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Author Archives: Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Another Example of Student Loans Discharged in Bankruptcy

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I’ve been writing more about bankruptcy cases that have resulted in student loan discharges, see here. And in doing some more research I came across another case from 2012. In the Northern District of Georgia a consumer was able to get the following loans discharged: Oakland Community College – $754.80 Texas Guarantee Student Loan – $48,135 U.S. Department of Education ... Read More »

Florida Man Discharges Federal Student Loans in Bankruptcy

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Attorney Marilyn Hochman recently scored a victory in discharging federal student loans in a bankruptcy case. The consumer was able to discharge $8,223.49 in federal student loans without opposition by the Department of Education. Foster, the consumer, was unemployed and had previously filed for Social Security disability but was denied due to “not enough information.” Marilyn Hochman filed an adversary ... Read More »

FTC Proposes New Rules to Protect Consumers From Being Scammed

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The Federal Trade Commission is proposing new rules to help protect consumers and is opening a public comment period in which anyone can offer feedback and the ability to comment on the proposed rules. The proposed changes in the Telemarketing Sales Rule, or TSR as many call it, is partially created because of some recent scams that have involved how ... Read More »

Debt Settlement Company Sends Mailer Warning Consumers of Scheme

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As if the 2013 version if the debt relief industry was not weird enough at times, this completely unexpected mailer was sent in and was allegedly sent by one debt settlement company who has appeared on the site to use this site as a weapon to prevent customers from leaving them and going elsewhere. I don’t want to name the ... Read More »

InCharge Getting Busy and Chasing Educators

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InCharge┬« Debt Solutions (“InCharge”), a nonprofit credit counseling agency, announced today that its Teach Money program reached the milestone of being completed by more than 1,000 future educators in Central Florida. The program is funded by Chase [Chasing, get it?] and is designed to address one of the fundamental steps outlined by the Consumer Financial Protection Bureau (CFPB) in its ... Read More »

Big Case Proving Ability to Discharge Student Loans in Bankruptcy

College Tuition Expenses

Times are changing when it comes to being able to discharge student loans in bankruptcy. And while the road has been paved by a few who have been successful, one 2013 case decided by the U.S. Appeals Court in the Ninth Circuit seems like it gives hope to those who want to discharge their student loans through bankruptcy. The Ninth ... Read More »

US Debt Relief Center Mailer Seems Over the Line

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I thought the day of the fake looking official mailer from Washington, DC were over. I was wrong. An entity called US Debt Relief Center is sending out mailers offering debt settlement services. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Front This mailer and several others I’ve posted recently are ... Read More »

World Law Debt, Meet Oregon

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World Law Debt might want to read the tea leaves facing them from recent actions by North Carolina and now Oregon. Read past article on World Law Debt On July 1, 2013 the Oregon Department of Justice and Department of Consumer and Business Services sued Swift Rock Financial, Wold Law Debt, World law Direct, World Law Group, World law Plan, ... Read More »

A Look at American Credit Shield and What They Are Offering

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A debt relief industry insider and tipster (send in your tips here) forwarded me a copy of an agreement they received from a consumer from a new company called American Credit Shield. The tipster (send in your tips here) said the consumer was being charged a fee of several thousand dollars to participate, a monthly fee and another fee that ... Read More »

August 2, 2013 is the Day for the New Debt Relief Industry

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I wrote extensively about the new coverage by the Consumer Financial Protection Bureau of rules that regulate the debt relief industry. See Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling. The new rules were published in the Federal Register on July 3, 2013 and will go into force on August 2, 2013. – Source Get Out ... Read More »

New Bank Guidance Can Be a Debt Collection Game Changer

The Office of the Comptroller of Currency has issued guidance to banks it supervises that will be used to supervise the bad debt and debt collection practices of banks. The new guidance is not a rule yet but it is the OCC document on what is “best practices.” The focus of the rule is bad debt that is sold and ... Read More »

Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling.

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The CFPB has released their final rule covering nonbank providers and the rule appears to sweep up all of the debt relief world. The rule will become effective 30 days after publication in the Federal Register. It is my understanding this will be published on July 3, 2013. The CFPB rule making document makes it clear companies who believe they ... Read More »

Morgan Drexen Announces Expansion of Services

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A tipster (send in your tips here) sent in a copy of an email sent out by FM News Weekly that announced the expansion of Morgan Drexen services. “Official Release: Morgan Drexen Integrated Systems is now fighting online rip-off and scam blogs that are ruining business reputation and potentially costing businesses millions of dollars in revenue. Join the Fight.” The ... Read More »

Debt Relief Legal Front Victimized Thousands Says FTC

This appears to be a variation of a mailer many have received.

The Federal Trade Commission just released the seal on actions it took to shut down a debt relief company that has appeared on this site before. – Source In an announcement made today, the FTC filed a complaint under seal against A to Z Marketing, Apex Members, Apex Solutions, Backend, Expert Processing Center, Smart Funding, William D. Goodrich Attorney, WDG ... Read More »

Legal Solutions Debt Sends Out D-42 Mailer Claiming Non-Profit Status and Mortgage Modification

WLD v LDS

A reader reached out to me and wanted to know more about a mailer they received that claimed to offer a mortgage modification. Additional details were even more surprising. An amazing reader Sassyfrass send in a new debt relief mailer through my I Buy Junk Mail program. The mailer is below. Outside As you can see the outside of the ... Read More »

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