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Home > Author Archives: Steve Rhode (page 18)

Author Archives: Steve Rhode

Why Won’t Sallie Mae Settle My Student Loan Debt?

Ready to Collapse

“Dear Steve, I currently have a bit over $67k in student loans through sallie mae at 6.5% interest rate consolidated. I have never missed a payment and pay an extra $120 a month to pay off my loans faster for a total of approximately $681 a month to Sallie Mae. I consolidated them back in 2007. I’ve asked Sallie Mae ... Read More »

    I Filed Bankruptcy. What Should My Credit Report Look Like?

    credit good

    “Dear Steve, I filed chapter 7 bankruptcy in October 2009 and the disposition date was March 2010. I am currently reviewing my credit report, as a means of disputing any inaccuracies found on the report. Issue 1: On credit report A under public record it states that I have a $0 claim amount and a $0 liability amount. On report ... Read More »

      What is the Best Way to Get Off a Sallie Mae Student Loan as Cosigner?

      punched-in-face

      “Dear Steve, I cosigned a student loan for a friend in 2000. Friend has not paid or not made regular payments. Loan is through Sallie Mae. Loan has gone to collections. Collections agency is contacting me at work, calling my parent’s home, my cell phone. Friend does not have money to pay or says does not have enough money to ... Read More »

        HDRP Funding – National Hardship and Debt Relief Program

        img_18551

        An amazing reader Denise sent in a new debt relief mailer through my I Buy Junk Mail program. She received a mailer from HDRP Funding Department for something called the National Hardship and Debt Relief Program which they abbreviate as HDRP. It was sent from postal permit 507 in Santa Ana, California. The back of the check contains handwriting, presumed ... Read More »

          My 5Star Bank Secured Card Was Sold to UMB Bank. They Want Money.

          Boom! Comic Speech Bubble, Cartoon.

          “Dear Steve, UMB Bank inherited this debt from 5Star Key Bank. Even though this was only one account, a credit card secured with my original $750 payment, UMB Bank now claims that I owe them $750 becuase they claim that there was a savings account and a credit card. They claim that the check that they sent to me in ... Read More »

            My Apollo College Student Loan Was Sold to Sallie Mae

            happy woman in wheelchair outdoors beach showing victory sign

            “Dear Steve, I enrolled in Apollo College’s Vet Tech program in 2003. Through them I obtained a loan from First National Bank for the tuition of around $6,000.00. One of the first questions I asked the loan officer was whether or not my loan was of the type that would later be sold to another agency. I was assured that ... Read More »

              Can a Credit Union Chase Me to Another State for an Old Debt?

              Adult Ed - Questions

              “Dear Steve, I have a debt from a local credit union in Texas. Last payment made December 2009. My credit reports shows it as collection/charged off. However they still show a balance. The Texas SOL is 4 years. I have not lived in Texas the whole time, I have lived in Florida and Texas since then. I have kept the ... Read More »

                Can My Bank Account and Retirement Income Be Seized if I Can’t Pay a Debt?

                Mature woman confused

                “Dear Steve, I was sued by a law firm in the state I lived in for an unpaid debt. We went to court and there was an agreement for a monthly payment plan. Can the law firm freeze my bank account if I can’t pay the debt? I am on social security and have a civil service retirement. Frank” The ... Read More »

                  I Was Scared With Wage Garnishment and Paid Again a Debt I Previous Settled

                  angry woman

                  “Dear Steve, I used to have various payday loans back in 2009-2010 that I settled through a company but somehow back in April of this year, I received a called from my HR Department to let me know that my salary was about to be garnished by an agency because I had a balance of $600; even though I requested ... Read More »

                    Unemployed and No Income. Will Creditors Come After My House? – Chris

                    body outline

                    “Dear Steve, I lost my job (no advance notice) in June 2007. I was unemployed for 75% of the next 5 years. I worked for 23 months (4-2012 to 3-2014) and again lost my job. I work as a consultant primarily for Caltrans as an Inspector (bridges). In the last 6 months I’ve worked less than 60 hours and am ... Read More »

                      CFPB to Credit Card Companies – A Big Finger Wag on Offers

                      cfpb

                      Today the Consumer Financial Protection Bureau (CFPB) warned credit card companies against deceptively marketing interest-rate promotions. The Bureau is concerned that some companies are luring in consumers with offers of reduced or zero interest for a specific purchase or balances transferred from another credit card, and then hitting them with surprise interest charges. In the bulletin released today, the Bureau ... Read More »

                        Why Do I Feel Guilty Using My Credit Cards to Survive?

                        Senior couple at home focusing on angry man

                        “Dear Steve, In 2008 I was a building contractor in Florida and had all my money invested in Real Estate. With the money I had I keep paying until I just ran out of money. I now live in South America and depend on my credit cards to survive. I rent out my house but is not enough to keep ... Read More »

                          U.S. Department of Education Practically Prison Raped Over Student Loan Collections

                          NCLC Report

                          To say the National Consumer Law Center (NCLC) just took issue with the relationship between the U.S. Department of Education and private debt collectors would be like saying a pedophile Santa at the Mall was no problem. While I believe the U.S. Department of Education wants student debtors to be treated fairly and have access to all of the available ... Read More »

                            Four Magic Words to Get Out of a Debt Collector Lawsuit

                            angry caller narrow

                            What I’m about to offer you can be used for good as well as evil so please use this information responsibly. Additionally, I always urge all of my readers to consult with an attorney licensed in their state for legal advice. I am not a lawyer. But over the decades I’ve been helping people with problem debt there is one ... Read More »

                              How Can I Get Sallie Mae to Settle My Student Loan Debt? – Julio

                              Drowning swimmer

                              “Dear Steve, I have been paying on a $65,000 private student loan for about 4 years I worked out a deal where I pay interest only around $400 a month. None of the money goes to the actual principle. The original loan was for $30,000. Recently Sallie Mae started asking for $700 a month and I can not afford that! ... Read More »

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