Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

MD – The Gift That Keeps on Giving

The word assets frozen inside an ice cube

If you thought having VD was bad news, try having a bit of Morgan Drexen (MD). It seems all those who touched Morgan Drexen just keep on losing. The clients were unhappy, the government was unhappy, the CFPB is unhappy, Former CEO Walter Ledda has got to be unhappy, and now the current attorneys managing the remaining clients have had ... Read More »

    Reader Wants a Mortgage Law Group Lawsuit Update

    Hello I Am Suing You words on a name tag sticker informing that someone is bringing a lawsuit against you in a court of law

    Question: Dear Steve, Can you advise us readers as to the status of the CFPB case against the mortgage law group? What is happening? Answer: Dear Anonymous, So the Consumer Financial Protection Bureau (CFPB) sued the Mortgage Lw Group in 2014. See this, this, and this. I took a look at the court docket and the case is still ongoing. ... Read More »

      How Can I Get My Ex-Wife Off the Deed?

      Relationship Concept Couple In Divorce Crisis

      Question: Dear Steve, I have been separated legally in the state of New York and I had taken my wife at the time I refinanced a rental property in Florida since at the time we lived down there that we had both had our names on the deed. She told me when we refinanced here in nyc at the time, ... Read More »

        A Good Time to Remind Debt Relief Companies of This Opportunity

        Contribute Corporate Collaboration Support Contribution Concept

        Recently I was engaged in a discussion where the other person was making comments that I am always against the debt relief industry. This is probably a great opportunity to again remind any and all debt relief companies that I have a standing offer to publish any good news and press releases they want to share. In the menu above ... Read More »

          Do Regulators Treat Debt Relief Companies Unfairly?

          Stone Balance

          I was just sitting down with a friend in the debt relief industry who leans a lot further right than I do as a liberal lefty. I always enjoy the alternative point of view conversations on topics and that person does always make me smile because of the diverse points of view we often have on the same debt relief ... Read More »

            Why Are My Accounts in My Chapter 13 Bankruptcy Reported Delinquent?

            Payment History Definition

            Question: Dear Steve, I filed for bankruptcy in 2009 and it was discharged in 2014. My mortgage was included in this. My question is whether or not my mortgage company can report my mortgage as being late 30, 60 even 90 to 120 days late while in active bankruptcy in 2010, 2011 and 2012? Thanks. Donald Answer: Dear Donald, It ... Read More »

              I’m Taking the Tax Benefit for My Father’s Parent Plus Loan

              Student Loan installment payment check paying back money owed in obligation for borrowed funding for college or university education

              Question: Dear Steve, I am in debt for around $100k from going to a private design school in Nebraska. I owe around $20k in Fedloans and $80k in Parent Plus loans that my dad signed for. I am paying I consolidated all of my loans as much as I could and opted for the lowest monthly payments possible. I pay ... Read More »

                Can I Just Say Goodbye to My Private Student Loans Under the Statute of Limitations?

                Sad Goodbye

                Question: Dear Steve, Thank you for providing a resource like this. My situation is rather mild, but the numbers are rather extreme. I have some federal student loans and 2 different companies for private student loans. I have $70,000 in student loans, and I am not able to find a job in my field, so I am only making $20,000 ... Read More »

                  I’m a Teacher, Pregnant, and Trying to Pay Off Student Loans

                  teacher_appreciation_week

                  Question: Dear Steve, I graduated in 2008 with $8000.00 on a private loan through Sallie Mae, which has become Navient. This is a private loan company. I also have federal loans, but those seem to actually be going down, and I am eligible for teacher loan forgiveness on the federal ones. I am on income-based repayment through Navient, but after ... Read More »

                    My Son Stole My Credit. Will the Judgment End When I Die?

                    From Massachusetts, a 1729 Judgment to make payment or be thrown in jail.

                    Question: Dear Steve, About 10 yrs ago, my son stole my credit cards and maxed them out..I could not pay them, but was able to pay what I could..sometimes min amt due and sometimes not.. Anyway, I got papers to go to court because I was being sued..My son said he would go to court and tell the Judge it ... Read More »

                      They Said the Rest of My Student Loan Would be Taken Care Of

                      Hand holding magic wand with sparks attracting money from top hat. Success wealth trick lie deception fraud cheating magic fast money concept. EPS 10 vector illustration no transparency

                      Question: Dear Steve, I had a student loan. They say I owe them around 6,000 and said if I wait to pay it then I’m guessing my interest rate will go up and it will be hard for me to get another loan. Is this true? They claim that if I do a monthly payment 3 times of 200. The ... Read More »

                        I’m on SSDI and in Debt But I Don’t Want to Hurt My Credit Score

                        mistake

                        Question: Dear Steve, Lost job in 2007 became total disabled in 2012 now on total SSDI. I have credit cards, and student loan in the range of $28,000. which would be the best way to go as for getting out of debt I’m hardly getting by each month. I’m not late on payments and I have a credit score of ... Read More »

                          What I’m Reading on May 13, 2016

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

                          For Nebraska’s Poor, Get Sick and Get Sued Nebraska’s flood of suits isn’t merely a reflection of residents’ inability to pay their bills. About 79,000 debt collection lawsuits were filed in Nebraska courts in 2013 alone, according to a ProPublica analysis. In New Mexico, a state with a population, like Nebraska’s, of around two million, about 30,000 suits were filed. ... Read More »

                            Is It Possible to Use Debt Settlement for Student Loans?

                            Debt Settlement Advice

                            Question: Dear Steve, I’m currently dealing with $103K of private loan debt (plus another $23K in federal loans). My cosigner on two of my largest loans just ended a bankruptcy at the beginning of 2016, so those loans now have monthly payments due at around $1,000 together. I have been continuously paying a fourth private loan at $400/month cosigned with ... Read More »

                              How Can I Reduce My Student Loan Balance?

                              hiding

                              Question: Dear Steve, I have taken out loans to pay for college. Several of them are from Sallie Mae, which is now Navient. Over the past 20 months, I have been unemployed for 14 of them. I was initially laid off in Sept of 2014, and again in Oct of 2015 my 6 month contract ended with another company. I ... Read More »

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