Is Forbearance Bad?
A reader wants to put his student loan payments on pause to focus on paying down credit card debt first.
Steve Rhode
10 minute read
Steve Rhode
Steve Rhode is known as the ‘Get Out of Debt Guy’ and he has been teaching people how to deal with money problems since the 1990’s. After his own personal bankruptcy, he formed a nonprofit organization to help people get out of debt. Since then, he’s had a syndicated advice column in 50 newspapers across the country and has written three books. He’s appeared on FOX, CNN, ABC, NBC, and MSNBC giving money advice and now he is now an investigative reporter specializing in covering consumer debt and the debt relief world.
11 Easy Ways to Spot a Get Out of Debt Scam
Have debt worries? Here is how to avoid being swindled.
Steve Rhode
5 minute read
What’s a “Private Student Loan Cosigner Release”? And Does it Cover the Primary Borrower, too?
If a cosigner is released from repaying a debt, that doesn’t mean that everyone is off the hook.
Steve Rhode
6 minute read
Should I Get a Loan to Pay Off Credit Cards?
A reader keeps getting offers for debt consolidation loans, but she’s not sure if they’re a good deal.
Steve Rhode
8 minute read
What is the Statute of Limitations on Student Loan Debt?
Even if a debt is past the statute of limitations, you may still receive collection calls. Here’s what you can do…
Steve Rhode
3 minute read
What Happens When You Can’t Pay Medical Bills?
If you simply can’t afford to pay, it may be time to pull the plug and file bankruptcy.
Steve Rhode
3 minute read
Why Store Credit Cards are Almost Never Worth It
The stores are trying to make money off you – but you may be able to flip the script.
Steve Rhode
10 minute read
Can Student Loans Be Discharged if My School Closed Down?
A reader’s student loans still exist, even though her school doesn’t. Fortunately, she has options.
Steve Rhode
10 minute read
Can I Retire With $60,000 On My Credit Cards? Or Am I Doomed?
A reader is worried about never being able to retire.
Steve Rhode
8 minute read
Should I Settle My Student Loan Debt For 60 Percent Or Fight For Half?
A reader has already decided to settle his debts for less than he owes. The only question is: How much less?
Steve Rhode
5 minute read
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