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Consumer Debt Articles

Department of Ed Proposes Cutting Income-Driven Payments in Half

Steve RhodeJan 12, 20234 min read
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Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and middle-income borrowers. The…

Forster & Garbus Illegally Sued Borrowers on Behalf of Citibank and Discover, Among Others

Steve RhodeJan 12, 20234 min read
Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If…

Department of Education Cares So Much About Forgiving Your Student Loan Debt That They Will Start to Garnish Grandma Again

Richard FosseyJan 10, 20233 min read
Department of Education Cares So Much About Forgiving Your Student Loan Debt That They Will Start to Garnish Grandma Again

In response to the COVID pandemic, the Department of Education stopped garnishing the Social Security checks of elderly student-loan defaulters in March 2020. However, DOE…

Color Me Cynical. Department of Education Statement Out of Touch on Loan Forgiveness.

Steve RhodeJan 9, 20233 min read
Color Me Cynical. Department of Education Statement Out of Touch on Loan Forgiveness.

Can we be honest for a minute? The entire issue of forgiving student loans with a one-time approach is stupid. It does not address the…

Taxpayers Lose-Lose with Federal Student Loan Future. All Options Really Suck.

Richard FosseyJan 9, 20234 min read
Taxpayers Lose-Lose with Federal Student Loan Future. All Options Really Suck.

Last August, President Biden announced his plan to forgive between $10,000 and $20,000 in student debt to individuals who make less than $125,000 a year.…

Video podcast – The AMEX Problem

Steve RhodeDec 28, 20221 min read
Get Out of Debt Guy Podcast - Steve Rhode

Listen to the Podcast You can subscribe to my podcast on any of these sites below.                    Easiest way to listen – Say “Hey Siri…

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