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Home > Author Archives: Steve Rhode (page 40)

Author Archives: Steve Rhode

My Husband Had His Sallie Mae Student Loan Discharged in Bankruptcy. Can I? – Lindsey

Student Loan Corkboard Concept

“Dear Steve, I declared bankruptcy almost 5 years ago and the attorney told me that it was impossible to discharge student loans. However Sallie Mae immediately discharged my husbands private student loan of $165K without a fight or even asking them to, but not mine for 23K. I was wondering if I could still add that to the BK since ... Read More »

    What Do I Do When I Can’t Afford My University of Phoenix Loans? – Eloise

    College Tuition Expenses

    “Dear Steve, I have private student loans with University of Phoenix. I was able to pay off one of the loans however due to my low income I have not been able to make any payments on the outstanding ones. I am several months behind and I do not see the situation getting any better. I talked to a lawyer ... Read More »

      Serial Debt Relief Scammer Busted Once Again by FTC

      ftc

      Under settlements with the Federal Trade Commission, the defendants in two Tampa, Florida-area operations that allegedly bilked consumers of millions of dollars are banned from providing various types of financial services used in their schemes. In the spring of 2012, at the request of the FTC, a court shut down the two operations. According to the FTC, the defendants used ... Read More »

        Consumer Assistance Project Agreement for Student Loan Services – Review

        black-hole

        Yesterday I had a consumer complaint and a story about Consumer Assistance Project, a company claiming to offer student loan elimination services. After writing my story I received a copy of a consumer agreement that was sent to them by Consumer Assistance Project. What follows is a plain language review of what the agreement says. And this one is a ... Read More »

          You Mean My Flight School Student Loans Can Be Eliminated in Bankruptcy? – Scott

          Pilots in the cockpit during a commertial flight

          Huffington Post Reader Question Dear Steve, Student loan debt can’t get out of it and have filed bankrupt 6 yrs ago and included it in but wasn’t able to get rid of it it’s a private student loan I was able to discharge my sallie Mae student loan but not my MRU student loan. MRU filed bankruptcy and now I’m ... Read More »

            Consumer Assistance Project Website Raises Real Concerns. Be Careful.

            Big Scam Dog

            A reader just submitted a complaint report about a company called Consumer Assistance Project. The consumer said the company said that for a fee they could “help eliminate debt and because I am a teacher, it was to be very successful.” The fee charged is alleged to be $5,698. This of course raised substantial red flags for me since there ... Read More »

              CFPB and FTC Want Debt Collectors to Tell You When They Can’t Sue

              Black Leather Flogging Whip and money on white background. Not i

              On August 14, 2013, the CFPB, jointly with the FTC, filed an amicus brief in Delgado v. Capital Management Services, LP, et al., a case on appeal to the Seventh Circuit. The brief urges the Seventh Circuit to affirm the district court’s refusal to dismiss a class action complaint alleging that a debt collector’s letter offering a settlement of the ... Read More »

                I Was Going to Everetts College But Was Sent to Afghanistan. – Fidel

                Military Flag

                “Dear Steve, I work retail making $11 hr. I’m also in the army reserve. I was attending Everetts College before I was deployed to Afghanistan. I was there for 1 year. I was not able to continue classes. When I returned and tried to get back in school I was refused that because there was a large unpaid balance. What ... Read More »

                  Not All Debt Settlement is Bad. Ask the Rural Housing Service.

                  abandoned

                  There has been so much written, and a lot by me, of deceptive and poor debt settlement actions taken by consumer debt settlement companies that apparently have no clue what they are doing in the field. For many years I have defended the use of debt settlement in the right situation. The problem has been debt settlement was sold as ... Read More »

                    I Want to Go Back to School But Can’t Get My Transcript. – Jess

                    college-class

                    “Dear Steve, Hi, I’ve been reading about how to go back to school while in debt with another university, however, nothing has helped. I went to a private university, I could not afford the tuition anymore, so I didn’t go back. Now the amount I owe them is in collections and they won’t release my transcript to start school at ... Read More »

                      I Paid Macy’s But They Sent Me to Collections. – Matilda

                      Mature woman confused

                      “Dear Steve, In March 2013, I purchased $74.98 with a brand new Macy’s Star Rewards card. They sent a statement, I paid the full amount, on time, in their enclosed envelope. They claim they never got the check and pressured me to pay by credit card over the phone. Since they had called me, I declined. Then they sent me ... Read More »

                        FTC Slams Phony Payday Lender to Ground

                        ftc

                        At the request of the Federal Trade Commission, a U.S. district court has halted a Tampa, Florida-based operation that promised to help consumers get payday loans. Instead of loans, the defendants used consumers’ personal financial information to debit their bank accounts in increments of $30 without their authorization, the FTC alleged. Claiming to be affiliated with a network of 120 ... Read More »

                          I Have Loads of Student Loan Debt Buy No Degree. – Shane

                          black-hole

                          Dear Steve, I went away to school my freshman year for college. I transferred to 4 more schools and have yet to obtain a degree. I’ve been taking a class here and there, sometimes dropping the class. That freshman year, I had a private student loan (Lehman brothers, soon to be bought out by Wells Fargo). I work full time ... Read More »

                            Direct Student Aid Commercial Catches My Attention

                            Screen Shot 2013-08-27 at 1.03.01 PM

                            A recent commercial for Direct Student Aid caught my attention. It seems the company is advertising it can offer some sort of special help for people who are having student loan problems. A secret shopper call, which you can hear below, found out the company charges between $799 to $999 for a service consumers can get for free from their ... Read More »

                              After a Previous Bankruptcy We Are Still Drowning in Sallie Mae Student Loans

                              Drowning swimmer

                              Dear Steve, A few years ago my husband & I filed for chapter 7 BK & it was discharged (2008). We were told that we couldn’t include our huge private student loan ($68,000) at that time by our attorney. Our private student loan is actually a Sallie Mae “private student consolidation loan” that we stupidly rolled my husband’s federal student ... Read More »

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