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Home > Author Archives: Steve Rhode (page 16)

Author Archives: Steve Rhode

I’m Willing to Go Back to Dubai to be Arrested Over My Debt

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“Dear Steve, I had been living in Dubai for nearly 8 years and maintained a great job and income. Whilst there, my ex wife and I also brought a property and eventually sold the property after the recession hit. All in all, had never been in any trouble or debt. I then took out a C.Card with FGB and after ... Read More »

    My Federal Student Loan Payments are Getting Tougher to Make

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    “Dear Steve, I have 11 federal student loans totaling just over $55k. (DI Special subcns, DI Special UnSubcns, Stafford subcns, and Stafford unsubcns loans) see attachment These are loans for my undergraduate & graduate degree. To date, I have not been delinquent in any fashion. Also, I have a good credit score rating, over 730. I have found it more ... Read More »

      FTC Catches Debt Brokers Exposing Themselves

      ftc

      At the request of the Federal Trade Commission, a federal court has ordered two debt sellers that posted the sensitive personal information of more than 70,000 consumers online to notify the consumers and explain how they can protect themselves against identity theft and other fraud in light of the disclosures. In two separate cases, the FTC alleges the debt sellers ... Read More »

        Do American Premier Servicing Clients Have Something to Worry About?

        questions

        A few days ago I received an email from a tipster (send in your tips here). The email is alleged to be a copy of communications between Global Client Solutions and some debt relief servicing group called American Premier Servicing. The website for American Premier Servicing says “American Premier Servicing / Everest Debt Solutions / FDN Solutions” There isn’t much ... Read More »

          BeginToSave Sends Out Advanced Fee Debt Relief Mailer

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          An amazing reader, Rhodesey, sent in a new debt relief mailer through my I Buy Junk Mail program. It certainly looks like this a rehash of the old debt settlement mailers we used to see. The fine print at the bottom says “Begintosave is a national advertising center contracted by both local law firms and non-profit debt resolution companies.” Outside ... Read More »

            Should We File Bankruptcy on Our Student Loan Judgment?

            stressed-woman

            “Dear Steve, We have three student loans right now worth a significant amount of money. One of those creditors took legal action against us last year and won their judgement against us. We are waiting for wage garnishment against us to appeal that as we aren’t even in the state where the court awarded the judgement any longer. How long ... Read More »

              I Have a Consolidated Parent PLUS Loan I Need to Find Relief For

              begging

              “Dear Steve, I have a consolidated federal parent plus loan for my daughter in the amount of 29k. I have been paying for 7 years is there any relief for me anywhere? I am 61 years of age. Elaine” The Answer Dear Elaine, There is so much unknown from your question. Please feel free to post updates in the comments ... Read More »

                Mortgage Scams Take Minutes to Nab Consumer But Years to Unwind

                Salesman

                I received an update on a case where a receiver had been appointed to liquidate a scam mortgage relief group and provide restitution to consumers. This goes all the way back to a 2011 action by the California Attorney General against companies selling “Mass Joinder” mortgage elimination. The pitch seemed like an instantly addictive drug to suffering consumers. They were ... Read More »

                  If You Used Your Private Student Loans for Stuff Other Than Tuition, Read This

                  Attractive red-haired female reading a manual before do-it-yours

                  “Dear Steve, I have both private and federal student loans. My private loans make up about 3/4 of my student loan debt which is around $36k. I fell for the whole, “wait until you graduate to deal with your loans” advice my school and others gave me. I definitely regret that now!! I saw in an article today that you ... Read More »

                    We Are Moving Out of America. Can We Just Leave Our Student Loans Behind? – Anouck

                    netherland fields

                    “Dear Steve, I’m a Dutch citizen, my husband is a US citizen. He has federal student loans on his own (approx. $20K), and I co-signed for his private student loan with Sallie Mae (aka The Devil) for about $40K. We have filed for Chapter 13 and are currently not making payments. We are planning on moving to the Netherlands (most ... Read More »

                      Can the Statute of Limiations Make My Sallie Mae Student Loans Go Away?

                      stressed-woman

                      “Dear Steve, I have three Sallie Mae loans, all of which have gained interest in the past eight years. When I first went off to college I was very uneducated about student loans. Now, I wish I had better educated myself. I am scared to death of Sallie Mae because everyone I know that owes Sallie Mae has had their ... Read More »

                        I’m So Stressed Being a Sallie Mae Cosigner. I Want to Be Removed. – Ronda

                        Mature woman confused

                        “Dear Steve, I co-signed student loan for my son, who has graduated from college, but is not working, cannot pay the loan…I am on Social Security, and the stress is killing me. Is there any possible way to get me out of this? What needs to happen to get me removed as a co-signer. How to get out of a ... Read More »

                          I’m So Far in Student Loan Debt There is No Hope for Me. – Adam

                          upset young man

                          “Dear Steve, I have private student loans as well as federal ones, but they gave me the loans without cosigners and the interest rates have basically made it so, despite making payments, the principal hasn’t gone down. At this point, I can’t afford to repay them all, have defaulted a few, and can barely afford the necessities needed to live. ... Read More »

                            I’m in an Administrative Wage Garnishment. How Can I Consolidate My Student Loans? – Tina

                            Thinking

                            “Dear Steve, My wages are garnished for a defaulted student loan. I read your post about consolidating and getting on a reduced payment plan (IBR). I have tried this with my federal student loan agency and they will not allow me to do this. Their response is that I cannot consolidate while I am in administrative wage garnishment. They insist ... Read More »

                              Complete Financial Solutions Mailer Goes to the Dogs

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                              An amazing reader sent in one of the more unusual debt relief mailers I’ve ever seen through my I Buy Junk Mail program. Gary Jones from JW Financial Insights has apparently sent out a very odd mailer to people to promote something. The envelope appears to be very generic with a note attached. Inside the envelope the reader received what ... Read More »

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