loan?

                              Repo Truck

                              “Dear Steve, I owe 3 credit cards totaling 4000 with an interest rate of 22.9%. BUT I also have a title loan of 9000 which has an interest payment of 525 a month. I know I was stupid but that’s water under the bridge now. My question is this, should I pay off my credit cards first and then tackle ... Read More »

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