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Home > Author Archives: Steve Rhode (page 23)

Author Archives: Steve Rhode

The Easiest Way to Stop a Student Loan Wage Garnishment – Loan Rehabilitation

casual woman saving money

I can’t tell you how frequently people ask me for the best advice to deal with an Administrative Wage Garnishment for a federal student loan. It’s quite often. And the tragedy is the wage garnishment could have been easily avoided. The loans should never have been allowed to get to that point because there are such good programs to avoid ... Read More »

    Can the Obama Student Loan Program Really Help Us?

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    “Dear Steve, So this is less my situation than my partner’s. Ryan had a bit of a rough patch in his younger days – a pretty long one actually – and managed to rack up a school loan debt without managing to graduate college. He has $18,000 on the books right now that has been deferred for years for different ... Read More »

      NourishLife Speak Claimed to be Unfair and Deceptive Says FTC

      Image from FTC complaint filed against company.

      The Federal Trade Commission has just filed suit against a set of alleged life improving supplement companies claiming the advertising and claims made was unfair are deceptive. NourishLife, which also does business as SpeechNutrients, Lifenutrients, PharmaOmega, and BeneOmega, is the target of this action. At the heart of this issue is some product name Speak. According to the NourishLife website, ... Read More »

        Three Ways I Made $3,200 in Less Than 10 Minutes. You Can Too.

        Young man looking shocked in tablet pc

        I write about debt issues all the time. I’ve done it for decades. Truly the best way to deal with digging yourself out of a financial hole is to adjust the balance of your money coming in and your dollars going out. It is a fact of life that every dollar saved in expenses is a dollar you don’t have ... Read More »

          I Was the Biggest Jerk to Get So Buried in Student Loans

          Frustration

          “Dear Steve, I have $130,000 in private student loans from Wells Fargo, Sallie Mae, Citibank and Discover. The minimum monthly payment is $1,595. Since graduating in 2011 with a liberal arts bachelor’s degree, I’ve made monthly minimums through myriad part time jobs, usually several at once, odd jobs and temporary positions through a staffing agency–never finding full time work and ... Read More »

            What is Your Opinion on Lending Yourself Money to Rebuild Credit?

            credit good

            “Dear Steve, Hi, I have a question about the finer points of manipulating your credit score. I’m a pretty financially savvy guy and I was doing great until the great recession hit right after I had financed an expansion to double the size of my small business. Although I fought hard, it was no longer a going concern and I ... Read More »

              This is How You Can Settle Your Navient Student Loan

              vector las vegas sign over the night star burst

              “Dear Steve, My wife has a reasonably large private student loan. I have recently come into money and would like to settle this loan with Navient for a lesser sum than what is owed on the loan. What is the best way to go about this and what questions should I ask in order to get a settlement? Chris” Dear ... Read More »

                Tell Me How to Remove a Hinson-Hazelwood Judgment From My Credit Report

                law books

                “Dear Steve, I have a loan in Texas (CAL Loan) that went into Judgement about 6 years ago. The principal on the loan is $49,161.47. With Interest and penalties the loan totals $59,388.38. I was under the impression that this was a federal loan, however I have come to understand it is not a federal loan. The lender is Hinson ... Read More »

                  What if I Just Pay Less Than They Want on My Student Loans

                  To get the real answers, do the math and listen to what it has to say. Math does not lie.

                  “Dear Steve, I received my master’s in 2011. I worked in my field for about 6 months until the job was dissolved due to a change in contract. During this time my son had major health problems and now I say home with him during the day and work part time in the evenings. My wife make good money but ... Read More »

                    The Fine Art of Getting Out of Debt

                    change your mind

                    Having helped people with problem debt since 1994 and having lived through financial problems myself in the late 1980s, I’m always amazed how badly people manage the art of getting out of debt. When I listen to “the debt experts” it almost seems they have never lived through really bad debt problems since they miss the most critical aspect of ... Read More »

                      My Peaks Student Loans Were Discharged in Bankruptcy. Weren’t They?

                      angry caller narrow

                      “Dear Steve, Filed for Ch. 7 Bankruptcy, officially discharged on Sept. 30, 2014. Had several Peaks Private Student Loans included in the discharge. They KEEP calling me and saying that they are not debts that can be discharged. They are demanding that I reaffirm the loan and refusing to call my attorney. They keep threatening to put this debt on ... Read More »

                        EOS CCA is Garnishing Our Wages Over a Student Loan

                        Frustrated

                        “Dear Steve, My husband received a call from the EOSCAA in Nov, 2013 that he owed $56000 on a student loan. Between Nov 2013 and March 2014 we tried to get to the bottom of the situation. In March the EOSCAA began garnishing his wages, twice a month at a rate of near $1000. I filled out and mailed in ... Read More »

                          My Mom Passed Away and I’m Paying Her Old Credit Card Bill

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                          “Dear Steve, My mom recently passed away and she has a credit card in her name on which I was an authorized user. My Dad who is still living was not on the account and did not know she had the card. I have been paying the bill for the last few months as my Mom was ill before her ... Read More »

                            How Can I Consolidate All My Private Student Loans

                            loan-approved

                            “Dear Steve, I’m looking to consolidate private/government student loans I have a few several outstanding loans with both public and private entities from graduate school (Navient, Nelnet, Discover student loans). is there a way to consolidate these all into one single debt/monthly payment? Peter” Dear Peter, If it was just about government student loans then the answer would be an ... Read More »

                              Scam Amish Heater Mailer Makes Me Curious – HS Payment Processor

                              Amish Heater Letter 3

                              Loyal readers know I typically focus on consumer debt related issues but this recent marketing piece sent to my dead mother made my blood boil. The outside of the marketing piece clearly appears to spoof an official government mailer. I think it tries very hard to trick recipients into thinking this is critical government mail, maybe from the Internal Revenue ... Read More »

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