Since I spend my day researching important consumer debt issues, I thought I’d share with you the material that I found most fascinating today: Student Loan Losses Seen Costing U.S. More Than $400 Billion “The U.S. government stands to lose more than $400 billion from the federal student loan program, an internal analysis shows, approaching …
Question: Dear Steve, my question is regarding student loan debt. I am a US citizen, currently living in Canada with about $80K or Navient student loans left, after paying for close to 11 years. A lot of that time I was on repayment plans, but I am not paying the full payment because there is …
Question: Dear Steve, I have recently become unable to work due to arthritis in all my joints (very painful) However I just started collecting CPP disability. But it is not enough to pay all my everyday living expenses. Now I am starting to get in debt. Borrowing money from people…my Cpp is $453.61.I also get …
Nice to see the U.S. has exported another invention, crushing student loan debt. The Financial Post in Canada published a great article Student debt: The crippling side effect of education. “My student loan will be like an anchor holding me back until I have it all paid off — in my eyes — only then …
Question: Dear Steve, I really need some help. Every lawyer I reach is looking for a consult fee and I am not sure if there is a solution for me and at this time just cannot afford the $500 consult fee. I am happy to pay if I know there is a solution and this …
Question: Dear Steve, I absconded from DXB shortly after graduating from my master’s degree program in 2014. I was working full time for an airline and pursuing my studies during my time off and leave. I was fed up with the bullying from the company and (some co-workers) and had enough. The working conditions were …
The Calgary Herald had the balls to write an article I passed on when it was announced Alan Thicke had unexpectedly passed away. Apparently people in Canada are just a bit bitter about Thicke’s role in Canadians falling into problematic debt settlement with Cambridge Life Solutions. You can read the full article here. Their headline …
The national 90 day+ delinquency rate and average debt held by Canadians increased this quarter when compared to the same period in 2015, according to Equifax Canada’s Q3 2016 National Consumer Credit Trends Report. Average debt increased by 3.6 per cent to $22,081, while the delinquency rate increased from 1.05 per cent to 1.14 per …
Question: Dear Steve, My family lived in Abu Dhabi for 5 yrs before we moved to Canada 6yrs ago. 2yrs before we left we took a loan to pay our rent about 30,000 and could not finish the payment before we left. We paid back more than half of the loan. One year later my …
Question: Dear Steve, I am a Canadian who was given a USA private student loan with EdInvest that was then transferred to FirstMark Services, who now has my loan. I owe approximately 21000 USD and I am unable to make the loan payments. I do not live in the USA. I have 2 children and …