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Author Archives: Steve Rhode

We Can’t Pay Our NJCLASS Student Loan. What Now?

Sagging Economy

“Dear Steve, I cosigned with my daughter for a State of NJ (NJCLASS) loan. Currently I am retired and living on social security and a small pension of $700 per month. I have no assets such as a house, savings or other tangible property. Currently Living in Phoenix AZ. My daughter is working part time since she has not been ... Read More »

    What is the Best Way to Get Rid of My Student Loans?

    broken piggybank with dollar notes

    “Dear Steve, I have a ton on debt. 36,000 in private student loans and 46,000 in Federal student loans. In 2010 I filed for bankruptcy and in 2012 I had brain surgery. I am now currently working and want to get this debt off my back. How would you suggest that I get rid of it. Navient has agreed to ... Read More »

      My Ex-Wife Took Out a Loan in My Name Using a Power-Of-Attorney

      boxer

      “Dear Steve, Wife and I separated in 2005. In 2006 wife took Specialty Loan using a general power of attorney I had given her in case of emergency which was the same year of the loan. About 10 month ago she stop paying the loan. I’m currently under investigation for a government clearance and this might affect the outcome. They ... Read More »

        Be Magically Debt Free Today – The Best Christmas and Hanukkah Gift

        Steve Rhode - Get Out of Debt Guy

        The holiday season weighs heavily on our bank accounts. It seems there are two camps at this time of the year, those that spend to much and those that wish they could spend more. Both camps carry a common guilt. For those that overindulged on spending during the holidays, the traditional holiday hangover will arrive in January. The Post Office ... Read More »

          FTC Stops Payday Loan Scammers From Tapping Bank Accounts

          ftc

          A data broker operation sold the sensitive personal information of hundreds of thousands of consumers – including Social Security and bank account numbers – to scammers who allegedly debited millions from their accounts, the Federal Trade Commission charged in a complaint filed today. According to the FTC’s complaint, data broker LeapLab bought payday loan applications of financially strapped consumers, and ... Read More »

            Consumers With Mortgage Problems Continue to be Gullible Lambs

            Big Scam Dog

            After writing about consumer debt issues for decades now, I have to admit it gets very frustrating watching people fall for the same old scams over and over. Do people never learn or does commonsense and logic just fly out the window the minute someone shoves an official looking document in your face? The SIGTARP (Special Inspector General for the ... Read More »

              Thomas Macey and Jeffrey Aleman Get Slapped by IL Board

              Bitch Slap

              For some time now there has been an open action by the Illinois Attorney Registion and Disciplinary Commissions against Macey and Aleman of Legal Helpers Debt Resolution. Well the final report is out and it surprised me. Well, I wasn’t shocked that Macey and Aleman were recommended for a two year suspension as lawyers. But I was surprised how much ... Read More »

                How Do I Get Navient to Settle My Federal Student Loan for Less?

                Adult Ed - Questions

                “Dear Steve, I have a student loan with Navient (formerly Sallie Mae). A relative of mine has come into some money and has offered to pay on the load (in full), however, they have urged me to try and negotiate a settlement deal. Having spoken to my friends at Navient, I was informed by three separate people there, that one ... Read More »

                  AFBC and Student Loan Payment Reduction Department

                  inside of mailer

                  An amazing reader, JMAN sent in a new debt relief mailer through my I Buy Junk Mail program. This one is for something called the Student Loan Document Preparation and Processing Services Program, Student Loan Payment Reduction Department, and AF Student Services. The key here is nothing in this self mailer is clearcut. The outside of the mailer looks like ... Read More »

                    CT Kicks More Debt Relief Ass. When Will the Industry Learn to Not Piss Off CT?

                    oops

                    Maybe more in the debt relief world can learn by the unfortunate actions below by the Connecticut Department of Banking. I’ll let their words give the lesson that needs to be learned. LOCN, Inc, United Relief Services – December 3, 2014 1. LOCN Inc. d/b/a United Relief Services CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, ... Read More »

                      Government Goes After Student Loan Assistance Companies

                      The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans. The CFPB went so far as to say they “took action to put an end to two student “debt relief” scams that illegally tricked borrowers into paying upfront ... Read More »

                        FTC Shuts Down Scads of Phony Mortgage Relief Scammers

                        Stop Countrywide Mortgage Abuse

                        The Federal Trade Commission has announced a federal court has entered orders against 22 defendants who offered financially strapped consumers fake home-loan modification services that the FTC claims violated the FTC Act and the Mortgage Assistance Relief Services (MARS) Rule. The MARS Rule bans mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer ... Read More »

                          I Co-Signed With Sallie Mae for My Daughter. Now They Want to Sue Me.

                          warning

                          “Dear Steve, I am having an issue with Sallie Mae student loan debt that I co-signed for. They are threatening to sue me since my daughter cannot pay the debt. I am unemployed and have been out of work off and on for over 6 years. I have only worked 5 weeks this whole entire year. I have no assets ... Read More »

                            Do I Need to Leave My Boyfriend Because of His Debt?

                            process

                            “Dear Steve, Where do I begin…. Well first this question is about my boyfriend more so than me. My boyfriend just turned 34 and I am about to be 27. When I met him he had just been laid off from his sales job in 2011. He had to move out of his apartment and move in with a friend. ... Read More »

                              How Do I Rehabilitate my Wells Fargo Student Loan ACS Education is Servicing?

                              Student Loans Concept

                              “Dear Steve, I am currently having my wages garnished for a defaulted student loan and am trying to find information on rehabilitation. I am fairly certain that since my financial situation has significantly improved I would be able to successfully make the additional payment required for the first 9 months of rehabilitation to remove my loan status out of default. ... Read More »

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