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Recently Answered Reader Questions

You Do Know Debt Forgiveness Fuels a Healthy Economy

How Can I Deal With Payday Loan Debt?

Steve RhodeMay 12, 20232 min read

There are legitimate ways to stop payday loans and cancel or pay less, depending on your specific situation. Here are some options to consider: Negotiate with the lender: You can try to negotiate with the lender to work out a…

Is Americor a Good and Reputable Company?

9 Things to Know About House Republicans Move to Halt Biden’s Student Loan Forgiveness Program

What happened: House Republicans passed a resolution to terminate President Biden’s policy to cancel student loan debt for millions of borrowers. Who supported it: The resolution was supported by every…

Another Half Assed Attempt to Fix Federal Student Loans With Bankruptcy

Former Credit Counseling Executive and Serial Dirtbag, Andris Pukke – Arrested

Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the…

President Biden Is Under Pressure to Extend Pause on Student-Loan Payments. What Will That Cost?

President Biden Is Under Pressure to Extend Pause on Student-Loan Payments. What Will That Cost?

Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing that Biden should extend the pause on student-loan repayments until after…

milky way at night

I’m 78 and Living in Alaska and Trying to Survive on Social Security

Question: My wife and I are US citizens, 78 yrs old, on social security in Alaska, and owe $15,000 USD on a VISA card. We have no other debts and…

a tax form with a word scam on its face

I’m the Victim of a Bank of America Credit Card Scam

Question: Dear Steve, I have an outstanding $33K balance on a BoA credit card. It is at 0% until April 2023. I was the victim of a scam and got…

Is DRS MoneyFit Credible or a Scam?

Is DRS MoneyFit Credible or a Scam?

Question: Dear Steve, I signed up for debt reduction management counseling and enrolled in a program with DRS Money Fit. I’ll be paying them a monthly amount, which will go…

I Went to St. George’s University, Got Bad Information and I’m Deep in Debt

I Went to St. George’s University, Got Bad Information and I’m Deep in Debt

Question: Dear Steve, $568,000 in student loan debt between undergraduate and medical school. I went to St George’s University a massive for-profit medical school in Grenada. The education was fine,…

Is This Email Saying I Have Money Coming From Luxembourg and I Think This is a Scam?

I Got This Email Saying I Have Money Coming From Luxembourg and I Think This is a Scam?

Question: Dear Steve, I don’t believe this is a relative of mine. I think this is a SCAM. Patrick Answer: Dear Patrick, It is a scam. Recently you…

I Took Out a Credit Card to Make Money for Dental Work and My Plan Didn’t Work. They Are Asking for Income Verification and Suing Me.

I Took Out a Credit Card to Make Money for Dental Work and My Plan Didn’t Work. They Are Asking for Income Verification and Suing Me.

Question: Dear Steve, I am on SSD because I have Liver Cancer, Degenerative Spine Disease, Fibromyalgia, Narcolepsy, Asthma, PTSD, ASD, and Depression. A couple of years ago, I got an…

I Want to Enter a Financial Hardship Program for My Credit Card Debt

I Want to Enter The Financial Hardship Program for My Credit Card Debt

Question: Dear Steve, I maxed out my credit cards during covid/the last two years. I want to enter into the financial hardship program for my highest card, but they close…

Holy Crap You Answered My Question and Now I Don’t Want You To

Holy Crap You Answered My Question and Now I Don’t Want You To

Question: Dear Steve, HOLY CRAP! As I usually do, I am reading your commentary, and some things are jumping at me. I am thinking, “Gee, this guy has some of…

Have I Been the Victim of a Fake Payday Loan Debt Collection Scam?

Have I Been the Victim of a Fake Payday Loan Debt Collection Scam?

Question: Dear Steve, Speedy Cash This Year sent me some lawsuits and Last year, ACS Sent me some things I think these are the same 2 scams your talking about.…

I’m 69, Disabled, and In Debt. Am I Fucked?

I’m 69, Disabled, and In Debt. Am I Fucked?

Question: Dear Steve, ME: 69-year-old single male living only on Social Security-no other money available. Former Radiology Tech for 28 years; a catastrophic illness put me on Disability in May…

Where Did Elite Financial Solutions Go With My Money?

Where Did Elite Financial Solutions Go With My Money?

Question: Dear Steve, I’m a client of Elite Financial Solutions in Florida. We have up to $5000 in our escrow account through them. They did well on a number of…