Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

Can I Consolidate My Sons Student Loans With My Federal Student Loans?

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, I am a single parent and accumulated some debt (credit cards, student loans) when I was unemployed. I have since paid down most of my credit card debt and remain with $4000 after owing $25k. I have been consistently employed at a non-profit for the last 11 years. My son (age 25) is now looking to transfer ... Read More »

    I’m a Pilot. Can My Student Loans Be Discharged in Bankruptcy?

    You want your pilot to use a checklist so they don't miss anything important, don't you?

    Question: Dear Steve, I am a pilot who currently has several private student loans that are making me unable to own a home or even live on my own. I was a victim of scam in which they said my loans would be discharged in court meanwhile I was supposed to pay a very large fee. Upon some investigation I ... Read More »

      Permanently Disabled People Eligible for Total Federal Student Loan Forgiveness

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      The Obama administration is rolling out plans to forgive the federal student loan debt of people who are designated as permanently disabled by the Social Security Administration. This is estimated to forgive about $8 billion in federal student loans and assist debtors who are permanently disabled from having benefits garnished and forcing them through struggles with their student loans. The ... Read More »

        Once I Remove My Cosigners, Should I Default on My Private Student Loans?

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        Question: Dear Steve, I made the mistake of taking out private student loans to finance my college education and am neatly 100k in the hole. Three years removed from graduation, I’m at a job making 37k/year (before taxes), still live at my parents’ house with no realistic target date of ever moving out, and I allocate over HALF of my ... Read More »

          After 20 Years, My Old Crappy Student Loans Resurfaced

          puzzled looking little boy looking to the left

          Question: Dear Steve, I have student loans that are nearly 20 yrs old. I stop paying them because the school i attended went bankrupt and my degree was basically useless as it was a Technical school. I went thru a chapter 13 bankruptcy and tried to include the loans but they were not dismissed. I never got an email or ... Read More »

            Did You Pay for HSBC CreditKeeper? You Can Get All Your Money Back.

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            HSBC Bank has been ordered to pay a $35 million penalty for not delivering what they promised to consumer regarding their credit monitoring product, CreditKeeper. Customers eligible for restitution include those who were unfairly billed for CreditKeeper, a credit-monitoring product marketed and sold by the bank, its affiliate HSBC Bank Nevada, N.A., Las Vegas, Nevada, and their vendors. The restitution ... Read More »

              I Screwed Up My Credit Score. Is There Hope to Bring it Back?

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              Question: Dear Steve, Several accounts past due on my credit report due to some medical problems last year. Trying to raise my score by 30-50 points to obtain a home loan. I have approximately five accounts with minimal balances that for some strange reason, I stopped paying all together last year. Please do not judge as it was a tough ... Read More »

                Download Free Book on Business Credit

                FYOB-free (1)

                Shortage of capital is the biggest challenge entrepreneurs say they face, and one of the most common reasons they fail. That’s the reason Rich Dad Advisor Garrett Sutton and Nav’s Head of Market Education Gerri Detweiler teamed up to write Finance Your Own Business: Get on the Financing Fast Track, a guide that will help you at any stage of ... Read More »

                  Did the Private Student Loans Vanish Under the Statute of Limitations?

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                  Question: Dear Steve, My husband has some private student loans which were taken out in 2002 and his mother cosigned on them. She has made payments at some point on this loan, although I have no idea when or how much. It has now grown to $101,000. Living in Florida, I am familiar with the statute of limitations law. In ... Read More »

                    Will the Government Come for My Social Security Over My Parent Plus Loan?

                    Businesswoman does the questions

                    Question: Dear Steve, As a single parent I was relieved to obtain a Parent Plus Loan, of which was far beyond my financial capacity. Now I look back on my single parent guilt, not realizing the predatory nature of this loan. What is the latest status on garnishment of Social Security for Parent Plus Loans? Is there any new legislation? ... Read More »

                      Will You Really Help to Fund My Debt Consolidation Loan?

                      Handshake with Money Sign

                      Question: Dear Steve, I have $40,000 in credit card debt (accruing interest) and about $10,000 currently on 0% promotions. Tried to consolidate via credit union or with Wells Fargo a several times over the years. They all declined for the same reason: too many high balances on revolving debt. Well duh, that is the point of getting a debt consolidation ... Read More »

                        My Home is Being Sold in My Bankruptcy. Do I Have to Move Now?

                        Contemplation and introspection are far better tools to deal with problem debt than knee-jerk bad solutions.

                        Question: Dear Steve, Hello,I filed a chapter 7 in NH a month back and the trustee is selling the house to settle the estate (no mortgage involved, house is owned outright). I have been informed from my lawyer that she will receive $120k from homestead protection after the sale. The trustee wants me to move out within 45 days or ... Read More »

                          Does My Mother With Cancer Have to Pay Taxes on Her Crowd Funding Campaign?

                          Closeup portrait of handsome young man looking shocked surprised in disbelief with hands on face looking at you camera isolated on background. Positive human emotions facial expressions

                          Question: Dear Steve, My mother was recently diagnosed with stage III cancer. She (nor any of us) does not have much money. Luckily, she has insurance, but it is income based. I want to a crowdfunding campaign to help her with finances, but I don’t want it to push her out of being eligible for insurance. It seems that things ... Read More »

                            I Got a 1099-C From an Old Marriott Timeshare Debt

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                            Question: Dear Steve, I received 2 1099-c in March. The first was for a Marriott Timeshare. The second was for a Credit card debt incurred in a business my husband had at the time. My husband and I are still married but have been separated for almost 2 years. I live in CA Last payments on this debts occurred in ... Read More »

                              I Don’t Want to Pay My Private Student Loans Anymore

                              On a white background little children express the delight of karate lessons

                              Question: Dear Steve, Graduated 2011 from Houghton College. Lives in DC. Paying $600 a month for student loans. Read your article about the ten reasons to stop paying private student loans. I’m to a point where I don’t want to pay and its killing me. I’m still living with my parents because I cannot afford to move to a apartment ... Read More »

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