Home > Author Archives: Steve Rhode (page 6)

Author Archives: Steve Rhode

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?


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 »

How Can I Avoid paying Sallie Mae Loan as a Co-Signer?


Question: Dear Steve, My ex-fiancé wanted to take an online business course and he needed to take a loan so I co-signed for him and we got the loan through Sallie Mae, and we ended breaking the engagement last year, since the break of the engagement I have reached out to him via email to remove me as a co-signer ... Read More »

How Do I Cancel My Contract With Cockburn and Associates After Wildfires?


Question: Dear Steve, In August 2015 I signed up for some stupid debt consolidation program with Cockburn and Associates. I owe about $27,000. Due to the wildfires in Fort McMurray, Alberta, I am one of the people who’s jobs are up in the air because of the destruction and uncertainly. I contacted them to explain the situation. My request was ... Read More »

FTC Returns Money to People Harmed by Debt Relief Scam


The Federal Trade Commission is mailing 1,630 checks totaling nearly $1.87 million to consumers who lost money to an illegal telemarketing operation, collectively known as Expense Management America, that charged homeowners an up-front fee for debt and mortgage relief services it never provided. Since the FTC brought an action against the Canada-based operation in September 2012, it has obtained a ... Read More »

Can We Consolidate Our Parent Plus Loans and Go For PSLF?


Question: Dear Steve, Both my wife and I took out separate direct federal parent plus loans for our two children starting in 2010 and ending 2014. My wife loan for my daughter was 128K and I took out 150K for my son. I work in public service and my wife for private industry. Can we consolidate both loan balances into ... Read More »

I’m 59 and Drained My IRA. What Should I Do About My Debt?

Old man with headache.

Question: Dear Steve, I was forced to give up my private practice several years ago and unable to find work until recently, partly due to medical reasons. I am now working but spent my entire IRA – early withdrawal, and racked up 50k in credit card debt. My salary is way over the Ch. 7 threshold but I can’t survive ... Read More »

Am I Stuck With My Ex-Wife Forever Because of Our Old Spousal Consolidation Loan?


Question: Dear Steve, I share $67k in Navient student loans with my ex-wife. My decreed portion is around $35k. Since our FFEL consolidation in 2001, I have paid it for 12-13 years. It has been on deferment the rest of the time. I applied for PSLF through Navient. I will not qualify with her income. She is not my SPOUSE ... Read More »

I Got Kicked Out of ROTC and DFAS Wants Me to Repay My Tuition

United States flag background. Computer generated 3D photo rende

Question: Dear Steve, I had a full scholarship to attend university via the ROTC program. I was performing well, no health issue, but I was kicked out under the accusation that I had “Created a negative environment for other cadets”. I went through the appeals process, and the board voted unanimously to drop the charge and keep me in the ... Read More »

I’m on a Fixed Income and Can’t Afford to Pay on Cosigned Student Loan


Question: Dear Steve, I co-signed for my son in 2008–payment were current until Nov 2015 when he lost his job. He has talked to them several time at Navient-Sallie Mae sold loan to them- now I am getting calls about 4 times a day, I’m retired on fixed income of appx $1150 month. They just tell me I have to ... Read More »

Teacher Crushed by Private Student Loans Looks for Help


Question: Dear Steve, I started my student loans with Sallie Mae in 2004/2005. At the time, they asked for my parents information (my mother being a single mother was not able to help me, however financial aid said she made “too much” and I did not qualify and could not apply for federal loans on my own until I turned ... Read More »

Morgan Drexen Problems Not Over Even In Their Own Bankruptcy

Morgan Drexen Integrated Systems (20120116)

The national debt settlement company Morgan Drexen, whose successors are embroiled in their own legal troubles, seem to be facing more upcoming issues from their own bankruptcy filing. On April 30, 2015 Morgan Drexen filed for bankruptcy protection. The filing was converted to a Chapter 11 reorganization and then back to a Chapter 7 liquidation. The Bankruptcy Trustee appears to ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt. You can unsubscribe at any time with just one click. After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

I promise to keep your email safe and secure.