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Question: Dear Steve, I consolidated my undergraduate loans into an FFEL Consolidation loan, disbursed in October 2007, owned by Nelnet. After that, I graduated, worked three years at a nonprofit, only to discover the payments I made during those years weren’t eligible for PSLF because I was paying on an FFEL loan, not a direct …
Question: Dear Steve, In 2012 My ex girlfriend of 16.5 years needed a car she was unable to qualify for the loan by herself and was asked to sign so I did, big mistake but I lived with her and this was not unusual request. Anyway about a year later we split up due to …
Question: Dear Steve, I paid a private student loan assistance company take care of my loan consolidation. They mistaking included a parent loan causing me only one income based repayment option. When I received my paperwork from the Fed servicing department I missed my 10 day grace period to make any changes to the loan. …
Question: Dear Steve, Took out Federally backed Student loans with Sallie Mae 20 years ago after a divorce. Had to use deferments due to job losses and health issues. Borrowed around $75,000 for three degrees. Due to the delayed interest from the deferments I now owe $126,000. I am now in retirement at 69 years …
Question: Dear Steve, Firstly, thanks for all the information here. It takes time to gather all this information, sources and repost it in a way that failures like me can understand. In a quick nutshell: Attended a US uni in London, UK, for 3 years, whole thing on student loans. Graduated in 2008, in the …
Question: Dear Steve, $100,000 in unsecured debt. $50,000 of total is in 5 year consolidation loans. $10,000 in health bills. $165,000 annual salary. Bouncing credit card to consolidation loan keep credit score high. Going into debt $500 more per month. Children so can’t reduce expenses, really. Should I go into Chapter 13? Should I use …
Question: Dear Steve, I have two private student loans serviced by Navient ($15,000 and $16,000). I pay $262/month, which is almost interest only. I also have several credit cards totaling $12,900, and a personal loan through Avant for $7,800. I make minimum payments on the credit cards and a $288 payment on the Avant loan, …
Question: Dear Steve, I am a longtime senior stuck in the predator web of Check n Go. November 2015 I went into pay my $300.00 loan and the clerk offered me a $3000.00 loan and I bit and made the installment loan and I have paid 8 payments of $400.00 (total of $3200.00) and I …
Question: Dear Steve, I have approximately $90,000 in private student loan debt which I took out for my undergraduate degree. About half of that is interest. Throughout my undergraduate degree I was unable to get federal loans because my mother hadn’t paid her taxes in many years. I had planned on making big money as …
Question: Dear Steve, I was laid off & late in my pregnancy when my job closed. I was on disability then when I finally went back to work I fell and went back on disability, over 7 months behind of my bills. Is it better to settle my debt on my own or should I …