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Home > Author Archives: Steve Rhode (page 4)

Author Archives: Steve Rhode

Door Prepares to Slam for Student Loan Forgiveness Due to Fraud

And this picture is in honor of your husband.

Back in October of 2014 I wrote a story titled Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid. At the time I wrote that article some people said I was crazy. After all, how could people actually have their federal student loans forgiven because they were defrauded. Well the simple answer is because it is ... Read More »

    Is There a Private Student Loan Consolidation Program to Lower My Interest? – Adam

    Decision time

    Question: Dear Steve, I have about 96,000 in PRIVATE student loan debt. I got off to a rough start with payments when I graduated in 2011 but since late 2012 I have been paying faithfully and haven’t made a dent in the balance. I have written numerous times to Wells Fargo, Navient (first Sallie Mae) and AES (previously Chase) to ... Read More »

      How Can I Hide From the Student Loan Collector?

      Cows inside the snowy forest. High in the mountains of Navarra in Spain.
** Note: Slight graininess, best at smaller sizes

      Question: Dear Steve, I went to college from 1994-2001 with a break from 1994-1997 for a religious mission. I studied electrical engineering but they kept changing my course requirements and I did an internship I didn’t enjoy, and it was 2001, so my final semester was basically 911. I tried to pay but I have just lost my job every ... Read More »

        Can My Physicians Assistant Husband Find Any Help for His Student Loans? – Tammy

        medical-bills

        Question: Dear Steve, In our case have very low interest rates therefor we are able to pay each of the student loans in full payments every month. By the way my husband is a physicians assistant which as you know is 6 years of school so therefor we have 6 yrs of debt. The federal government loans are the ones ... Read More »

          I Make Too Much Money to Repay My Student Loans. – Nick

          chihuahua with a donation can collecting money for charity isolated on white background

          Question: Dear Steve, Great credit and can afford student loan payment, but I can only afford the interest only payment. Any options for a guy who wants to pay his student loans off, but hates how Sallie Mae, Navient, etc work? Essentially I need a 0 percent 30 year loan and I could pay these things off. I know I ... Read More »

            After Graduating My Field Can’t Support My Debt. – Julie

            An arrow graph trend shaped 100 dollar bank note showing an economic downward trend on an isolated background

            Question: Dear Steve, I am 58 years old and attended graduate school at a public school in an accredited program in vocational rehabilitation counseling. This degree has proven to be a dead end in my state. The state agency for which the vast majority of graduates end up working for is on the verge of collapse and employees are being ... Read More »

              Why Defaulting on Private Student Loans is Not as Crazy or Irresponsible as it Sounds

              detective

              Not long ago I answered a reader question and suggested they consider stopping payment on their cosigned private student loan in the face of no other better solution. You can see that reader Q&A here. In response to that post I received some feedback which is not unusual from people who don’t understand the complexity of the student loan crisis ... Read More »

                University of Phoenix Pushes Back Against FTC Investigative Demand

                ftc

                Court documents filed today certainly leave the impression University of Phoenix is dragging their feet in complying with a Federal Trade Commission investigation. In July of 2015 the FTC issued Civil investigative Demand requests to the University of Phoenix, requiring them to “produce material relevant to the Commission’s investigation, including information and documents relating to complaints, marketing and recruiting, student ... Read More »

                  We Are in Our 70s, in Debt, and Out of Money. What Can We Do? – Gwen

                  Performance transparency seems to be hidden or missing.

                  Question: Dear Steve, My husband and I are both in our 70’s. He’s 79 soon to be 80 and I’m 76 soon to be 77. We have gotten ourselves into a lot of debt. ($50,000) We started our retirement with a total of $400,000. Through bad advice and my husband not paying any attention what to was happening with his ... Read More »

                    Newly Blended Trade Association Moves Forward in Debt Relief Industry

                    chef

                    It’s always nice to see groups in the debt relief industry come together for the greater good. Effective in the early hours of 2016, two trade groups, mostly representing credit counseling organizations, decided to merge to become something bigger and better. The Association of Credit Counseling Professionals, Inc., known as ACCPros, and the Financial Counseling Association of America, formerly the ... Read More »

                      Persels and Associates Closed and I’m Being Chased for a Debt They Settled

                      little child crying with tears rolling down her cheek
** Note: Slight blurriness, best at smaller sizes

                      Question: Dear Steve, About 4 yrs ago, my husband and I were completely in credit card debt. We went through Persels and associates. I know what you’re thinking, NO DEBT CONSOLIDATION LOL! Anyway we were well on our way to being debt free. This past June, we paid off our last creditor. It felt so good! Well, I am now ... Read More »

                        I Graduated From College With So Much Debt, There is No Hope

                        changes

                        Question: Dear Steve, I am over $150,000 in debt from students loans, approximately 100k is from private student loans, 4 separate loans, while the remainder is various federal loans. I am 24 years old and got this debt from undergraduate education where I got a sociology degree and now at my first job make less than 35k/year before taxes. In ... Read More »

                          I Stopped Paying My Daughter’s Cosigned Navient Student Loan. – Rosie

                          caution

                          Question: Dear Steve, Hi Steve, I co-signed my daughter’s student loans which she and her husband stopped paying because Navient was asking for $1,100 a month (he lost the overtime advantage he was using to pay back the student loans) and all I could help towards that was $200. My daughter directed me to your site and we decided to ... Read More »

                            Will I Need My IRS ITIN to Get Married?

                            irsverify

                            Question: Dear Steve, I have an ITIN number I got it on 2006 I have not used it for my taxes since then but I have the original paper. How can I know how much I owe, where do I have to go, how can I use it? I am going to get married and I will need this for ... Read More »

                              Student Loan Consolidator No Longer Considers FICO

                              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.

                              following a successful pilot program that began in the fall of 2015, leading online lender SoFi announced that it no longer factors FICO scores into its loan qualification process. Instead, the company considers three criteria — employment history, track record of meeting financial obligations and monthly cash flow minus expenses — to determine if an applicant is qualified for its ... Read More »

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