Home > Author Archives: Steve Rhode (page 7)

Author Archives: Steve Rhode

The Army Said They’d Pay Off My Student Loans and Didn’t

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Question: Dear Steve, I was in the army. The army said they would pay back my student loans but did not. I did not have a federal loan it was a private loan. I was in the army from 2006 to 2012. Then in the reserves from 2012 till 2015. I had a student loan from Sallie Mae. The army ... Read More »

    Starbucks App Users Still at Risk of Having Account Hacked

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    My friend Bob Sullivan is warning consumers today to keep a close eye on their Startbucks app if they are using it. “…but I’d like to reiterate my warning to the 13 million or so Starbucks app users: It’s *still* not safe to link a credit or debit card to your Starbucks account; if I were you, I’d delete my ... Read More »

      How Can I Build Good Credit When I’m Legally Blind?

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      Question: Dear Steve, I am legally blind. I partially see out of my right eye and am totally blind in my left. I don’t work and my finances comes from getting Social Security Benefits from my father’s retirement. I live in an apartment and trying to move because the rent has increased again in the 4 years I’ve been here. ... Read More »

        Different Options for Debt Relief – Finding the Right Solution

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        Imagine you were sick. Really sick. Sick enough to go to a doctor or even a hospital. Perhaps you even looked up your symptoms on the Internet, visited WebMD, did a ton of internet research and were convinced that you needed a professional to help you get better – or things could get much, much worse. You have a big ... Read More »

          It’s About the Income, Stupid

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          Bob Sullivan just published a really good article talking about the income inequality facing people today. He challenges all political candidates to take a closer look at why America is struggling to get ahead. Here is an excerpt. You can read the full article online, click here. “Let me give you a head start. For decades, economists have extolled the ... Read More »

            With Forgiven Debt Both Spouses Can Get the Full Tax Bill

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            Question: Dear Steve, I came across your site doing research for a client on 1099-c from an ex spouse. Very helpful and it led me to this information on my Intelliconnect research site. You may already know this but I thought I would send it on. Thank you for your help and I just wanted to try and pay it ... Read More »

              Community Debt Relief Mailer Gets Them in Trouble

              Debt Relif Offer

              An amazing reader faxed in a new debt relief mailer through my I Buy Junk Mail program. Thank you so much K for sending in this mailer from Community Debt Relief in Grand Rapids, Michigan. What struck me immediately is the BBB logo at the top of the letter. It looks like I’m not the only one who spotted that ... Read More »

                I’ve Never Been Able to Pay My Sallie Mae Student Loans

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                Question: Dear Steve, Im probably one of the more stupid people to come and ask for you help since I haven’t paid Sallie Mae a dime since I’ve graduated in 2010 thinking I could get a great job with my hospitality associates degree. But here goes. After I graduated with nearly $20,000 in debt, still eating at my credit till ... Read More »

                  Who Can Help Me With a Private Student Loan Dispute?

                  Adult Ed - Questions

                  Question: Dear Steve, Who do I need to contact to dispute my loan due to private school misleading students into loans not required? John Answer: Dear John, I would suggest you contact an attorney who is licensed in your state. There is no other authority I can think of to go after a lender and school for an individual to ... Read More »

                    Two Things to Do When You Are Asked if You Want a Store Credit Card

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                    We’ve seen the situation a hundred times while standing in line to checkout at a store, the person in front of you is asked if they want to apply for a store credit card and get a fabulous discount on their purchase. And you know what happens next, you are going to be asked as well. But should you jump ... Read More »

                      Should I Just Stop Paying Navient and Not Tell My Cosigner?

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                      Question: Dear Steve, I have a Naivent private loan in the amount of $56,000 and just recently graduated. Unfortunately since graduating I have been unable to find a job and was forced to put my loan in forbearance. My forbearance will be up in March, yet I still have not found a job. Naivent informed me that my minimum monthly ... Read More »

                        Morgan Stanley to Pay Billions for Mortgage Decption

                        Abandoned room

                        The Justice Department announced yesterday that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to Morgan Stanley’s marketing, sale and issuance of residential mortgage-backed securities (RMBS). This settlement constitutes the largest component of the set of resolutions with Morgan Stanley entered by members of the RMBS Working Group, which have totaled approximately $5 billion. As part ... Read More »

                          Can I Get My Sallie Mae Student Loans Forgiven From My Public Service?

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                          Question: Dear Steve, I had Sallie Mae student loan…it was sold to Navient which turned it into a private loan or so they tell me. We have tried the loan forgiveness or reduction twice with no results because it’s a private loan. The lender as so stated on his account site says “Navient Federal Loan Trust” How can this be ... Read More »

                            Should I Apply for a HARP Mortgage Loan?

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                            Question: Dear Steve, I’m recently retired and looking for ways to reduce my debt. My credit status is very good. I have a standard mortgage with Chase and am paying 3.5% interest. I’ve heard much about the HARP loan and am curious about your thoughts on applying for the HARP loan. Connie Answer: Dear Connie, You have an awesome interest ... Read More »

                              My Business Failed and I’m a Disabled Veteran

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                              Question: Dear Steve, We bought an existing business – a gym- with an SBA loan. Even though we grew the membership from 80 to 430 within 2 years, the overhead and servicing the loans were crushing us. Enter the $10 per month gym chains and we had no other option than to sell the gym for a fraction of what ... Read More »

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