Latest Posts
Home > Author Archives: Steve Rhode (page 6)

Author Archives: Steve Rhode

Is There a Debt Solution Company You Would Recommend? – Donnie

Frustration

Question: Dear Steve, Due to medical issues and a large percentage (25%) loss of salary my wife and I are in serious debt. We owe approximately 52,000.00 in credit card debt. I am looking at some debt solution companies at possibly helping get this debt under control and paid off in a reasonable period of time. Is there a particular ... Read More »

    Frederick J. Hanna & Associates Stopped by CFPB for Collection BS

    stop_paying_for_credit1

    Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed consent order in federal court that would resolve a lawsuit against Frederick J. Hanna & Associates, a Georgia-based law firm, and its three principal partners, for operating an illegal debt collection lawsuit mill. The CFPB lawsuit had alleged that the defendants rely on deceptive court filings and faulty evidence to ... Read More »

      Should We Consolidate Student Loan Debt Into Mortgage? – Rhonda

      2015-03-10-1426017278-3359617-moneydollar-thumb

      Question: Dear Steve, We are going to refinance our home, out of an adjustable rate, and wondering if we should bundle our kids’ student loan debt into the mortgage. The student loan interest rate is high and simple interest; the mortgage interest lower, of course. We are at about 50% equity. Should we continue to pay off the student loan ... Read More »

        Another Consumer Wins in Bankruptcy Court and Discharges Student Loans

        IMG_0913

        An attorney reader sent me a case about another consumer who successfully had their federal student loans discharged in bankruptcy. This is a rapidly evolving topic and certainly not ever court district offer up the same considerations when it comes to a discharge. But there are still a number of people who say discharging your student loans in bankruptcy is ... Read More »

          Estate Law Group – Consumer Complaint – December 28, 2015

          customer service feedback

          Consumer Statement: In 2012, we were scammed by Estate Law Group. They promised to reduce our mortgage payment. They charged us $4,000., but we realized it was a scam and only paid them $3,000. The bottom line is, we’re still out $3,000. Please tell everyone not to deal with this group. Consumer Action Taken: I asked several times when our ... Read More »

            Jeffrey Aleman of Legal Helpers Does a Good Thing in Wisconsin

            Legal Helpers Debt Resolution | (877) 596-6865 (20111202)

            Attorneys who were involved in the debt settlement firm Legal Helpers Debt Resolution eventually faced all sorts of legal issues, lawsuits, and the loss of their law license. Now I don’t know if there was any bigger strategic plan for doing what I’m about to tell you but for once, an attorney in this mess looks like they stepped up ... Read More »

              I’m Running Out of Options to Deal With My Student Loan Debt

              Question Theme

              Question: Dear Steve, When I was 18, I got pregnant with my first child. I had to quit the college that I was going to on a full scholarship because they had no programs for families and I couldn’t afford to make it on my own and still go to school. I moved back home, but still wanted to get ... Read More »

                Our Financial Situation is So Bad I Don’t Know What to Do. – Kay

                Businesswoman does the questions

                Question: Dear Steve, DEBT- Husband went from 280,000 to 100,000 income and we have an adult daughter that has drained our savings and retirement with substance abuse. Behind on everything- Mortgage 11 months just worked out payment structure ok there- fed taxes 117,000 had installments until this year waiting on verdict. 180,000 in student debt and 80,000 in credit card ... Read More »

                  I Heard if I Make Token Payments I Can’t Be Sued. Is That True? – Oliver

                  The Chevy Spark I drove recently.

                  Question: Dear Steve, I started a collision repair business in 2011 and it started off well but it started dying out slowly but surly, the area kept getting worse and worse not to mention my rent was $2500 per month not including all of my other bills. So the scary part came when I had to make the decision to ... Read More »

                    What Are The Best Private Student Loans?

                    Oops! What Is It?

                    Question: Dear Steve, I am a current junior at a university. I still have a ways to go before I complete my Bachelor Degree. I have no desire to go any further than a Bachelors. This is my second semester at university and there is not very much left over of my grant and loans after tuition. I would like ... Read More »

                      Bankruptcy Court Tells Dept of Ed to Go Shove IBR as Unrealalistic

                      Check This Out_pri

                      On Jun 24, 2015, Michael Abney became a student loan hero when he filed his own adversary proceeding with the United States Bankruptcy Court of the Western District of Missouri. When I say he became a hero it’s because his case is just another step forward in providing some semblance of hope and logic for people impossibly buried under a ... Read More »

                        What Can I Do About a Private Student Loan Wage Garnish?

                        law books

                        Question: Dear Steve, Took out a private student loan for instrumentation school did not graduate ran out of money tried working an going to school got 3 to 4 hours sleep a night had to drop out. Got a garnishment of 25% of my wages by lender Borrowed 30,000 garnishment is for 52,000 plus 7.5% interest on the $52,000 till ... Read More »

                          My Ex-Husband Financially Ruined Me

                          Divorce papers and cash with misc items

                          Question: Dear Steve, My ex husband and I divorced almost 5 years ago. He took the house in the divorce however I am the only one listed on the deed. As part of the divorce decree, I agreed to sign a quit claim deed if he sold the property. He agreed to pay certain debts as part of that agreement, ... Read More »

                            Persels and Associates Was Supposed to Take Care of My Debt

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

                            Question: Dear Steve, I engaged Care One to help me with debt consolidation and repayment. They told me to stop answering my phone and moved me to Persels and Associates. After more than five years of paying monthly, they told me that my debts were resolved. I found out this morning that I have a $14,000 lien on my house ... Read More »

                              NSLAC National Student Loan Assistance Center – Consumer Complaint –

                              customer service feedback

                              Consumer Statement: I was in contact with the NSLAC–National Student Loan Assistance Center–about loan forgiveness options. I sent them over all of my personal information as well as the fee they requested and have never been able to contact them again. Consumer Action Taken: I have sent a number of emails and tried every phone number offered and never gotten ... 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.