Latest Posts
Home > Author Archives: Steve Rhode (page 18)

Author Archives: Steve Rhode

Am I Eligible for the IBR Student Loan Forgiveness Using a Government Funded Company?

Problem Solving Series

Question: Dear Steve, I am the sole provider for me and my daughter, which will be a sophomore this upcoming fall. I have a outstanding student loan for 29,000. I attended a 2 year technical college called Miller-Motte, I graduated with an associates degree, which have never done any work in that field. I work at a production plant making ... Read More »

    I’m Disabled and Having My SSI Garnished for Student Loans. What Can I Do?

    cfpb_ADA_blog

    Question: Dear Steve, In my 3rd year of college, Dec. 1988, I was involved in an auto accident with a semi. My head hit the steering wheel with force and I have CNS damage and lesions on my brain. I went right back to school and failed class after class. I did not have continuous memory for 6 months. I ... Read More »

      My Student Loan Balances Enlarged Without My Permission

      Why?

      Question: Dear Steve, Back in the early 90’s I took three loans equaling 6000 dollars. I failed to complete the program I was in enrolled in and never received my certification. Unable to get a job in the field I had been training for I consolidated the three loans into one thinking the payment would be lower and less to ... Read More »

        My Ph.D. Loans Will Leave Me Old, Broke, Hungry, and Cold

        break free from prison pressure or quit job running away towards

        Question: Dear Steve, I have $175,000+in student loans from grad school programs. My first grad degree program was a PhD in political science; the second a high school teaching license in social studies. Neither field has been hiring over the past 15 years at anything other than a negligible rate. Because I have my masters degree, I am more expensive ... Read More »

          Paymap and LoanCare Nailed for Stupid Simple Reason

          CFPB-1801

          Yesterday the Consumer Financial Protection Bureau announced they took action against companies that sold consumers on an equity accelerator program. Typically these programs make payments every two weeks instead of once a month and that gives people one extra mortgage payment a year to reduce the balance owed faster. But the unbelievable part of this program delivery is contained in ... Read More »

            My Art Institute and Fullsail Student Loans Are Outrageous and Unaffordable

            pow

            Question: Dear Steve, I have obtained private loan debts from for-profit schools such as the Art Institutes and Fullsail. These debts have doubled from the interest alone. I find myself in a cycle: when I do work, all of my income goes to paying the minimum payment, or I go back school, but a legitimate state school to postpone payments. ... Read More »

              Telephone Consumer Protection Act Class Action Filed Against Debt Relief and Collection Companies

              need_to_know

              About a week ago I published an article about the dangers faced by debt relief companies, and others, for violations of the Telephone Consumer Protection Act (TCPA). Well just today comes a class action case filed against Freedom Financial Network, Freedom Debt Relief, and Consolidated Credit Counseling. The case was filed in New York state. The bigger question here is ... Read More »

                Teacher Discharges Loads of Student Loans in Bankruptcy. ECMC Fights Back.

                retirement_savings_plan

                Today I’m looking at another bankruptcy discharge case, see more here, where a bankruptcy judge felt it was appropriate to allow for a legal discharge of student loan debt. In this case the consumer represented herself in the action and has fought a valiant battle. Even though President Obama and the Department of Education have recognized a valid and reasonable ... Read More »

                  My Apartment Complex Took My Check But Never Cashed It

                  check

                  Question: Dear Steve, When we moved out we gave the apartment our new address and asked them to send the final bill because they did not have it available. This was in January 2015. I tried calling a handful of times and couldn’t reach the apartment complex. In May, we had not received a bill yet so on a trip ... Read More »

                    My Mother Stole My Identity and Took Out a Discover Card

                    Identity Theft Warning Sign A yellow sign with the words Identity Theft on a keyboard

                    Question: Dear Steve, I am now a sophomore in college, during my first semester in college my mother took $1,000 from my financial aid refund because my bank account was connected with hers since I was not 18 at the time I opened my bank account. My mother has a bad history of taking money from people, she took a ... Read More »

                      What Can I Do to Get Out of Being a Cosigner on a Private Student Loan

                      questions

                      Question: Dear Steve, I co-signed a private student loan in 2005 for my ex-wife (she was not my ex-spouse in 2005). The amount was $10k. Current balance is ~$6,400 and is in deferment (1-2 months left on that). She agreed to pay it post-divorce but fails to do so unless her arm is twisted enough (usually when it becomes 120+ ... Read More »

                        Student Financial Aid Websites Illegally Billed Consumers

                        student loan debt

                        Today the Consumer Financial Protection Bureau filed a complaint and proposed consent order in federal court against Student Financial Aid Services, Inc. for illegal sales and billing practices. The Bureau alleges that the company, which until recently operated FAFSA.com, lured in consumers with misleading information about the total cost of its subscription financial services and hit them with undisclosed and ... Read More »

                          Who is SelectSLHelp.com Asks a Reader

                          Screen Shot 2015-07-23 at 12.38.02 PM

                          I received an email asking me if I knew anything about a new website SelectSLHelp.com. I have to admit, I’m scratching my head about the website. According to public domain records the domain name was created on July 1, 2015 but their testimonial page has testimonials that appear they have been around longer. One testimonial says, “SelectSLHelp.com was able to ... Read More »

                            Why is Navient Chasing My Cosigner for My Student Loans?

                            best_free_personal_financial_planning_software

                            Question: Dear Steve, I made the mistake of attending a for-profit college and, like most students, took out a bunch of loans to be able to complete my education. Also, like most students, I didn’t know what I’d be getting myself into with private loans, which were taken out with Sallie Mae (now Navient). I’ve been trying unsuccessfully to find ... Read More »

                              Bankruptcy Court Wants to Discharge Spousal Consolidation Student Loans. Educational Credit Management Corporation Says, “Not So Fast.”

                              Screen Shot 2015-07-22 at 1.55.52 PM

                              I have to admit I am totally perplexed by the media and popular myths that believe student loans can’t be discharged in bankruptcy. Even a lot of bankruptcy attorneys believe this wildfire myth. Thanks to some amazing readers and tipsters I’ve just received a collection of cases where the consumer managed to have their student loans eliminated in bankruptcy, right ... 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.