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Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

Can I Settle My Student Loan Debt With LendKey or Aspire Federal Credit Union?

Moving up and the power of success with a growing tree in the shape of wings that has emerged out and has taken flight upward to opportunity as a business concept of the evolution of successful leadership and strategic planning.

Question: Dear Steve, Private loans. Debt balance $39K. I have switched lenders many times. Finally got an interest rate lower than 8.9%, making some head way on my loan however I’m still being jerked around. Is it possible to request a settlement on a current loan? My lender is LendKey. They had me go through a credit union (Aspire) I’m ... Read More »

    Is Income Based Student Loan Forgiveness a Real Reality?

    The American flag hangs proudly with a blue sky background on Main Street in Hometown America.

    Question: Dear Steve, After 12 years of schooling to obtain a doctorate in veterinary medicine as well as a masters in public health, I managed to accumulate over $300,000 in students loans by the time I graduated in 2009. Following a 1-year internship where I needed to defer the loans, this increased even higher. Consequently, I have had to transition ... Read More »

      How Will I Be Able to Repay the IRS?

      irsverify

      Question: Dear Steve, Hi Steve- I am a 57 year old single father and am in a lot of debt- and just did my taxes and owe the IRS $3500 which I do not have. I accumulated too much credit card debt and can barely afford to put food on the table after bills are paid. I had to pay ... Read More »

        I Can’t Afford to Pay My Mom’s Parent PLUS Loan for My Education

        Skidding

        Question: Dear Steve, Hey there, so my stepmom took out a parent plus loan to the tune of $100k to pay for my tuition. Obviously, I’m the one stuck with that bill now. She makes about $18k per year so she can’t pay it nor can she help me pay it. The curveball here is my Dad. My Dad makes ... Read More »

          Should I Just Defer My Navient Loans? – Katie

          crystal ball

          Question: Dear Steve, Hi Steve. So I just spent an hour calling at least 5-7 different numbers of Navient’s trying to find information about my newly defaulted private loans. Because they literally defaulted today, all I was told is to call back by Friday when they’re in the system. My question for you is if I have the option to ... Read More »

            Orange County Mortgage Modification Telemarketers Arrested

            Dead man walking - Sad prisoner with handcuffs in prison with orange clothes

            Seven Orange County residents were arrested Tuesday morning and face federal fraud charges in connection with a boiler-room mortgage loan scheme that required homeowners to pay thousands in upfront fees. A federal grand jury in Connecticut returned an indictment on: • Aria Maleki, 33, Santa Ana; • Serj Geuttsoyan, aka Anthony Kirk, 33, Santa Ana; • Mehdi Moarefian, aka Michael ... Read More »

              ClearPoint Credit Counseling: The Latest TCPA Victim

              Cure the disease

              Update According to Thomas Nitzsche with ClearPoint, the case below has been dismissed. In what is becoming a series of Telephone Consumer Protection Act (TCPA) cases against debt relief companies, ClearPoint Credit Counseling has become the latest target. On December 23, 2015, ClearPoint was sued in a class action case in California. The Plaintiff claimed ClearPoint secretly recorded conversations, placed ... Read More »

                CFPB Discloses Why People Complain About Debt Settlement and Credit Repair

                CFPB Consumer Complaints

                The CFPB took a look at complaints it has received and shared why most consumers seem to complain about debt settlement and credit repair services. The Consumer Financial Protection Bureau said: “Excessive fees for debt settlement and credit repair services: Of all complaints marked as other financial service, 60 percent of them were about problems consumers had when dealing with ... Read More »

                  Before You Enrolled in College Did They Tell You Your Degree Sucks?

                  warning

                  In my ongoing thread over the concern colleges and universities have been enrolling students and not giving them the window sticker of what was really to be expected (see this, this, and this) comes this interesting information out today. While some students were induced to enroll in college and go deep into debt, there is growing concern that the messages ... Read More »

                    FTC Makes Case Students Deceived in College Enrollment

                    happy

                    I’ve been rattling on about a trend I’m seeing in college enrollment deception and the ability for people to file a claim to discharge, in full, their federal student loans. See this article. I’ve advised haste to get claims in and what to do before the door closes on this current process. See this article. The basic issue is students ... Read More »

                      Federal Trade Commission Lawsuit Against DeVry University

                      3D computer icon for my documents .

                      Copy of Federal Trade Commission lawsuit filed against DeVry Education Group, DeVry University, and Devry/New York on January 27, 2016. Read More »

                        Why is Berges Law Group Checking Client’s Criminal History for Credit Repair?

                        Berges Law Group

                        So the strangest thing just happened. A reader filled out this debt relief company review form on Helping America Group and attached a copy of their client agreement. The agreement included Breeze Financial Solutions, Helping America Group, and 321 Financial. But here is where it got a little odd. Over in this article the relationship between a number of these ... Read More »

                          Whistleblower Lawsuit Against ITT Technical Institute

                          3D computer icon for my documents .

                          Lawsuit filed by insider against ITT Technical Institute that is referenced in this article. Read More »

                            Lawsuit Against College is a Bombshell of Deception

                            time bomb

                            Both for-profit and non-profit colleges and universities are going to come under much more scrutiny very quickly as more people awaken to the reality they were lied to and deceived by schools to get them to go deep in debt. Want to know more, see Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid. I’ve been ... Read More »

                              Can We Take Over the Parent Plus Loan from Mom?

                              The American flag hangs proudly with a blue sky background on Main Street in Hometown America.

                              Question: Dear Steve, My wife and I are both active duty military. All of my college was paid for using the GI Bill and Tuition Assistance. Unfortunately, my wife did not join the military until her second year of college so she had to get a loan to pay for her out of state tuition. She took the loans out ... Read More »

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