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Steve Rhode

New Bankruptcy Forms Make It Easier to File Without an Attorney

Steve Rhode | Posted 11.24.2015 | Business
Steve Rhode

Now don't get me wrong, there is no substitute for the experience, knowledge, and wisdom of an experienced bankruptcy attorney. But for decades people have been filing out their own bankruptcy petitions, because they can. The forms were not geared for the average person to easily figure out.

AES Is Not Willing to Help Me With an Affordable Private Student Loan Payment

Steve Rhode | Posted 11.24.2015 | Business
Steve Rhode

Unlike federal student loans with a myriad of repayment options, it is not surprising for private student loan lenders to say it is our way or the highway.

How Can I Move Forward When My School Won't Release My Transcript?

Steve Rhode | Posted 11.20.2015 | Business
Steve Rhode

It has been a common practice for decades now for schools to withhold the benefit of attending - official transcript - until all money owed is paid. The transcript or diploma is the collateral they hold to make sure they don't get stiffed.

The Morgan Drexen Legacy: More Pain for Lawyers and Consumers

Steve Rhode | Posted 11.18.2015 | Business
Steve Rhode

One of the allegations leveled at Morgan Drexen was they were not acting in the best interests of the consumers they sold services to and were hired to help. Ultimately the CFPB prevailed in their lawsuit, primarily because the court ruled Morgan Drexen had "manipulated, altered, and destroyed evidence."

The Death of the Traditional Debt Relief Industry for Now

Steve Rhode | Posted 11.16.2015 | Business
Steve Rhode

Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services.

Will Mark Tetzlaff Be Our Student Loan Hero?

Steve Rhode | Posted 10.22.2015 | Business
Steve Rhode

Mark Tetzlaff is a law school student who might not have achieved his dream of being a licensed attorney but the guy surely deserves some props for championing the cause through the courts of being impossibly in debt with student loans and seeking a legal remedy.

A Feel Good Dog Rescue Story to Make You Smile

Steve Rhode | Posted 10.15.2015 | GPS for the Soul
Steve Rhode

Three more dogs saved from a kill shelter and flown to new forever homes. Now that's not a bad days effort.

My Daughter Lives in the UK Now and Can't Afford Her U.S. Private Student Loans

Steve Rhode | Posted 10.13.2015 | College
Steve Rhode

Dealing with student loan debt is full of a terrible amount of misinformation. It's still an evolving topic and most everyone gets it wrong. From student loan servicers to bankruptcy attorneys, the right information is not getting out.

My School Misled Me, Is Closing, and Leaving Me in Debt

Steve Rhode | Posted 10.06.2015 | Business
Steve Rhode

According to public data, it looks like International Academy of Design and Technology may have lied and misled you to encourage you to enroll. Government data doesn't show fantastic graduation rates.

Father Forged Kids Names on Student Loans. Do They Owe Them?

Steve Rhode | Posted 10.06.2015 | College
Steve Rhode

As you can imagine, this is a complex problem. On one hand you have the issue that the kids were clearly victims of identity theft. On the other hand it appears they received the benefit from the loans.

Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid

Steve Rhode | Posted 10.02.2015 | Business
Steve Rhode

As a consumer debt expert for decades I've developed a pretty good sense of reading the tea leaves of debt. Sometimes this means making some sense out of puzzle pieces well in advance of assembly.

My Car Is All Worn Out. What Should I Do?

Steve Rhode | Posted 10.01.2015 | Business
Steve Rhode

While a new car does increase some of your costs it also reduces some and most importantly, gives you a better chance of having reliable transportation for a longer period of time with a manufacturer warranty to protect your financial risk of major repairs.

This Guy Gets How to Deal With Debt

Steve Rhode | Posted 10.01.2015 | Business
Steve Rhode

Bill Westrom just sent in an article to me to post on my site and it was so on track with what I have been trying to get across to people. I had to share it with you.

Reporter Discovers Student Loan Shit Your Pants Syndrome #SYP

Steve Rhode | Posted 09.24.2015 | Business
Steve Rhode

My condolences for being a professional and award-winning reporter. The people who read or view the stuff folks like you produce, just don't understand how little most talented reporters, journalists, and writer actually make. It's pretty sad.

Department of Education Tips Hand on Student Loan Defense

Steve Rhode | Posted 09.16.2015 | Business
Steve Rhode

The Department of Education is scheduled to publish a request that seems to tip their hand about a borrower defense that could allow lots of students from having to repay their student loans.

I Have a Mental Problem That Leaves Me Unable to Pay My Student Loans

Steve Rhode | Posted 09.08.2015 | Business
Steve Rhode

Dear Steve, I have a mild psychiatric disorder, and I have my total and permanent disability form accepted. However, I found out that for a three year monitoring period, if I make money over the poverty level, in three years I will have to go back to paying it back.

How to Clean Up With Your Own Pet Business

Steve Rhode | Posted 08.28.2015 | Business
Steve Rhode

I thought this article Kelli Clevenger shared with me was awesome. It opens the possibilities for people who want to start their own business and who love pets. But one lucrative opportunity isn't in there, poop scooping. I know a couple of people who have really cleaned up by cleaning up.

How Can I Make ACS Verify My Student Loan Balance?

Steve Rhode | Posted 08.26.2015 | Business
Steve Rhode

An exploding balance is alarming. To see your balance growing so much that it approaches doubling is certainly a concern. But there are some very valid reasons why this might happen.

My Brain Infection Left Me in Decades of Student Loan Debt

Steve Rhode | Posted 08.20.2015 | Business
Steve Rhode

I went to a community college about 22 years ago. In order to go I had to take out several loans in the last six months of my college life I became extremely ill. I contracted a brain infection that left me with no memory of what I even took in college.

How Do I Get My Money Back from Morgan Drexen?

Steve Rhode | Posted 08.05.2015 | Business
Steve Rhode

For debts that were not settled, you will need to consider other options. Morgan Drexen is not in business and cannot settle these debts. You can negotiate directly with creditors, begin making payments, or consider other options such as bankruptcy.

Law School Debtor Loses Bankruptcy Decision to Discharge His Debt, But Lessons Learned

Steve Rhode | Posted 08.03.2015 | Business
Steve Rhode

The United States Court of Appeals for the Seventh District just ruled that a student loan debtor could not discharge his loans in his consumer bankru...

Another Consumer Nukes Their Student Loans Through Bankruptcy

Steve Rhode | Posted 07.31.2015 | Business
Steve Rhode

Not all consumers would be willing to adopt that approach but recent cases confirm it can be a successful strategy to crawl out from under life crushing student loan debt.

My Art Institute and Fullsail Student Loans Are Outrageous and Unaffordable

Steve Rhode | Posted 07.30.2015 | College
Steve Rhode

It is of little comfort for me to confirm you are a good example of a larger problem faced my scores and scores of students in America.

Teacher Discharges Loads of Student Loans in Bankruptcy. ECMC Fights Back.

Steve Rhode | Posted 07.28.2015 | Business
Steve Rhode

Today I'm looking at another bankruptcy discharge case, see more here, where a bankruptcy judge felt it was appropriate to allow for a legal discharge of student loan debt. In this case the consumer represented herself in the action and has fought a valiant battle.

Bankruptcy Court Wants to Discharge Spousal Consolidation Student Loans. Educational Credit Management Corporation Says, "Not So Fast."

Steve Rhode | Posted 07.24.2015 | Business
Steve Rhode

I have to admit I am totally perplexed by the media and popular myths that believe student loans can't be discharged in bankruptcy. Even a lot of bankruptcy attorneys believe this wildfire myth.