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Home > Author Archives: Steve Rhode (page 32)

Author Archives: Steve Rhode

I’m Going to File Bankruptcy. Do I Just List My Student Loans? – Jayna

Travelers Reflection

“Dear Steve, I am claiming bankruptcy and have been unable to secure steady employment since graduation. How would I file my papers to request the discharge of my student loans. Some are private through Well Fargo with a co-signer and some are student loans starting in 2002. The total amount is around $60,000 Jayna” The Answer Dear Jayna, You should ... Read More »

    I Filed Bankruptcy and Listed My Student Loan Debt. – Kevin

    Winter Latice and Pergola

    “Dear Steve, I had my bankruptcy discharged in April, 2013. I just read your article on discharging student loans, and did not see the school on the list that I attended, I have a loan from sallie mae that is currently with a collection agency. Is there a amendment or special request I can file to see if I can ... Read More »

      I Saw a Commercial for Student Loan Debt Help. Are They Legit? – Katie

      asian dragon

      “Dear Steve, I saw a commercial with a website claiming to help with student loan debt. They listen a website and a phone number. The website was www.studentloansupport.us. Once I filled out a small questionnaire I was notified by phone from the company. A guy named Travis asked for some background info such as Name, where I work, if I ... Read More »

        Town & Country Acceptance Corporation Debt Management Mailer

        town and country acceptance back

        Town & Country Acceptance Corporation recently sent out the following postcard to residents in Ohio. Town & Country Acceptance Corporation describes themselves as a debt management company. – Source An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Read More »

          If a Parent PLUS Loan Borrower Dies Will the Child Have to Pay it Back? – Cathey

          Cemetery Caution

          “Dear Steve, Young lady’s mom had taken out a parent plus loan, the Mom passed. Does the loan automatically become the debt of the student? The student is of course now being told to pay it. I thought since the parent took it out, the debt died when she died. Is there any help in this situation? What happens with ... Read More »

            I Died Last Year. Should I Go Bankrupt? – Gary

            Wrecked and Abandoned

            “Dear Steve, I am broke had a heart attack last year and died for 4 to 6 minutes. I borrowed 55,000 from the bank for a business which is not about anymore. My wife did not sign on the loan at the bank either. She has a business now and helps me live by giving me a 50.00 per week ... Read More »

              Need to Get Rid of My Student Loans to Start a Family. – Mike

              couple working

              “Dear Steve, Graduated 2006 and now have $12k more debt then original 2 Private Tuition and 4 Private student signature loans with Sallie Mae. Last loan of which was with 1 semester to go for nearly $30k and seems after this article to be def in the category of non education necessity kinds. I am delinquent month after month and ... Read More »

                Who Can I Trust for Debt Relief Help? – Barbara

                classified

                “Dear Steve, Trying to read all of your advise … looking to the RIGHT debt relief/help for our situation. Owe about $5,000 in credit cards, not making enough money to make minimum payment. When an advertisement pops up on the screen… is it endorsed by you? Or is this a Google thing? Freedom From Debt Relief Add popped up. How ... Read More »

                  Can I Get Rid of My Culinary School Loans in Bankruptcy? – Daniel

                  chef

                  “Dear Steve, I went to a for-profit culinary school in 2003. They did not receive accreditation until 2004. I have been struggling with private loan debt (montly payments upwards of 1,100 per month originally) since. I had them consolidated in 2007 at a 4.5% rate. Given that my school did not receive accreditation until after I completed courses, would I ... Read More »

                    My Mother Cosigned My Son’s Student Loans. – Becky

                    White Picket Fence

                    “Dear Steve, My mother co-signed two private student loans for my son. One with Wells Fargo and one with Sallie Mae. She has now passed away. There is no estate. Will the loaners be willing to renegotiate the loans with my son? He has just graduated and not started making payments yet. Becky” The Answer Dear Becky, I’m sorry to ... Read More »

                      California Foreclosure Rescue Scammer Headed to Jail

                      mans hands behind bars in jail or prison

                      Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Melinda Haag, United States Attorney for the Northern District of California, today announced that on November 26, Walter Bruce Harrell, 72, of Montara, Calif., was sentenced to 10 months in federal prison and three years of supervised release for bankruptcy fraud and for providing false statements in ... Read More »

                        Is It True My Brother With Mental Illness Can Eliminate His Student Loans? – Josh

                        Desperate

                        “Dear Steve, My younger brother has been diagnosed as a paranoid schizophrenic. He has fought bouts of depression, hallucinations, and paranoia for the last 5-6 years. He has been on numerous different powerful drugs to help him. He, thank god, has finally found one that helps him with some of his symptoms but no way near is he the same ... Read More »

                          I Filed Bankruptcy and Creditors Are Still Reporting Delinquent Debts. – Nancy

                          beautiful girl on stool with laptop

                          “Dear Steve, I have a question with regards to bankruptcy and negative reporting by creditors. I filed for bankruptcy on 4/1/13 and the Bankruptcy Automatic Stay kept creditors from collection efforts. The bankruptcy was discharged on 7/31/13 which then reverted the automatic stay to a permanent discharge. From what I understand, creditors cannot collect on the discharged debts, as well ... Read More »

                            Were My Student Loans Eliminated in My Bankruptcy? – Erika

                            college-class

                            “Dear Steve, I obtained a Private Student Loan through Loan to Learn (Educap, inc. 5Star bank) in 2004 for $30,000 that required payment towards a variable interest rate while in school. I have paid on time from 2004-2012 before facing a hardship. With an average monthly payment of $300 (sometimes higher, sometimes lower) I have paid well over $25,000. I ... Read More »

                              Sallie Mae Took Advantage of Me When I Was. – Nicolle

                              hiding

                              “Dear Steve, I have 5 student loans, currently totally about $48,000 after 6+ years of repayment. Two of them are private loans at only about $1,300 each, another private is at about $8,000, my only federal loan is at $11,000, and my bear of a loan is a private loan with Sallie Mae, currently at approximately $26,000 (original borrowed amount ... Read More »

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