Home > Author Archives: Steve Rhode (page 3)

Author Archives: Steve Rhode

What Do You Know About the ITT Lawsuit?

kicked_in_the_nuts

Question: Dear Steve, ITT Tech graduate, associates of applied science in Graphic Design. Was told by school it was a prerequisite for game design. Program was dropped approx 1 month before graduation. Poor education. What do you know about this lawsuit? What do you know about this lawsuit against ITT. Too many scams out there nowadays. I was sent to ... Read More »

    I Can’t Afford a Lawyer to Stop My Wage Garnishment in Kentucky

    closeup of a gavel on cash, from above

    Question: Dear Steve, I had a good paying job and was able to take out a loan to help reestablish my credit. They used a car of mine as collateral and placed a lien on it. I lost the good paying job and was unable to pay the monthly payments. I have a husband who does not have a job ... Read More »

      Should I Get a Loan to Payoff My Parent Plus Loans?

      Drowning swimmer

      Question: Dear Steve, I am retired from one job after 31 years, with a pension and aprox.$90,000 in parent plus loan debt. I have not consolidated it but wonder if it’s time. I am paying the lowest amount allowed and am job hunting. I viewed the video by the other debt adviser which is why I’m asking you. Would a ... Read More »

        New Trump Credit Card Not For Mexicans or Ugly Women

        Drive Carefully

        In an effort to make America great again the Donald Trump campaign grabbed media attention this morning when it beat others to the punch in a virtual public relations riot. The announcement caught many off guard and was totally unexpected in its greatness. The announced plan describes an effort to churn the American economy faster than any other country since ... Read More »

          Payday Loan Scam Debt Collectors – Caught

          payday_loans

          At the request of the Federal Trade Commission and the Illinois Attorney General, a federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan “debts” they did not owe, or did not owe to the defendants. The defendants also allegedly illegally provided portfolios of fake debt to other debt collectors – ... Read More »

            Student Aid Institute – The Latest in the CFPB Crosshairs

            2015-03-10-1426017278-3359617-moneydollar-thumb

            The Consumer Financial Protection Bureau (CFPB) yesterday took action to halt a student loan debt relief scam that illegally tricked borrowers into paying fees for federal loan benefits and misrepresented to consumers that it was affiliated with the Department of Education. The CFPB is ordering the student debt relief company, Student Aid Institute, Inc., and its chief executive officer, Steven ... Read More »

              Certified Debt Reduction Notice – Utter BS

              Screen Shot 2016-03-31 at 9.29.09 AM

              So this Certified Reduction Notice arrived in the mailbox of one of my amazing readers. I have no clue what make this notice “certified.” Certifiable is more like it. The sales letter, that’s what it is, arrived in a plain envelope with little identifying information The letter inside doesn’t even say who the company is behind this. The claims made ... Read More »

                A Debt Collector is Chasing Me in Texas Over an Old American Express Bill

                Drowning swimmer

                Question: Dear Steve, Got an American Express card back in 2007 (I think). Got divorced, hadn’t worked in 20 years. Tried to open a restaurant lost all my money, couldn’t find a job, found one in 2013 part time. Finally found full time but I’m still not making enough money to pay off this debt. I was making payments for ... Read More »

                  Can I Payoff My Student Loan With Home Equity?

                  qa7

                  Question: Dear Steve, Took student loan for 2500, wasn’t able to pay so it piled up over fees and interest and is now 10k. How can I just pay it off at once and not have to pay the fees. I can put it on my home equity. I think I have enough. Josh Answer: Dear Josh, There is nothing ... Read More »

                    Is US Hardship Group Too Good to Be True? – Marie

                    Beautiful woman with question bubble

                    Question: Dear Steve, I’m a believer that if it seems too good to be true, it’s usually not true. But because I am a co-signer to a large student loan, I thought I would run this letter past you. It seems like a scam, but I’d like a second opinion. I’ve attached the letter. Is the attached letter a scam? ... Read More »

                      What Can I Do When I’m Being Sued by a Debt Collector

                      Salesman

                      Question: Dear Steve, I’m being sued by a debt collector for a recent charged off credit card debt. I only work part time and I’m struggling financially, thus the reason why I stopped paying my credit card bill. I simply didn’t have the money to pay it. Now I’m being sued. At least, that’s what I think its going to ... Read More »

                        It’s Unfair We Can’t Consolidate Our Spousal Consolidation Loan

                        help woman

                        Question: Dear Steve, I am in the same sinking ship (spousal consolidation); however, my wife and I are still together. We are both working for qualified organizations for the Student Loan Forgiveness Program, but AES and DOE will not approve it…Help!!! I really need help with this. I don’t want to avoid payments or the debt, but I do want ... Read More »

                          I Didn’t Graduate From Medical School But Have All the Debt

                          In God We Trust

                          Question: Dear Steve, I am 800k in debt for medical education but I failed the final national board exam and was dismissed from school with no degree. I have an Assoc degree that I can use to make 70k/yr but definitely won’t be enough to make my loan payments. 240k private 620k fed and maybe forgivable after 10yrs of 10% ... Read More »

                            Van Ru is Still Chasing Me for My Federal Student Loans

                            Whiteboard

                            Question: Dear Steve, Well I went to school for Commercial Illustration back in about 2000. I didn’t feel right about the large amount of loans they were giving me but I really wanted to be an illustrator, so I gritted my teeth and bared it. The few grants I did get started to dwindle more and more each year, while ... Read More »

                              Corinthian College Students to Get Student Loan Debt Forgiven

                              an Young happy woman at the computer

                              The U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with multiple state attorneys general. These campuses represent the largest group of borrowers eligible for loan relief so far from the ongoing investigation into ... Read More »

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