Home > Author Archives: Steve Rhode (page 10)

Author Archives: Steve Rhode

Should I Cash Out Retirement to Pay Parent PLUS Loans Off?

bad decisions

Question: Dear Steve, Single 60 year old woman with parent loans of $60000- 8.5%- since getting divorced have been unable to pay – loans in deferment Does it make sense to take money out of my retirement funds ($80000) to pay off the loans at this point? I am unable to save for retirement now but I don’t see any ... Read More »

Experian Continues to Report Judgment Included in Bankruptcy

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Question: Dear Steve, I filed Bankruptcy Chapter 13 in 2011 and completed in 2014. Since that time, I have tried to clean up my credit reports. With most of the issues I have had success. There is however one Reporting agency (Experian) That did nothing with my dispute about a Judgment that was included in the Bankruptcy. Most recently they ... Read More »

Aissac Aiono and Seila Law Deny CFPB Claim They Should Be Held Responsible

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In the ongoing saga that is the Morgan Drexen mess, a new attorney was recently dragged into the quagmire. Aissac Aiono, operating as Seila Law was alleged to have taken over debt settlement clients and efforts for the chain that began with Morgan Drexen, passed through Howard Law, and now is purported to have landed on Seila Law. You can ... Read More »

I Lost My Job, My Husband Died, and I’m Drowning in Debt

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Question: Dear Steve, I am 60 years old, lost my job 1 1/2 yrs ago and subsequently started my own business. I was receiving 1/2 of my ex-husbands military pension, and paying down my debt and remodeling my home. Then the bottom fell out. My house was flooded by a faulty hot water heater and very extensive repairs needed to ... Read More »

What Do You Think About Wealth Network Solutions Debt Relief Business Opportunity?

flemish cow in the field

A reader sent me an email and wanted to know what I thought about the recent press release and debt relief business opportunity that a company named Wealth Network Solutions had sent out. The press release seems typical. The company, Wealth Network Solutions, says they have a new web site and help people to deal with their debt. The release ... Read More »

Consumers Alliance Processing Corporation is Offering Me Help

Mature woman confused

Question: Dear Steve, My name is Amie and I am almost 45 years old. I became permanently disabled in 2001, due to a chemical that was passed to me by my father during his service in the Vietnam war. I have a considerable amount of debt for someone who lives off of disability and though I am not late paying ... Read More »

Connecticut One Strike Ruling for Consumer Law Group – Barred

monster under bed

The Connecticut Department of Banking has released information on a recent action they took against Consumer Law Group. It’s mostly the same stuff Connecticut goes after but in this case the State took a new action they might use more often; they barred the company from the state. The State said: “WHEREAS, Consumer Law Group, through its execution of this ... Read More »

Will I Be Chased in Mexico for My Private Student Loan?

Money puzzle piece

Question: Dear Steve, I am a Canadian who was given a USA private student loan with EdInvest that was then transferred to FirstMark Services, who now has my loan. I owe approximately 21000 USD and I am unable to make the loan payments. I do not live in the USA. I have 2 children and need the money for basic ... Read More »

Should I Go With Student Loan Assistance Center for Help?

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Question: Dear Steve, Student Loan Assistance Center SLAC said that they would help me with my student loans. I currently have $307,500 worth of them right at 50 when I checked myself. I currently don’t have a source of income, and I still have two children in the home. They wanted me to come up with $799 for a loan ... Read More »

I’d Like to Know if My Student Loans are Now Eligible for Forgiveness

Patriotic senior woman waving flags and smiling

Question: Dear Steve, I am contemplating my options for some of the new govt student loan forgiveness programs (working a govt job or time based), and I trying to track down how much “official credit” I have accumulated towards student loan payments since loans were taken out in 1994. I have been paying on the loans off and on since ... Read More »

My Dad Stuck My Mom With All the Debt

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Question: Dear Steve, My Dad was very abusive towards Mom. He used to force her to go get car loans, on cars that he couldn’t afford, then they’d get repossessed. When they got repossessed he’d get another car in her name. The cars were all in her name. Now he’s been gone for 6 years and creditors are taking her ... Read More »

CFPB Wins Final Judgment Against Morgan Drexen for Illegal Debt-Relief Scheme

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At the request of the Consumer Financial Protection Bureau, a federal district court entered a final judgment this week against debt relief company Morgan Drexen, Inc., resolving a lawsuit filed by the CFPB in August 2013. The Bureau’s lawsuit against Morgan Drexen alleged that the company charged illegal upfront fees and deceived consumers. The court found that the company violated ... Read More »

SLS Managers – NSP Processing – Consumer Complaint – March 21, 2016

customer service feedback

Consumer Statement: My complaint is regarding Student Loan Services Managers (SLS) and National Secure Processing (NSP). The company claims to help students consolidate their loans and achieve lower monthly payments. They are part of the same company, SLS is the account management side; NSP manages the payments. I signed up with the company early January 2015. After graduating in June ... Read More »

I’m Now Thinking Debt Settlement Attorney Aissac Aiono Must be Either a Liar or an Idiot

Closeup portrait of handsome young man looking shocked surprised in disbelief with hands on face looking at you camera isolated on background. Positive human emotions facial expressions

Frankly I’m just ashamed and disgusted by revelations in recent court documents filed by the Consumer Financial Protection Bureau (CFPB) in the case against Morgan Drexen which then sucked in attorneys continuing the illegal advance fee debt settlement enterprise. One of those participants actually threatened to sue me when I first wrote about the activity. See this article. More on ... Read More »

Kerthump is the Sound the Morgan Drexen Judgment Made

Hand holding magic wand with sparks attracting money from top hat. Success wealth trick lie deception fraud cheating magic fast money concept. EPS 10 vector illustration no transparency

Yesterday the court issued a final judgment against the once soaring and now defunct debt settlement company Morgan Drexen. I’ll let the court order do the talking. “IT IS ORDERED: 1. Restitution: Judgment for equitable monetary relief is entered in favor of the CFPB and against Morgan Drexen in the amount of $132,882,488 as restitution for the unlawful up-front fees ... Read More »

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