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Debt News Roundup: Lawsuit Surge, Student Loan “Tax Bomb,” and the Truth About “Legal Protection”
What really happens when you stop juggling bills and start taking control? In this episode, Steve Rhode and Damon Day go a little off-script (in the best way) and pull back the curtain on what’s happening right now in the debt world—and what you should watch out for before you sign anything.
We dig into:
Why debt collection lawsuits are climbing—and how collectors use the court system to flip the power dynamic fast
The real danger of ignoring a lawsuit (default judgments, wage garnishments, bank levies… the whole mess)
Student loan forgiveness confusion heading into 2026—and how taxes can…
The skinny
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