Money

Question: Dear Steve, I attended 2 campuses for the Art Institutes of California, the Orange County and San Diego campuses from 2005-2010. When I began enrollment I was told the school was not accredited. However, I was told by multiple faculty members before enrolling, and when I transferred, that they were working towards their accreditation and should have it on ... Read More »

Question: Dear Steve, I am a 32 y/o man that makes around 70k a year from the businesses that I own and run. That number should go to 100k+ over the next 5 years and plateau around there. I bought a place 2 years ago for 300k and have 200k left. 30 year fixed at 4.6%. I just bought a ... Read More »

Question: Dear Steve, Hi there I left Dubai in 1998 with a debt of around 15000 GBP; I was in a dreadful situation personally, my wife and I pregnant and my employer is quite difficult. We left on vacation and didn’t return. As my passport was being withheld, as is Policy I believe, yet felt like I was trapped. We ... Read More »

Question: Dear Steve, I am 47 yrs old. I had an excellent 30-year credit report with the only ding a short sale of my home during the 2009 recession. My dad got cancer and I took time off work to help him. My debt to income ratio not working made me unlendable. I have around $75k unsecured debt and my ... Read More »

Congress has been dropping “helicopter money” into the national economy–adding significantly to the national debt, which now exceeds $25 trillion. That’s a lot of money for our grandchildren to pay back. My own grandkids are ambivalent about this situation. My four-year-old says he thinks he can do it if his dad will increase his allowance, but my six-year-old doesn’t think ... Read More »

Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. The consent order requires SLS to pay $1.275 million in monetary relief to consumers in the form of redress and waiver of borrower deficiencies, pay ... Read More »

Even I get junk mail from scammers. This time it was a little different. A letter was mailed from Canada with the return address of 11 King Street W, Toronto, Ontario M5H 4C7. The letter claims to be from a frustrated bank employee who is willing to bend the rules to split $7.8 Million in inheritance. Interestingly the letter never ... Read More »

Question: Dear Steve, I asked student loan Navient to provide me with proof the student loan is mine. They sent a list of loans, but the signature page was not mine. It was someone else name, address, social security number. I mean all of there personal information. What should be my next step? Joseph Answer: Dear Joseph, You have two ... Read More »

Question: Dear Steve, Current Century Law Firm client. Signed up in 2016 and have made all my payments in full (with the exception of three partial payments agreed upon with company) to date. Four accounts have been settled and paid in full. Two accounts have been settled and payments are being made. One account left to settle. My completion date ... Read More »

Question: Dear Steve, Does anyone know why Vantage Acceptance is not accepting new clients? Maybe there is some law enforcement action that isn’t public yet? https://vantageacceptance.com/ Ella Answer: Dear Ella, As you stated, the Vantage Acceptance website does say, “We are not accepting new applications.” They continue to list their business address as 5950 Canoga Avenue, Suite 300, Woodland Hills, ... Read More »