Home > Author Archives: Steve Rhode (page 42)

Author Archives: Steve Rhode

Can My Wife With the Boston Public School System Have Her Student Loans Forgiven?

Check This Out_pri

“Dear Steve, My wife works in the Boston public school system. has for 10+ years. she has ~$95K in student loans. I thought she should qualify for debt relief since she works in the school system. Unfortunately, they look at our joint income, which puts us out of contention. Their formula doesn’t account for all the expenses we incur with ... Read More »

    Will Wyndham Capital Cove Force Us Into Bankruptcy?

    middle age couple

    “Dear Steve, My wife and I purchased a time-share at Capital Cove thru Wyndham near Washington, D.C. During a follow-up session my wife and I were told we had to upgrade or we would not be able to keep our perks of being VIPs in the company. After several attempts to make reservations, 10 months out, and not being able ... Read More »

      What Broadway Says About Money Through Show Tunes – Audio


      Money, credit, and debt issues filter through our lives in so many ways. In this look at money through Broadway tunes, we get a closer look at what casual society has to say about being rich, poor, broke, happy, sad, and the morality of money. This program runs about an hour but it’s worth setting aside the time to listen ... Read More »

        My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

        Avoid Bankruptcy Monster

        Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

          Bankruptcy Canada Inc. Says Ontario Debt Settlement Industry Undergoing Seismic Shift

          gI_59907_Ontario Bankruptcy

          New punitive provisions restricting the fees charged by debt settlement firms, effective July 1, 2015, will make it impossible for debt settlement firms to remain financially viable. (PRWEB) February 24, 2015 “Not a single debt settlement firm in Ontario will be in business eighteen months from now”, says Mark Silverthorn, former collection lawyer, collection industry insider, blogger, and author. The ... Read More »

            FTC Goes After Vehicle Loan Debt Relief Assistance Services


            The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

              7 Student Loan Terms to Know to Save the Most Money


              While applying for and receiving student loans is easier than in years past, many students sign up for heavy debt burdens without familiarizing themselves with important loan terms. Without knowing basic terminology, students are unable to competitively shop for loans, and choose the one that works best for them. Here are a few key terms to know: Principal – The ... Read More »

                Weekly Syndicated Get Out of Debt Column February 6, 2015

                End of stress.

                Money, Credit and Debt Advice – Get Out of Debt Guy Question: My Student Loans Leave Me Hopeless Dear Steve, I can’t believe how much student loan debt I have. It feels like I can barely get by each month and there is no way for me to ever get out from under these loans. I have both federal and ... Read More »

                  Potential Good News for Debt Relief Companies. Balances Increasing.

                  Credit Card Delinquency Rates

                  For debt relief companies who have been suffering from a lack of consumer demand, there is news out today that indicates demand might be increasing in the near-term. TransUnion says “total outstanding credit card balances increased 5% on a yearly basis. The increase indicates record growth, the highest yearly growth observed since 2008.” If this trend continues then in a ... Read More »

                    5 Year Club Fed Stretch for Mortgage Relief Promoter

                    mans hands behind bars in jail or prison

                    WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

                      Debt Settlement Attorney Expands to 90 Cities Nationwide

                      debt settlement attorney

                      McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law helps families find debt relief who have found their financial world turned upside down in a still challenging economy. (Newswire.net — February 20, 2015) Scottsdale, AZ –McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law ... Read More »

                        Should I Go With Student Loan Education Center To Help With My Loans?

                        Problem Solving Series

                        “Dear Steve, I have about $18,000 in student loan debt. I recently was contacted by the Student Loan Education Center that said they were a third party company that was setting up consolidations for the US Dept of Education to consolidate my loans for a fee of $599. They said I qualified for an income based plan and then got ... Read More »

                          My Student Loan Lender Sent Too Much Money to The School

                          No problem

                          “Dear Steve, I signed for 16,000 bank school loan, when a payment was late I received the bill stating the total was 21,000 two different loans, one for the 16,000 and another for 8,000. I told the bank 16,00 was mine. The story goes, the school told the loaner they only received 8,000 he called the bank and the said ... Read More »

                            Should I Stick With the Pay As You Earn Student Loan Program?


                            “Dear Steve, I have a question about my student loans. When I first graduated from graduate school, I was eligible for pay as you earn. This is because while I was in school, I had very little income, and I didn’t start working right away and so only had a partial year of income. I signed up for the pay ... Read More »

                              Why Income Based Student Loan Payments Can Be a Terrible Trap


                              What Student Loan Assistance Companies Are Not Telling You With the surge in companies that are selling student loan assistance programs it seems their product is most commonly just filling out paperwork to enroll people in income driven repayment programs for federal student loans. It’s an easy sale, “We Can Lower Your Payment,” is a powerful message that resonates with ... Read More »

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