Latest Posts
Home > Author Archives: Steve Rhode (page 5)

Author Archives: Steve Rhode

The Art Institute of Austin Wants to Sue Me Over Student Loan Debt

courthouse 1

Question: Dear Steve, Hi, I recently graduated from the art institute of Austin. I am constantly being harassed for a balance I owe the school that I do not agree with. I was made an offer to pay off half of my debt and they would pay the rest. I asked for this in writing and never received it. Now ... Read More »

    Can I Consolidate My Federal and Navient Student Loans?

    Question Theme

    Question: Dear Steve, I have two student loans one is from salliemae/navient and the other is a federal loan. Is it possible to consolidate both loans? Frank Answer: Dear Frank, If the Sallie Mae – Navient loan was a private student loan then your only option would be to go for a private student loan consolidation and incorporate the federal ... Read More »

      Did I Make a Mistake by Agreeing to Pay an Old Payday Loan?

      payday loan

      Question: Dear Steve, Payday loan from four years go went unpaid and was sent to collections. When I talked to the debt collector I asked for a letter or something in writing and he said they couldn’t mail me anything because they tried doing that already, but the address they sent the info to was an old address. Not even ... Read More »

        CFPB Takes Bite Out of Dental Financing


        The Consumer Financial Protection Bureau (CFPB) has ordered Springstone Financial, LLC to provide $700,000 in relief to victims of deceptive credit enrollment tactics. Many consumers who signed up for Springstone’s deferred-interest loan product at dental offices to pay for dental work were led to believe that the product was interest free. In fact, interest accrued from the date of the ... Read More »

          My Brain Infection Left Me in Decades of Student Loan Debt


          Question: Dear Steve, I went to a community college about 22 years ago. In order to go I had to take out several loans in the last 6 months of my college life I became extremely ill. I contracted a brain infection that left me with no memory of what I even took in college. I am permanently disabled from ... Read More »

            Otto Berges Still in a Slog in Court Over Debt Relief Case in Florida

            Screen Shot 2015-08-19 at 11.46.17 AM

            From time-to-time I do the grunt work of going back and checking up on old stories to see what might be new in court cases. This time it was checking up on Otto Berges, a Florida lawyer who was/is selling debt relief assistance. You can see past stories, here. A case filed in Florida against Otto Berges, Berges Law Group, ... Read More »

              How Can I Get Rid of My Student Loans if I Become a Teacher?


              Question: Dear Steve, So let me start by thanking you for providing an avenue for people like me to ask you questions! I am really grateful for hopefully getting help with my debt problems. I am 24 years old and graduated from college over a year ago and now have over 100k in loans. The details of the loans are ... Read More »

                UK Bank Accounts Target of Huge Sure of Fraud

                Identity Theft Warning Sign A yellow sign with the words Identity Theft on a keyboard

                Apparently financial criminals in the UK have managed to double down on their focus of fraudulently accessing consumer bank acccounts. Experian is reporting consumer bank accounts saw the rate of fraudulent activity nearly double from Q1 2015 to Q2 2015. The key to these attacks is reported to be simple identity theft. Identity theft accounted for 69 percent of all ... Read More »

                  Debt Relief Advocates and Debt Arbitrators Named Again in Ohio

                  Screen Shot 2015-08-18 at 10.13.12 AM

                  I think debt relief companies often get the wrong impression about why I write articles about debt relief lawsuits. It’s not to call out the company named but to help other companies see what strategies are being used to challenge debt relief companies. In this suit the Plaintiff used an interesting approach and target the very method by which mailing ... Read More »

                    Don’t Know How Much I Need to Warn Debt Relief Companies That Robocalls Suck

                    french bulldog dog listening or talking on the can telephone isolated on white background

                    I’ve written quite a few stories about debt relief industry problems with the Telephone Consumer Protection Act and autodialers. If you’ve ignored me till now, maybe this record fine out of the Federal Communication Commission (FCC) will get your attention if your debt relief company is dialing for dollars. This week the FCC fined a company nearly $3 million over ... Read More »

                      My Navient Student Loans Are Almost Paid But How Can I Settle Them?

                      This boot seems to speak about this time of economic loss. Left alone, worked hard and cast aside.

                      Question: Dear Steve, I have $13,364.87 debt in federal school loans through Navient, previously Sallie Mae. I have almost paid off the accrued interest. Only $26.53 of that total is interest. I have been paying since 2000. I have two loans. One was originally $23,972.99 and is now $10,905.11. The other was originally $5,500.00 and is now $2,486.29. Do you ... Read More »

                        People Are Telling Me My Art Institute Student Loans Can Be Forgiven


                        Question: Dear Steve, I’m a student at an Art Institute campus that is closing. Because of that I’ve been receiving several “debt forgiveness” “tips” from Student Optimum Services and American Student Loan Help Center. Are any of these valid? Answer: As far as I am aware, the fifteen Art Institute locations which will no longer enroll new students, are not ... Read More »

                          Why Are UAE Debt Collectors Chasing Me in India?


                          “Dear Jon, I worked in UAE in year 2006 and returned back after 6 months to my home country (India). I got visa for USA and moved here in 2008. I have joint family in India, living in same house. One day, someone from some XYZ collections came to my home and asked about me. My relatives told I no ... Read More »

                            U-Fi Student Loan Debt Reduction Mailer Review

                            Screen Shot 2015-08-11 at 10.33.41 AM

                            An amazing reader J sent in a new debt relief mailer through my I Buy Junk Mail program. This mailer is for a purported student loan debt reduction or consolidation from U-Fi a Nelnet partnership. The mailer says you can “Save with a Refinance Loan from U-Fi.” There are a couple of concerns I have with the mailer. While the ... Read More »

                              David Fishman of Arbitronix and Debtbusters Thinks I’m an Idiot


                              So I just got the following email from someone who says they are David Fishman, the President of Paladin Resolution consisting of Arbitronix and Debtbusters. I’m happy to let people express a point or opinion so here is his letter to the editor, so to speak. “Mr. Rhode. I am a subscriber to your daily blurb on the debt settlement ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                Latest Info, Best Advice, Cutting Edge Tips

                                I promise to keep your email safe and secure.