Home > Author Archives: Steve Rhode (page 14)

Author Archives: Steve Rhode

I Graduated From College With So Much Debt, There is No Hope

changes

Question: Dear Steve, I am over $150,000 in debt from students loans, approximately 100k is from private student loans, 4 separate loans, while the remainder is various federal loans. I am 24 years old and got this debt from undergraduate education where I got a sociology degree and now at my first job make less than 35k/year before taxes. In ... Read More »

    I Stopped Paying My Daughter’s Cosigned Navient Student Loan. – Rosie

    caution

    Question: Dear Steve, Hi Steve, I co-signed my daughter’s student loans which she and her husband stopped paying because Navient was asking for $1,100 a month (he lost the overtime advantage he was using to pay back the student loans) and all I could help towards that was $200. My daughter directed me to your site and we decided to ... Read More »

      Will I Need My IRS ITIN to Get Married?

      irsverify

      Question: Dear Steve, I have an ITIN number I got it on 2006 I have not used it for my taxes since then but I have the original paper. How can I know how much I owe, where do I have to go, how can I use it? I am going to get married and I will need this for ... Read More »

        Student Loan Consolidator No Longer Considers FICO

        Moving up and the power of success with a growing tree in the shape of wings that has emerged out and has taken flight upward to opportunity as a business concept of the evolution of successful leadership and strategic planning.

        following a successful pilot program that began in the fall of 2015, leading online lender SoFi announced that it no longer factors FICO scores into its loan qualification process. Instead, the company considers three criteria — employment history, track record of meeting financial obligations and monthly cash flow minus expenses — to determine if an applicant is qualified for its ... Read More »

          My Bank Won’t Work With Me So I Can Pay My Debt

          Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

          Question: Dear Steve, The bank called me and told me that I must pay 12600 first before I can apply for account restructuring with an interest rate of 1%. I was not able to pay it as of now because I am jobless. What should I do or how should I respond to the threats of a law firm that ... Read More »

            Working as a Barista After College Is Not as Common as You Might Think

            Screen Shot 2016-01-11 at 3.16.26 PM

            By Jaison R. Abel and Richard Deitz The image of a newly minted college graduate working behind the counter of a hip coffee shop has become a hallmark of the plight of recent college graduates following the Great Recession. Recurring news stories about young college graduates stuck in low-skilled jobs make it easy to see why many college students may ... Read More »

              Why is My Son’s WyoTech Navient Student Loan Being Reported as a Federal Loan? – Ava

              Whiteboard

              Question: Dear Steve, My son had a Sallie Mae student loan…it was sold to Navient which turned it into a private loan or so they tell me. We have tried the loan forgiveness or reduction twice with no results because it’s a private loan. The lender as so stated on his account site says “Navient Federal Loan Trust” How can ... Read More »

                World Law / Orion Processing Kiss Off Case Update

                Source

                In doing some work on case updates I noticed this lawsuit filed by the Consumer Financial Protection Bureau has a couple of recent updates. First off it looks like Family Capital Investment & Management, World Law Debt Services, and World Law Processing never responded to suit and a default judgment was entered against them on 12-21-2015. – Source Secondly, Defendants ... Read More »

                  Debt Relief Telemarkters Added to Suit by FTC and Florida

                  tax_scams

                  The Federal Trade Commission and the State of Florida have charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks through legitimate means, they frequently turn to illegal credit card ... Read More »

                    I Thought My Art Institute Student Loans Were Eliminated in My Bankruptcy? – Stephanie

                    Where does it hurt nurse question

                    Question: Dear Steve, I went to the Art Institute of California for video production. I graduated in December of 2009. Due to life I had not been able to pay my loans. The went from being 54,000 when I graduated to over a 120,000 last year. Most of the loans were private and I got them discharged in bankruptcy at ... Read More »

                      How Do I Get My Student Loans Eliminated if I’m Disabled? – Natasha

                      worried

                      Question: Dear Steve, Recently approved for Social Security Disability, unable to work and am in default on student loans. The amount I will be receiving from Disability is less than one-fourth of what my net income was when working. Lost my home and car due to loss of income. Is there a way to have the student loans discharged due ... Read More »

                        I’m Taking Care of My Sick Father and Thinking of Bankruptcy

                        Woman in yoga lotus  meditation at seaside

                        Question: Dear Steve, I am a 35 year old mother of 2. I currently have an MBA but haven’t been using the degree at work because I take care of my ill father part-time and work-part time at a bank. Currently I owe $89,000 on my house, $38,000 in federal student loans and $36,000 in credit cards. My question is- ... Read More »

                          New York Opens Program to Pay Student Loans, Sort Of

                          footstep

                          The State of New York has opened up a new student loan assistance program, “Get On Your Feet,” which I’m absolutely positive was created in an effort to help some people who are struggling with student loan payments. But as I sit here studying the initiative I’m left with a furrowed brow. I can see some getting the benefit of ... Read More »

                            Why REPAYE Stinks as a New Student Loan Repayment Program

                            Oops! What Is It?

                            By Bob Preston The President and the United States Department of Education has just unwrapped a gift for every college student who ever took out loans to get an education – But beware! Sometimes the gift wrapping is much more attractive than the present. This one should be opened with extreme care, or as I will suggest, left under the ... Read More »

                              Beware of These Business Credit Traps

                              business and office, stress, problem, crisis concept - stressed buisnessman or teacher having headache

                              An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett Sutton, one of a handful ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.