Home > Author Archives: Steve Rhode (page 6)

Author Archives: Steve Rhode

My Home is Being Sold in My Bankruptcy. Do I Have to Move Now?

Contemplation and introspection are far better tools to deal with problem debt than knee-jerk bad solutions.

Question: Dear Steve, Hello,I filed a chapter 7 in NH a month back and the trustee is selling the house to settle the estate (no mortgage involved, house is owned outright). I have been informed from my lawyer that she will receive $120k from homestead protection after the sale. The trustee wants me to move out within 45 days or ... Read More »

    Does My Mother With Cancer Have to Pay Taxes on Her Crowd Funding Campaign?

    Closeup portrait of handsome young man looking shocked surprised in disbelief with hands on face looking at you camera isolated on background. Positive human emotions facial expressions

    Question: Dear Steve, My mother was recently diagnosed with stage III cancer. She (nor any of us) does not have much money. Luckily, she has insurance, but it is income based. I want to a crowdfunding campaign to help her with finances, but I don’t want it to push her out of being eligible for insurance. It seems that things ... Read More »

      I Got a 1099-C From an Old Marriott Timeshare Debt

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      Question: Dear Steve, I received 2 1099-c in March. The first was for a Marriott Timeshare. The second was for a Credit card debt incurred in a business my husband had at the time. My husband and I are still married but have been separated for almost 2 years. I live in CA Last payments on this debts occurred in ... Read More »

        I Don’t Want to Pay My Private Student Loans Anymore

        On a white background little children express the delight of karate lessons

        Question: Dear Steve, Graduated 2011 from Houghton College. Lives in DC. Paying $600 a month for student loans. Read your article about the ten reasons to stop paying private student loans. I’m to a point where I don’t want to pay and its killing me. I’m still living with my parents because I cannot afford to move to a apartment ... Read More »

          What Do You Know About the ITT Lawsuit?

          kicked_in_the_nuts

          Question: Dear Steve, ITT Tech graduate, associates of applied science in Graphic Design. Was told by school it was a prerequisite for game design. Program was dropped approx 1 month before graduation. Poor education. What do you know about this lawsuit? What do you know about this lawsuit against ITT. Too many scams out there nowadays. I was sent to ... Read More »

            I Can’t Afford a Lawyer to Stop My Wage Garnishment in Kentucky

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            Question: Dear Steve, I had a good paying job and was able to take out a loan to help reestablish my credit. They used a car of mine as collateral and placed a lien on it. I lost the good paying job and was unable to pay the monthly payments. I have a husband who does not have a job ... Read More »

              Should I Get a Loan to Payoff My Parent Plus Loans?

              Drowning swimmer

              Question: Dear Steve, I am retired from one job after 31 years, with a pension and aprox.$90,000 in parent plus loan debt. I have not consolidated it but wonder if it’s time. I am paying the lowest amount allowed and am job hunting. I viewed the video by the other debt adviser which is why I’m asking you. Would a ... Read More »

                New Trump Credit Card Not For Mexicans or Ugly Women

                Drive Carefully

                In an effort to make America great again the Donald Trump campaign grabbed media attention this morning when it beat others to the punch in a virtual public relations riot. The announcement caught many off guard and was totally unexpected in its greatness. The announced plan describes an effort to churn the American economy faster than any other country since ... Read More »

                  Payday Loan Scam Debt Collectors – Caught

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                  At the request of the Federal Trade Commission and the Illinois Attorney General, a federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan “debts” they did not owe, or did not owe to the defendants. The defendants also allegedly illegally provided portfolios of fake debt to other debt collectors – ... Read More »

                    Student Aid Institute – The Latest in the CFPB Crosshairs

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                    The Consumer Financial Protection Bureau (CFPB) yesterday took action to halt a student loan debt relief scam that illegally tricked borrowers into paying fees for federal loan benefits and misrepresented to consumers that it was affiliated with the Department of Education. The CFPB is ordering the student debt relief company, Student Aid Institute, Inc., and its chief executive officer, Steven ... Read More »

                      Certified Debt Reduction Notice – Utter BS

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                      So this Certified Reduction Notice arrived in the mailbox of one of my amazing readers. I have no clue what make this notice “certified.” Certifiable is more like it. The sales letter, that’s what it is, arrived in a plain envelope with little identifying information The letter inside doesn’t even say who the company is behind this. The claims made ... Read More »

                        A Debt Collector is Chasing Me in Texas Over an Old American Express Bill

                        Drowning swimmer

                        Question: Dear Steve, Got an American Express card back in 2007 (I think). Got divorced, hadn’t worked in 20 years. Tried to open a restaurant lost all my money, couldn’t find a job, found one in 2013 part time. Finally found full time but I’m still not making enough money to pay off this debt. I was making payments for ... Read More »

                          Can I Payoff My Student Loan With Home Equity?

                          qa7

                          Question: Dear Steve, Took student loan for 2500, wasn’t able to pay so it piled up over fees and interest and is now 10k. How can I just pay it off at once and not have to pay the fees. I can put it on my home equity. I think I have enough. Josh Answer: Dear Josh, There is nothing ... Read More »

                            Is US Hardship Group Too Good to Be True? – Marie

                            Beautiful woman with question bubble

                            Question: Dear Steve, I’m a believer that if it seems too good to be true, it’s usually not true. But because I am a co-signer to a large student loan, I thought I would run this letter past you. It seems like a scam, but I’d like a second opinion. I’ve attached the letter. Is the attached letter a scam? ... Read More »

                              What Can I Do When I’m Being Sued by a Debt Collector

                              Salesman

                              Question: Dear Steve, I’m being sued by a debt collector for a recent charged off credit card debt. I only work part time and I’m struggling financially, thus the reason why I stopped paying my credit card bill. I simply didn’t have the money to pay it. Now I’m being sued. At least, that’s what I think its going to ... Read More »

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