Yesterday I wrote How to Get Your Federal Student Loans Forgiven if You Go to Prison. The results of my research were so surprising I had to make this podcast as a follow-up. This is just another wrinkle in the ridiculousness created by student loans. After taking a deep dive into this subject, I’m not …
Question: Dear Steve, I was incarcerated for 20 years. During this time, my student loans were declared unrecoverable and were transferred to the IRS as a capital gain. At least that is what they informed me. All but one. for some reason this $2700 loan was not included and has grown to 5700 with 20 …
“Dear Steve, Hello, I owe a total of $10,000. ($5,000 to Visa $5,000 to MasterCard) I have had perfect credit for the past 15 years. I had to spend $10,000 on a lawyer for my son. (the plan was for him to be released and he would pay this off, he will be released on …
Just when you though we were done with the foolishness of spending local government money to assist debt collectors, a loophole in Missouri allows creditors to have consumers tossed in jail. Now don’t get too worried, this is happening because people are missing court dates. But consumers are also being setup for this as well. …
“Dear Damon, I just spend the last 18 months in prison…I have a ton of debt now because there was no one to help me on the outside. I’ve been told that my debt is erased when incarcerated…is this true. If so how do I go about clearing my financial obligations….I don’t want or need …
“Extreme couponers” are seen by many as selfish, greedy hoarders. Thanks to those showcased on the TLC disaster show, “Extreme Couponing”, I’d have to generally agree. Perhaps we should label this new breed of couponers, those that hoard or manipulate the system as: Insane Couponers. Insane Couponers are popping up left and right, north and …
I was reading the MCRC Maryland Consumer Right Coalition “Debt Settlement in Maryland: Compounding problems, deepening debt” report. You can download your copy here. In the document the story of attorney Richard Brennan who got heavily involved in debt settlement is told. It’s one of the few cases where I’ve seen an attorney go to …
Jacob “Dear Steve, My parents were sued by a mortgage company that took over the house they lived at (almost a year ago). The landlord at the time went with my parents to court. She agreed to pay the settlement ($2400). We got her to sign an agreement with her saying that she would pay …
Kent “Hi Steve, I left Dubai without paying my credit card bills with 2 int’l. banks. I am now here in Canada on a permanent resident status. Can they trace me here? I am worried that it might adversely affects my application for Citizenship should I apply after 3 to 4 years. I am really …
Andrew “Dear Steve, I have worked in UAE -Dubai ( GCC Country) for 5 yrs and i have bank debts (Credit cards and personal loans and car loans) in that country and i came back to India without paying them back. Basically i am from India. What can i do other than this if i …
