Question: Dear Steve, My son’s student debt is in repayment now for the 22nd year, late with their payments by a week or two, many times. The loan servicer (Navient) added almost $20 thousand capitalized interest to the loan due to this, plus charged late payment fees on top of that. Is it legal for …
Question: Dear Steve, I went to Penn state from 2012-2015 and gained a HUGE $100,000 of debt (now at $80,000). Initially, I had probably seven different types of loans. When I applied to PSU, I was out of state, applied for FAFSA, 60 or so scholarships, and all the financial aid I could get. Well, …
Question: Dear Steve, We resolved over $250,000 of private loans with your guidance. I wanted to share this with you to give more details. If you ever need them, contact me. I took your advice to default and not respond to Navient’s bill collectors. In Dec. 2020, they called and offered me a $20,000 settlement. …
Question: Dear Steve, I attended the Los Angeles Film School, a for-profit trade school for aspiring creatives who want to get into the entertainment business. Unfortunately, before going to school, I was lured in by the same predatory practices that enticed me when I was 19. 11 years later, I am still in debt with …
Question: Dear Steve, I’m retired Air Force and went back to school after I retired. I didn’t have the GI Bill, so I had to finance my schooling through loans. The worst part is I went to the Art Institute in 2006 or so and then made the mistake of attending that school again and …
Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of …
Question: Dear Steve, I have worked with Damon Day for a year, and he finally got me a solution with Navient for my student loans. It was unbelievable, too good to be true. I have given 5,000 as a down payment tomorrow to Navient, and I’m terrified. But Damon Day is for real, isn’t he? …
Question: Dear Steve, I owe Navient over $80,000 in student loans. I stopped paying in 2018 because they misallocated one of my payments. They called people who were not listed on my MPNs. When I asked a supervisor about repayment options, I was told it was at their discretion what they tell me about all …