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Home > Author Archives: Steve Rhode (page 61)

Author Archives: Steve Rhode

I’m Smarter Than My Student Loan Debt. – Gail

Mature woman confused

“Dear Steve, I am a fifty-year-old teacher with a doctorate who has taught a total of 20 years. All of my education had been paid for in full by me (including the doctorate) until I decided I wanted to get out of the classroom and go into another field. I later earned 1 1/2 additional masters degrees that I funded ... Read More »

    Student Loan Debt Robs Many of Retirement

    Screen Shot 2013-08-20 at 4.20.56 PM

    A new report out by the public policy organization Demos, confirms what I’ve feared for too long. Student loan debt robs people of retirement wealth. The growing burden of student loan debt and the limited options to manage that debt are leading to more and more people becoming so caught up in financial slavery that their very ability to properly ... Read More »

      I Can’t Get Married Because My Partner is Sinking in Law School Debt


      Dear Steve, Hello and thank you for your time and generosity. My partner of 12 years is drowning in debt, all defaulted school loans. Partner because we have decided not to get married due to his debt as I wish to keep our finances, identities, etc. separate due to his incredible debt burden. He is an attorney (graduated 6 years ... Read More »

        Thom Fox Interviews Steve About Debt Relief Options

        a manatee

        Thom Fox co-hosts a radio show “The Engine” and spent some time talking to me recently about the debt relief world today and what good options are available for consumers. It was a great interview since Thom knows the credit counseling world like a Boss! He used to work for Cambridge Credit Counseling but has moved out on his own ... Read More »

          People Still Falling for Land Trust Mortgage Rescue Scam


          The one thing you have to admit about a scam is once it works and extracts money from consumers, it’s got some legs and has morphed and continued on longer than I expected it to. As part of the continued slow descent into the black pit of “Why?” more information is coming out about how unhappy people are with the ... Read More »

            Consumer Advocacy Assistance Mortgage Modification Mailer – Watch Out

            Screen Shot 2013-08-16 at 12.16.31 PM

            A group, Consumer Advocacy Assistance, who reports to being located in Laguna Hills, California sent a mortgage modification mailer to a consumer in New Jersey. The mailer appears to be an official mailer from the Loss Mitigation Administrative Office. Frankly it looks like the standard B.S. mortgage modification mailer many have received. An amazing reader Hanna sent in a new ... Read More »

              Disappointing Debt Relief Mailer Leads to Debt Defense Services


              A new debt relief mailer, which you will see below, poses as an official document but in fact leads to a potential sale for Debt Defense Services according to the tipster (send in your tips here). What do you think, is the mailer deceptive or perfectly fine from your point of view? Add your comment below. An amazing reader CLK ... Read More »

                Can I Really Discharge My Radio1 Broadcast School Student Loans in Bankruptcy? – Jaclyn


                Huffington Post Reader Question Dear Steve, I took out a Sallie Mae Private Student loan for Radio 1 Broadcast School in LaCrosse, WI. I had one radio job (part time, one time a week) for one year before I decided that if I stayed in radio, I’d never get anywhere money wise. I also feel that I was inadequately trained ... Read More »

                  I Finally Became a Registered Nurse But I’m Drowning in Student Loans. – Carmen

                  operating room

                  Dear Steve, I went back to school to earn my Registered Nurse License. Took out huge loans for school that I can not pay back at the moment. As a new grad, it took me almost 2 years to finally find a job. I have been working as extra help/on-call for approx 9 months now and was told I will ... Read More »

                    Social Media Image Specs for Facebook, Twitter, Google+, Linkedin, YouTube

                    social media

                    I just found this amazing infographic that gives all the dimensions necessary to design headers and logos for the social media sites. Big ginormous hat tip to the folks at Read More »

                      Why Failure Should Be Celebrated, Not Feared

                      fear is a prison

                      When it comes to money troubles and dealing with debt, it’s scary stuff. I lived through it and will never forget how crappy that experience was. But what I learned the hard way, and what I see every single day from watching others is the fear of failure attracts people to make the most illogical, dumbest, stupid mistakes because they ... Read More »

                        Expect Nothing and Appreciate Everything


                        Now here is a message that everyone can benefit from hearing. The reality is we are entitled to nothing in our lives. The next breath, the next day, the next laugh and hug, they are all gifts. We take for granted the joys and benefits life has to offer, even in the worst of times. But we should not. Just ... Read More »

                          FTC Gets Ass Kicked on Appeal and Wins at Same Time


                          Back in 2012 the FTC lost a case it had brought against Corey Butcher, Brent Butcher, and Financial Freedom of America, Financial Freedom Processing. The case was one where the FTC said the performance statements made by the debt settlement companies were not accurate and could mislead consumers. In what seemed like a ruling from an alternate universe, the judge ... Read More »

                            The Private Student Loan Lawyer Says I Have to Settle

                            Sagging Economy

                            Dear Steve, I have defaulted on a student loan in the amount of $33,240 with NCO. A law firm has called me and says that I must settle for $26,592 in the month of August or I can get on a repayment plan for $9,972 and then a monthly payment of $332 but keeping in mind my interest will accrue ... Read More »

                              My Daughter Spent a Lot of Her Student Loans on Living Expenses, Not Tuition

                              College Tuition Expenses

                              Dear Steve, I co-signed for approximately $35,000 worth of school loans for my daughter. She graduated from Chatham University in 2010 with a bachelor’s degree in psychology. She could not find a job in her field paying over $25,000 per year. She went back to school and has since graduated with her degree in nursing and is taking her boards ... Read More »

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