Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Steve's Thought of the Day
Maybe it is time to read what the Bible really says about bankruptcy instead of listening to the assumptions of others. Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
The Department of Education has been pressuring ITT Technical over issues that impacted the schools ability to be eligible for federal student loans. In response, ITT has shut their doors to new students and left current students in a lurch. While ITT Technical says “Endless Possibilities” as of today, one of those possibilities is not … Read more
Currently, the Public Service Loan Forgiveness program allows public service and non-profit employees to have their loans 100% forgiven tax-free after making 120 qualifying payments. There is no partial forgiveness along the way. If a group of Democratic Representatives in Congress get their way, that will drastically change. The bill was co-sponsored by Rep. Meng, … Read more
Medtech College in the Washington, DC area has been denied recertification for eligibility to make or accept federal student loans. According to the Department of Education (ED), “ED took this step after finding that Medtech significantly overstated job placement rates reported to its institutional accreditor, to the public, and to ED. In addition, Medtech made … Read more
Question: Dear Steve, We have a Federal Consolidation PLUS loan for putting our two kids through college. Original total loan amount was $118,000. Unfortunately at the same time the payments were to begin, in 2008, my husband lost his job. It was the financial meltdown and he worked at Fannie Mae. Terrible times for several … Read more
Question: Dear Steve, I decided to enroll into the Massage Therapy Program at Everest University which I quickly discovered was not only a scam but very unprofessional. I attended 6 out of the 9 months it took to graduate because my teacher began to harass me when he discovered I was a lesbian, he harassed … Read more
Question: Dear Steve, About 12,000 debt in private school loans. Haven’t been able to make the payment for years. Have used all my forbearances and deferments possible and now am at the point where they are threatening to garnish my wages. Default status I guess has already been placed. I went bankrupt about 4 or … Read more
Question: Dear Steve, I have a private student loan from AES that was taken out in 2004 Original Balance: $22,099. Current Balance: $21,518. Total Interest + Principle paid to date: $21,216. (Total principle satisfied $8300, the rest is all interest), so how I still have nearly the same balance as I started with is baffling. … Read more
by Annie Waldman ProPublica, Aug. 9, 2016, 10:45 a.m. Almost a dozen people with harrowing experiences with New Jersey’s controversial student loan program testified on Monday before state lawmakers, detailing its aggressive collection tactics and onerous terms that some said had ruined them financially. “Hesaa destroyed my family,” Tracey Timony, referring to the state’s Higher … Read more
Question: Dear Steve, The Financial Aid dept. at Lincoln Collage of Technology, Indpls, In., at the time of meeting regarding a parent plus loan, would not take my husbands financial info as “he was not present at that meeting” , but only took mine (the mother), and I hardly made anything at my MLM business … Read more
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 … Read more