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Home > Author Archives: Steve Rhode (page 7)

Author Archives: Steve Rhode

Outlook Email Migration – Scam Alert

scam email screen

Beware of the following email being sent out that appears to come from an official government source. The email reads: “From: Cook, Bryant D Sent: Tuesday, January 27, 2015 2:18 PM To: Cook, Bryant D Subject: Help Desk Dear Email User, Please be prepared for all systems to be offline for maintenance today. We are currently Migrating your outlook account ... Read More »

    UK Individual Voluntary Arrangements to Set Record

    UK IVA

    By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year would top 50,000. Well, on ... Read More »

      Pay Off Debt A Growing Canadian and U.S. Concern

      Pay Off Debt searches in Canada

      According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for Canadian searchers. From the looks of the chart though it is an on again, off again interest for Canadians who have hit a ... Read More »

        Tell Me How to Stop the Social Security Garnishment for Student Loans

        social security card

        “Dear Steve, My husband receives social security disability and his monthly check is being garnished for student loans. I am unemployed and my husband receives $1,013 per month in disability. Of this amount $30 is withheld for repayment of an overpayment from his initial payment from social security and $150 is being withheld for his student loans, which began in ... Read More »

          Financial Help Services in the News But in the Wrong Way

          BBB Financial Help Services

          A reader sent me a story about a Ft. Lauderdale debt relief company, Financial Help Services. It appears the Bobby Blackmon company has run into what is either an issue of not paying creditors for his Debt Management Plan clients or a serious case of poorly explained client expectations with creditors. In a bizarre move, Blackmon spoke to WSVN television ... Read More »

            Is There Any Hope for My Son to Bankrupt His Private Student Loans?

            Decision time

            “Dear Steve, My son has about 150,000 in private student loan debt. Which I feel is my fault as I filled out the paperwork and told him never to worry we would work it out and then the 2008 collapse. Could you recommend the best course of action for dealing with these. Filling for bankruptcy with an attorney or on ... Read More »

              My Reaffirmed Mortgage Shows on My Credit Report as in Bankruptcy

              credit good

              “Dear Steve, My house was not included in my bankruptcy, but my mortgage lender is reporting it as “included in bankruptcy”. I filed bankruptcy (ch 7) in 2008. I signed a reaffirmation with my mortgage lender, but my credit reports remain messed up. 1 agency has no info of a mortgage, 1 shows my balance reducing monthly, but carries it ... Read More »

                Fake IRS Agents Fooling People Out of Money. Hang Up.

                man terrifying woman

                A friend recently got a call from someone posing as an IRS agent. The “agent” gave a badge number and said she owed money. There’s only one problem, it was all a scam. The Federal Trade Commission is reporting an exploding number of complaints are pouring in about calls from fake IRS agents that want you to send them money. ... Read More »

                  The Moral Hypocrisy of Avoiding Bankruptcy. It’s Good Enough for Your Church.

                  the truth smaller

                  Having lived through bankruptcy myself I find it very interesting to observe the camps of bankruptcy lovers and haters. Admittedly I was once in the avoid bankruptcy camp because I just wasn’t well prepared for the experience and didn’t have the right frame of mind. But recent news of the Catholic church filing bankruptcy yet again to deal with claims ... Read More »

                    Should I Stop Making My Car Payments? I’m Depressed and Hate My Job.

                    Calm boy praying against a white background

                    “Dear Steve, I’m 27 year old single guy, currently working in an IT company, however these past few months has been a depressing experience, the first few months were fine and assuming that I will stay with the company, I bought a new car. The commute is almost 2 hours (one way). To cut it short, I hate the job, ... Read More »

                      This is One Way to Get FFEL Spousal Consolidation Loans Forgiven

                      Cure the disease

                      “Dear Steve, I have been a government employee and/or public servant since 1991. I am now 45 and I hope to retire by age 72. In or around 2002, I consolidated my law school student loans with my then husband into both a FFEL subsidized and unsubsidized loan. The total amount consolidated was roughly $42,000. As fate would have it, ... Read More »

                        FTC Reviews Credit Report Dispute Process and Reaches Conclusion

                        credit good

                        The Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. The congressionally mandated study is the sixth and final study on national credit report ... Read More »

                          FTC Calls Debt Collector Commercial Recovery Systems, Bullies

                          ftc

                          The Federal Trade Commission has issued a complaint against a Texas-based debt collection operation and its current and former principals for illegally threatening consumers with false claims that unless they pay a debt, they will face legal action or wage garnishment. The complaint was filed in federal court on the agency’s behalf by the Department of Justice. “When it comes ... Read More »

                            Can My Student Loans Be Forgiven After Ten Years?

                            break free from prison pressure or quit job running away towards

                            “Dear Steve, I have student loans that are more than 5-10 years old from undergrad and graduate school of $84,000 or more. I have made payments over the years but not consistently. recently my wages were garnished and created a financial hardship for me. After a least ten years or more could my loans be forgiven? I just read your ... Read More »

                              Can We Release the Cosigner on Our Parent PLUS Loans?

                              Student Loan Corkboard Concept

                              “Dear Steve, My husband took out several Direct Parent Plus loans for our daughter’s education (federal loans). Because his credit wasn’t the greatest my father-in-law endorsed those loans. Now that my daughter has graduated we consolidated those loans. We only make about $60,000 a year between the two of us so we need a repayment plan with low payments. We ... Read More »

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