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Home > Author Archives: Steve Rhode (page 13)

Author Archives: Steve Rhode

We Have No Savings, an Underwater Mortgage, and the Car Just Died

Drowning swimmer

“Dear Steve, I have $11,000 in debt, no emergency fund; home seriously underwater; car died and employer just dropped our healthcare coverage, which looks like it will add another $500 to my monthly expenses. It looks like I need to address 3 of the aforementioned expenses immediately; how will this impact my credit score or what strategy should I do ... Read More »

    How Can I Lower My Parent PLUS Loans for My Daughters Nursing School?

    Ready to Collapse

    “Dear Steve, I am a single mother and a NYC public school teacher who is retiring this June. I am 62 and I have been taking out Parent Plus loans and will have to take out more until my daughter graduates from nursing school in December 2016. My estimated Parent PLUS Loan will be around 70 max. by the time ... Read More »

      How to Prevent a Tax Refund Intercept on a Defaulted Student Loan

      IRS

      “Dear Steve, I recently inquired to see if my defaulted student loan would offset my tax return. The FMS 800 number stated that my tax return may be offset for my debt to the US Department Of Education. My question is my husband and I file a joint return and we are now in a position to take care of ... Read More »

        Can You Really Help Me Get the $50 PayPal Owes Me?

        help woman

        “Dear Steve, I was contacted via email by PayPal Extras MasterCard® on 5 Nov 14 offering a $50 statement credit for a $100 purchase made by 31 Dec 14 on an approved PayPal Extras MasterCard. I applied for the card, was approved and made the required minimum purchase on 11 Nov 14. Now, despite 3 billing cycles since the purchase, ... Read More »

          Why Dave Ramsey Fans Need to Think for Themselves

          puzzled looking little boy looking to the left

          Yesterday on Facebook I posted a link about this recent article, How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment. I thought the article was filled with some really important advice about how to get your federal student loans out of default and avoid being sued, having tax refunds intercepted, or wages garnished. One ... Read More »

            How Do I Get a Child Support Collection Removed From My Credit Report

            punched-in-face

            “Dear Steve, I have a child support collection on my trans Union report dating back to 2001 (date opened) and showing date closed as Nov 2007. As it’s more than 7 years old can’t that be deleted? Also, the state recently added the same collection to my Equifax with the same dates. Can’t that be deleted as well? David” Dear ... Read More »

              The Best Way to Lower Parent PLUS Loan Payments

              Moving Up

              Parent PLUS student loans sure seem like a financial death trap. Parents are encouraged to jump into them to help pay for school by taking out Parent PLUS student loans, and they think they are doing a good thing, but is it smart? What a Parent PLUS Loan Is For those that might now be aware, a Parent PLUS student ... Read More »

                Take the Free Money Personality Test to Find Out Who You Really Are

                Happy people celebrating with money raining

                I’d love to say you have complete control over how you spend money. The reality is you just don’t. Like many things in life, it is those things we can’t control caught deep in our personality that really dictate how we deal with our money. Some people are well balanced spenders but most people are out of balance one way ... Read More »

                  Does a School Have to Provide a Real Skill for All That Student Loan Debt?

                  mans hands behind bars in jail or prison

                  “Dear Steve, My friend somehow got her grants changed to loans when they made her reapply right before the school year started as they were installing a new system. She doesn’t know what happened as she was actually going thru a tremendous amount of turmoil due to robberies, harassment from juveniles (she was working at the detention center at the ... Read More »

                    How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment

                    The actual granular data presents a surprising reality.

                    I can certainly understand why issues surrounding student loans seem like an unknown foreign language for many people. While the information is out there it seems that nobody knows what to make of it. Almost the worst place to turn for advice seems to be the student loan debt collectors. In all fairness it just might not be their job ... Read More »

                      Crestmont Funding Debt Consolidation Loan Mailer Sent in by Reader

                      Crestmont Funding mailer received by reader.

                      An amazing reader, Shawn, sent in a new debt relief mailer through my I Buy Junk Mail program. He received a mailer from Crestmont Funding for a debt consolidation loan. Shawn wanted to point out the BBB logo was prominently displayed. According to the BBB and the State of North Dakota, the company address is 3949 Highway 8 STE 109, ... Read More »

                        I Was a National Guard Nurse With Loads of Student Loans

                        Military Flag

                        “Dear Steve, I am a nurse who graduated in 1997. I went into default and had my wages garnished for nearly two years. I was in the Florida Army National Guard and one of the benefits was student loan repayment of $20,000. I took out a grand total of $30,000 thinking I would only have to pay back $10,000 since ... Read More »

                          How to Locate Who You Owe on Your Private Student Loans

                          Searching-right

                          “Dear Steve, I’m a music teacher making $1,850 a month. I’m 31 and suffering the consequences of bad/lack of financial advice early on and of course my own terribly decisions. A few years ago when the calls started in earnest I jotted down notes on the names, location and totals of my student loans and I was almost $200,000. I ... Read More »

                            My Springleaf Financial, Regional Finance and Time Financing Loans are More Than I Can Handle

                            Salesman

                            “Dear Steve, Fell behind on light bill so in order to keep lights on took out a personal loan, then couldn’t pay that one so applied for another small loan same thing- now have three loans not able to pay for. Kept getting letters in mail saying I was approved. I am drowning in debt with three small loan companies- ... Read More »

                              The Easiest Way to Stop a Student Loan Wage Garnishment – Loan Rehabilitation

                              casual woman saving money

                              I can’t tell you how frequently people ask me for the best advice to deal with an Administrative Wage Garnishment for a federal student loan. It’s quite often. And the tragedy is the wage garnishment could have been easily avoided. The loans should never have been allowed to get to that point because there are such good programs to avoid ... Read More »

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