All posts by Steve Rhode

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  5 Money and Credit Lessons From People Who Went Bankrupt

  Erica Sandberg (@EricaJSandberg), San Francisco’s worst hockey player, just posted an article about lessons learned from or about bankruptcy. Erica discovered there were good lessons to be learned from bankruptcy. 5 Money, Credit Lessons Learned From Bankruptcy...

  • Posted May 2, 2018
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  I’m Disabled and Being Sued About Past Due Credit Card Debt

  Question: Dear Steve, I am being sued over a $2600 debt with CC company. I am fully disabled. My income comes from two sources, SSDI and private disability insurance. I know that SSDI is not garnishable, however,...

  • Posted May 1, 2018
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  What Options Does My Sister Have to Repay Her Unaffordable NJCLASS Loans With HESAA?

  Question: Dear Steve, My sister is behind on a 27,000 NJ Class (HESAA) loan and she (along with my parents who are on a fixed income) have received court summonses. She is an EMT and works for...

  • Posted May 1, 2018
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  If My Student Loan Debt Was Sold Does That Restart the Statute of Limitations?

  Question: Dear Steve, Old BOA student loan debt sold to Student Loan Solutions. State of residency: Maryland If a debt was written off, last payment made was in 2009, the debt was sold in 2017, does the...

  • Posted May 1, 2018
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  The Best Paying Jobs Without a Four-Year College Degree

  Student loan debt is crushing the dreams and futures of so many students. People are marching towards college with an expectation it will solve everything. The reality is Maybe You Should Not Go to College. Having a...

  • Posted May 1, 2018
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  Department of Education Shocked Corinthian College Students Believed Them

  The Department of Education recently changed their position in forgiving federal student loans that students of Corinthian Colleges several schools were burdened with after the schools were found guilty of misleading students and deceit. Leap back to...

  • Posted May 1, 2018
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  2005 Bankruptcy Reforms “Failed Miserably” to Help Students

  It’s official, bankruptcy reform in 2005 totally sucked for people with private student loans. Academic research shows lenders won and consumers lost. Here is the abstract from a paper in the Harvard Law & Policy Review by...

  • Posted May 1, 2018
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  Freedom Debt Relief Facing More Court Actions Since Being Sued by CFPB

  It cannot be fun times at Freedom Debt Relief right now given the number of actions that have placed them in the crosshairs. It looks like the bad times are continuing. While I was checking on any...

  • Posted April 30, 2018
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  Doc Prep Company Raided by FTC. Workstations On But Employees Missing.

  Another debt relief company has fallen under the big hammer of the Federal Trade Commission. This time it was American Home Servicing Center who was trying to skirt the law as a “Documentation Preparation Company.” It’s the...

  • Posted April 30, 2018
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  How to Deal With a New 1099-C Issued on Old Debt Using Little Known IRS Form 4598

  It seems more and more people are getting tax form 1099-C issued now for the forgiveness of old debt from as long as twenty years ago. That’s a problem for consumers. This old debt is sometimes called...

  • Posted April 27, 2018
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  How Do We Get My Wife’s Ex-Husband to be Completely Responsible for Their Forgiven Debt?

  Question: Dear Steve, The situation is similar to this article from 2013. My wife and her ex-husband had a loan for an RV. They divorced in 2010, and as part of the divorce decree, he was responsible...

  • Posted April 27, 2018
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  I’m Really Pissed Off at American Express and Want to Punish Them

  Question: Dear Steve, I’ve been an excellent American Express customer for many years. Recently, I was not treated like an excellent customer. A phone call got the problem corrected, but it should never have occurred in the...

  • Posted April 27, 2018
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  CCS Financial Services CFPB Complaint Demonstrates Need for Credit Repair

  Question: Dear Steve, I have been a reader of your posts for several years, and am a big fan. My comment is on one of the posted CFPB complaints that have been filling up my email inbox...

  • Posted April 27, 2018
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  Just Because You Are Being Chased for Student Loan Debt Does Not Mean You Owe It

  Question: Dear Steve, I attended college on a company education program. The program signed and send the voucher tuition check to the school. later, after the time to drop the class with no fee had passed the...

  • Posted April 27, 2018
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  Greenwise Debt Relief – Scam, Complaint, Review, Or Praise?

  Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to...

  • Posted April 25, 2018
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