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Consumer Debt Articles

Major Changes to Now Allow You to Eliminate Federal Student Loans in Bankuptcy

Steve RhodeNov 23, 20225 min read
Major Changes to Now Allow You to Eliminate Federal Student Loans in Bankuptcy

Are you in an income-based repayment program? Have you been repaying your federal student loans for more than ten years? Have you tried to work with your servicer on a more reasonable payment plan? -or- Are you in default on…

FTC Goes After Timeshare Exit Players That Allegedly Target Older Folks

Steve RhodeNov 23, 20223 min read
FTC Goes After Timeshare Exit Players That Allegedly Target Older Folks

The U.S. Department of Justice, on behalf of the Federal Trade Commission, and the Wisconsin Attorney General, filed suit today against Consumer Law Protection and related companies, along with their owners and operators, Christopher Carroll, George Reed, Louann Reed, Scott Jackson,…

DOE and DOJ Issue Guidelines for Dealing with Student Debtors in Bankruptcy: Blah, Blah, Blah

Richard FosseyNov 18, 20225 min read
DOE and DOJ Issue Guidelines for Dealing with Student Debtors in Bankruptcy: Blah, Blah, Blah

On November 17, the U.S. Department of Education and the Department of Justice issued a 15-page document titled “Guidelines For Department Attorneys Regarding Student Loan Bankruptcy Litigation.” According to the memo, these guidelines aim “to enhance consistency and equity in…

Another Half Assed Attempt to Fix Federal Student Loans With Bankruptcy

Steve RhodeNov 18, 20225 min read
Another Half Assed Attempt to Fix Federal Student Loans With Bankruptcy

The Department of Education just released a guidance document to the Department of Justice on what they feel should be done to allow people to discharge federal student loans, partially or entirely. While I applaud the efforts by the Department…

FTC Nails Business in a Box and Crypto Investment Recycled Schemes. Here We Go Again.

Steve RhodeNov 16, 20225 min read
FTC Nails Business in a Box and Crypto Investment Recycled Schemes. Here We Go Again.

The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, for using unfounded claims of significant returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and…

Is Your Debt Relief Company a Scam and How to Make an Extra $800 a Month to Make Ends Meet

Steve RhodeNov 16, 202219 min read
Is Your Debt Relief Company a Scam and How to Make an Extra $800 a Month to Make Ends Meet

Worrying about being scammed by a debt relief provider is a real fear. But what is a scam? That question is surprisingly more challenging than you might imagine. In this podcast, Damon Day and I discuss why calling any debt…

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