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Get Out of Debt

Yes, You Can Use Government Money to Get Out of Student Loan Default

Steve Rhode | Posted 01.13.2015 | Money
Steve Rhode

Sometimes in life you come across something that seems like it just simply can't be true. This seems like one of those things, but in this case it is absolutely and unbelievably true.

I Was a National Guard Nurse With Loads of Student Loans

Steve Rhode | Posted 01.09.2015 | Money
Steve Rhode

Dear Steve, I am a nurse who graduated in 1997. I went into default and had my wages garnished for nearly two years. I was in the Florida Army Nation...

The Fine Art of Getting Out of Debt

Steve Rhode | Posted 01.07.2015 | Money
Steve Rhode

Getting out of debt is, almost inconsequentially, about the money -- yet it's the bills people focus on. It's no wonder why debt ruins the lives of masses of people who struggle under its burden.

A Debt Collector is Garnishing Our Wages Over a Student Loan

Steve Rhode | Posted 01.06.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My husband received a call from the EOSCAA in Nov, 2013 that he owed $56000 on a student loan. Between N...

My Mom Died and Left Me Her Bill

Steve Rhode | Posted 01.02.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My mom recently passed away and she has a credit card in her name on which I was an authorized user. My ...

How Can I Consolidate All My Private Student Loans?

Steve Rhode | Posted 12.30.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I'm looking to consolidate private/government student loans. I have a few several outstanding loans wit...

How Do I Get Navient to Settle My Federal Student Loan for Less?

Steve Rhode | Posted 12.18.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I have a student loan with Navient (formerly Sallie Mae). A relative of mine has come into some money an...

Government Goes After Student Loan Assistance Companies

Steve Rhode | Posted 12.12.2014 | Money
Steve Rhode

The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans.

How This 28-Year-Old Paid Off $81K In Debt

Credit.com | Posted 01.21.2015 | Money
Credit.com

As a kid, Austin Netzley remembered being enthralled with the concept of money and promising himself that one day he'd be wealthy. And now, at 28, by most people's measure, he is. He's been an athlete, student, engineer and entrepreneur. And at this point in his life, he considers himself "retired."

How Can I Transfer My Parent PLUS Loans to My Son?

Steve Rhode | Posted 01.19.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I have several parent plus loans that I took out for my sons college. He also has some stafford loans. ...

Get Out Of Credit Card Debt -- With A Little Help From Your Peers

Shindy Chen | Posted 12.28.2014 | Money
Shindy Chen

It's the revolutionary multi-billion-dollar industry nobody's heard of, and it's killing credit card debt for hundreds of thousands of consumers. It's not only disrupting, but completely undressing the traditional credit model.

Why Didn't the Bankruptcy Court Discharge My Student Loans? I'm a Teacher.

Steve Rhode | Posted 12.13.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My husband & I filed Chapter 7 Bankruptcy in Arizona in 2011, discharged May, 2011. We filed due to his ...

Shouldn't My Bank Have Backed Off During My Bankruptcy?

Steve Rhode | Posted 12.13.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I graduated college in August 2010 and filed Chapter 13 bankruptcy in September of 2010 to get rid of so...

Why Debt Consolidation Can Leave You Deeper In Debt

Jackie Beck | Posted 12.07.2014 | Money
Jackie Beck

Moving your debt around can give a false sense of relief. It makes you feel better about what you owe. That's a problem because most of us don't change until we can't stand a situation any longer. So you don't change anything about your behavior.

What Should I Do If My Student Loan Relief Company is Not Delivering Results?

Steve Rhode | Posted 12.06.2014 | Money
Steve Rhode

This is actually a guest post submitted to my on my Get Out of Debt site. However, it contains such good commonsense advice for people looking to hire...

Student Loans Will Kill Your Dreams of Home Ownership

Steve Rhode | Posted 12.02.2014 | Money
Steve Rhode

The finances of getting a college degree should not be entered into without contemplative consideration or just based on assumed faith.

What is the Process to Get ITT Tech Student Loans Forgiven?

Steve Rhode | Posted 11.26.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My husband and I both went to school at ITT Tech, a for-profit college. My husband got a Bachelor's degr...

Can I File Bankruptcy on My Federal Student Loans to Stop My Wage Garnishment?

Steve Rhode | Posted 11.26.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Wage garnishment has been in effect for almost two years. I was always told that you cannot file bancrup...

DOD Purposes Lending Rule Change to Protect Military Families From Abusive Interest Rates

Steve Rhode | Posted 11.26.2014 | Money
Steve Rhode

The Department of Defense is proposing changes to the Military Lending Act (MLA) to extend financial protections for military members and in turn, the...

My Ex-Friend Won't Pay Me What They Owe and I Cosigned

Steve Rhode | Posted 11.24.2014 | Money
Steve Rhode

Huffington Post Reader Question A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45,000, he...

How Can I Gently Tell You, You've Been Scammed?

Steve Rhode | Posted 11.24.2014 | Money
Steve Rhode

Now that you have paid, you are on a list of people willing to fall for the scam, the threats and demands should begin to accelerate. The scammers are probably selling your name around as a good target.

FTC Slaps Debt Collection Operation Over Phantom Debts

Steve Rhode | Posted 11.23.2014 | Money
Steve Rhode

Lately I seem to be getting a bunch of reader questions about debt collectors going after old debts. See this and this. Well the Federal Trade Commis...

Can I Take Advantage of a Debt Collector Settlement Offer Error?

Steve Rhode | Posted 11.23.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, A debt collector mailed me a bill for the total amount of $308.00. It stated in the letter that they are...

Is This Email I Got About an Old Debt for Real?

Steve Rhode | Posted 11.22.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Out of the blue I received the attached e-mail. Now I know from reading the Fair Credit Act, that this m...

I'm Being Sued Over an Old Debt I Don't Recognize. What Do I Do?

Steve Rhode | Posted 11.22.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Some debt collector has been contacting me by phone about an old debt I know nothing about and saying I ...