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Steve Rhode

How Can I Payoff Massive Parent PLUS Loans My Mom Can't Afford?

Steve Rhode | Posted 06.01.2015 | Money
Steve Rhode

Dear Steve, My situation is similar to those asking about student loans and repayment. My Mom had to take out parent plus loans under her name to...

Should We File Bankruptcy Because of Business Debts?

Steve Rhode | Posted 05.30.2015 | Money
Steve Rhode

Money problems are solved by increasing income, reducing expenses, a combination of the both, or intervention. Bankruptcy is the only legal process that forces your creditors to have to deal with the debt by eliminating it or establishing a payment plan you can afford.

How Can I Get the Debt Collector to Stop Bothering Me?

Steve Rhode | Posted 05.24.2015 | Money
Steve Rhode

Question: Dear Steve, I'm getting really tired of being hassled for an old debt I don't owe. I keep trying to explain to the debt collectors th...

There's a Catch to Income-Based Repayment That Could Cost You Money

Steve Rhode | Posted 05.17.2015 | Money
Steve Rhode

When it comes to dealing with student loans it can be a good news-bad news situation. While there are some good options to dealing with student loans when you can't afford the payments, not all loans are the same.

One Way to Eliminate Your Student Loans in Your Spare Time

Steve Rhode | Posted 05.16.2015 | Money
Steve Rhode

We talk a lot about student loan debt and how to deal with it here at It is something that so many people are trapped under. How do ...

Should We Rent or Buy a House?

Steve Rhode | Posted 05.12.2015 | Money
Steve Rhode

Dear Steve, My wife and I are new to the area and wondering if we should jump right in and buy a house or rent. I hate to rent because I think we a...

How Avoiding Bankruptcy Can Backfire

Steve Rhode | Posted 05.04.2015 | Money
Steve Rhode

In the world of personal finance, credit concerns and debt issues, there is no single issue that is more misunderstood than bankruptcy.

How Can We Really Get Out of Debt?

Steve Rhode | Posted 05.02.2015 | Money
Steve Rhode

Question: What is the Secret to Getting Out of Debt? Dear Steve, My husband and I have been limping along just breaking even for sometime now ju...

My Life is Hopeless. I Can't Pay My Bills. What Can I Do?

Steve Rhode | Posted 04.26.2015 | Money
Steve Rhode

Question: I Can't Pay My Bills. What Can I Do? Dear Steve, I'm so completely freaked out about my bills. I'm now so in debt and worried about it...

My Husband Passed Away Owing Bills

Steve Rhode | Posted 04.25.2015 | Money
Steve Rhode

Money, Credit and Debt Advice - Get Out of Debt Guy Question: My Husband Passed Away With Bills Dear Steve, My husband passed away a few year...

FTC Goes After Debt Relief Companies Who Deal With Payday Loans

Steve Rhode | Posted 04.22.2015 | Money
Steve Rhode

On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, Infinity Client Solutions, Infinity Col...

Student Loan Payment Problems & Late in Life Student Loans

Steve Rhode | Posted 04.21.2015 | Money
Steve Rhode

If your tax refund was intercepted by the Department of the Treasury then you must be significantly behind on your student loan payments.

Student Loan Troubles & Debit Card Advice

Steve Rhode | Posted 04.19.2015 | Business
Steve Rhode

Huffington Post Reader Question Question: My Student Loans Leave Me Hopeless Dear Steve, I can't believe how much student loan debt I have. I...

The Credit Union Won't Lower My Son's Student Loan Interest Rate

Steve Rhode | Posted 04.14.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Too much student debt and banks wont help. My son has a few student loans. One of them is from a credit...

What Happens to My Cosigner If I Stop Paying My Student Loans?

Steve Rhode | Posted 04.13.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Over $200,000 in private student loan debt with a cosigner. If I choose to stop paying my private...

I've Been a Lifelong Educator and Want My Loans Forgiven

Steve Rhode | Posted 04.12.2015 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I have many student loans from being a foster child and providing for my own education. As a teacher and...

Mystery Minister Mired in Massive Navient Student Loans

Steve Rhode | Posted 04.11.2015 | Money
Steve Rhode

Keep in mind defaulting is not without consequences. Navient will reports the loans past due on your credit report and in collections. That will leave a seven year notation on your credit report. Navient could always sue you in an attempt to collect and then try to garnish your wages if they won.

My Husband Ran Off With Another Woman and Left Me in Debt

Steve Rhode | Posted 04.08.2015 | Money
Steve Rhode

What divorce lawyers don't explain well or people don't hear is that the divorce agreement is an agreement between the two people getting divorced and has no impact on the creditors at all.

Debt Buyers Keep Selling My Debt, and I'm Being Sued

Steve Rhode | Posted 04.07.2015 | Money
Steve Rhode

Considering the fact that your case is already in court and you want to attempt to successfully address the issue, it would make logical sense to hire a local attorney to pursue this debt validation approach for you. It could take as little as a letter from the attorney to the current debt buyer to make this all go away.

Crowdfunding to Help a Sick Friend Can Lead to a Big Tax Bill for You

Steve Rhode | Posted 04.06.2015 | Money
Steve Rhode

Recently Kate wrote to me and asked me a question about the 1099-K form she received after volunteering to raise money to help a sick friend. She was shocked by the big taxable income statement she received. Rightfully so.

$480 Million in Private Student Loans to Be Forgiven

Steve Rhode | Posted 04.05.2015 | Money
Steve Rhode

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education today announced a small but important victory for former students of Corinthian College, who were alleged to have been deceived and lured into high-priced student loans.

My Father Won't Pay His Parent PLUS Loan

Steve Rhode | Posted 04.04.2015 | Money
Steve Rhode

The loan is not your responsibility, and you have no obligation to make any payment on it. This is your father's loan. He is an adult. And even if you had some agreement to repay his loan for him, you had no hand in his misuse or misappropriation of the funds.

My Ex Was Supposed to Pay the Debt in the Divorce, but They Are Coming After Me

Steve Rhode | Posted 03.31.2015 | Money
Steve Rhode

In the divorce process the parties talk about who is going to take on this or that debt and be responsible for it. But as the collector mentioned to you, a divorce agreement does not change the liability of the debt. Joint debt remains a joint liability.

'They Tell Me My Parent PLUS Loans Are Not Eligible for Help'

Steve Rhode | Posted 03.30.2015 | Money
Steve Rhode

Don't give up hope just yet. There is an excellent way to reduce Parent PLUS loans.

When I Retire Will My Social Security Be Reduced Because of Student Loans?

Steve Rhode | Posted 03.29.2015 | Money
Steve Rhode

I am 63 and was wondering if the consolidation loans are not paid off by the time I reach my full Social Security age (66), will it affect the amount of Social Security I receive?