Home > Author Archives: Steve Rhode (page 5)

Author Archives: Steve Rhode

I’m Taking the Tax Benefit for My Father’s Parent Plus Loan

Student Loan installment payment check paying back money owed in obligation for borrowed funding for college or university education

Question: Dear Steve, I am in debt for around $100k from going to a private design school in Nebraska. I owe around $20k in Fedloans and $80k in Parent Plus loans that my dad signed for. I am paying I consolidated all of my loans as much as I could and opted for the lowest monthly payments possible. I pay ... Read More »

Can I Just Say Goodbye to My Private Student Loans Under the Statute of Limitations?

Sad Goodbye

Question: Dear Steve, Thank you for providing a resource like this. My situation is rather mild, but the numbers are rather extreme. I have some federal student loans and 2 different companies for private student loans. I have $70,000 in student loans, and I am not able to find a job in my field, so I am only making $20,000 ... Read More »

I’m a Teacher, Pregnant, and Trying to Pay Off Student Loans

teacher_appreciation_week

Question: Dear Steve, I graduated in 2008 with $8000.00 on a private loan through Sallie Mae, which has become Navient. This is a private loan company. I also have federal loans, but those seem to actually be going down, and I am eligible for teacher loan forgiveness on the federal ones. I am on income-based repayment through Navient, but after ... Read More »

My Son Stole My Credit. Will the Judgment End When I Die?

From Massachusetts, a 1729 Judgment to make payment or be thrown in jail.

Question: Dear Steve, About 10 yrs ago, my son stole my credit cards and maxed them out..I could not pay them, but was able to pay what I could..sometimes min amt due and sometimes not.. Anyway, I got papers to go to court because I was being sued..My son said he would go to court and tell the Judge it ... Read More »

They Said the Rest of My Student Loan Would be Taken Care Of

Hand holding magic wand with sparks attracting money from top hat. Success wealth trick lie deception fraud cheating magic fast money concept. EPS 10 vector illustration no transparency

Question: Dear Steve, I had a student loan. They say I owe them around 6,000 and said if I wait to pay it then I’m guessing my interest rate will go up and it will be hard for me to get another loan. Is this true? They claim that if I do a monthly payment 3 times of 200. The ... Read More »

I’m on SSDI and in Debt But I Don’t Want to Hurt My Credit Score

mistake

Question: Dear Steve, Lost job in 2007 became total disabled in 2012 now on total SSDI. I have credit cards, and student loan in the range of $28,000. which would be the best way to go as for getting out of debt I’m hardly getting by each month. I’m not late on payments and I have a credit score of ... Read More »

What I’m Reading on May 13, 2016

Attractive red-haired female reading a manual before do-it-yours

For Nebraska’s Poor, Get Sick and Get Sued Nebraska’s flood of suits isn’t merely a reflection of residents’ inability to pay their bills. About 79,000 debt collection lawsuits were filed in Nebraska courts in 2013 alone, according to a ProPublica analysis. In New Mexico, a state with a population, like Nebraska’s, of around two million, about 30,000 suits were filed. ... Read More »

Is It Possible to Use Debt Settlement for Student Loans?

Debt Settlement Advice

Question: Dear Steve, I’m currently dealing with $103K of private loan debt (plus another $23K in federal loans). My cosigner on two of my largest loans just ended a bankruptcy at the beginning of 2016, so those loans now have monthly payments due at around $1,000 together. I have been continuously paying a fourth private loan at $400/month cosigned with ... Read More »

How Can I Reduce My Student Loan Balance?

hiding

Question: Dear Steve, I have taken out loans to pay for college. Several of them are from Sallie Mae, which is now Navient. Over the past 20 months, I have been unemployed for 14 of them. I was initially laid off in Sept of 2014, and again in Oct of 2015 my 6 month contract ended with another company. I ... Read More »

A Tim McCallan Asks Me to Remove Articles

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

I have a very liberal policy of adding any statement to any article regarding anyone who thinks something I wrote is inaccurate. The Report an Error link can be found on nearly every page on the site. But I just received a request that I was unable to add to any article since the request referred to a category and ... Read More »

A Look at Debt Relief Opportunities and Trends in May, 2016

crystal ball

It’s been quite some time since I wrote a debt relief industry forecast and trend article. These articles have not been all that popular because most of the people are in denial about the reality I see. You can see past articles here. In the past I used Google search volume as an indicator of general interest in various debt ... Read More »

I’m 82-Years-Old. Should I Even Repay My Debt?

Drowning swimmer

Question: Dear Steve, I use credit karma to check my credit which is 680 with Experian and 660 with TransUnion. Three years ago I did not have money to pay my credit cards and they were sent into the credit bureau. Not all to Experian. More to Trans union. I’m 82 years old on fixed income. I saw lawyers and ... Read More »

My Ex-Husband Sued My Daughter Over a Student Loan

man terrifying woman

Question: Dear Steve, My ex husband co-signed a private student loan for my daughter through Wells Fargo. The loan was for 1 year of study at FIDM. My daughter was not making the payments. My ex husband who lives in AZ filed court papers against my daughter and received a judgement for almost $50,000.00 (including thousands in court/attorney fees.) My ... Read More »

I Went to University of Phoenix Without Graduating from High School

Money puzzle piece

Question: Dear Steve, I went to University of Phoenix back in 2002. I started going to classes onsite in Dallas but then moved to online approach when I relocated to another state. I finished the Master of Arts in Organizational Management in 2004 but have not been able to use the degree..in fact took it off my resume. It is ... Read More »

How Can I Raise Funds to Help Without Reporting Them as Income?

Strangest-Taxes-and-Deductions1

Question: Dear Steve, My daughter and two friends are going on a study abroad program in Spain. They all go to the same school and a teacher is accompanying them but the study abroad program is not really school sponsored. They are going in the summer following their 8th grade graduation from that school anyway. We, the parents, want to ... Read More »

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