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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.

Yet Another Bullshit Debt Relief Mailer From Anonymous

2014-07-26 13.03.34

Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

    Four More in Custody for Mortgage Modification Scam

    mans hands behind bars in jail or prison

    It’s been a rough week for companies who are selling mass joinder and mortgage modification help. See here, here, and here for stories. But today brings a new round of alleged bad debt relief actors landing in trouble with the law. According to the Office of the Special Inspector General for the Troubled Asset Relief Program on Tuesday, federal agents ... Read More »

      CFPB Goes After Mortgage Relief Scammers

      cfpb

      Consumer advisory: Don’t fall for a foreclosure relief scam or bogus legal help The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to rip off distressed homeowners across the country. The Bureau is filing three lawsuits against companies and individuals that collected more ... Read More »

        Hoffman Law Group Mass Joinder Marketing Complaint Unsealed

        Young man looking shocked in tablet pc

        Last week the Consumer Financial Protection Agency and the State of Florida filed a complaint against a whole host of folks for selling consumers mass joinder lawsuits against their lenders. The named Plaintiffs included Benn Willcox, BM Marketing Group, File Intake Solutions, Legal Intake Solutions, Marc Hoffman, Michael Harper, Nationwide Management Solutions, The Hoffman Law Group, and The Residential Litigation ... Read More »

          World Law Group Still Slogging It Out With North Carolina

          Wake-Courthouse

          It was just brought to my attention that the issue between the debt settlement group World Law and The State of North Carolina is still going on. There was even a recent amended complaint filed by the State. In the latest round of public documents the State makes the following claims in its June 25, 2014 filing. The Amended Complaint ... Read More »

            Guys and Gals With Guns Raid Mortgage Assistance Law Firm

            photo1

            Yesterday The Hoffman Law Group in Florida was raided by armed law enforcement officers after the Consumer Financial Protection Bureau and The State of Florida obtained a temporary restraining order against Michael Harper, Benn Willcox, Marc Hoffman, The Hoffman Law Group, The Residential Litigation Group, Nationwide Management Solutions, Legal Intake Solutions, File Intake Solutions, and BM Marketing Group. From the ... Read More »

              It’s Official Now, Student Loan Assistance is the New Debt Settlement

              Certain death

              This week has been a big week for the student loan assistance niche. Not only were groups like the New York Times and Wall Street Journal publishing articles about this vertical but a tipster (send in your tips here) just pointed out the Scott Law Group in Washington State is on the hunt for harmed consumers. And let’s not forget ... Read More »

                Should We File a Class Action Suit Against Sallie Mae and the Art Institute?

                begging

                “Dear Steve, I’m a graphic designer that graduated in 05 with a bachelor of science in graphic design from none other then the Art Institute of Ft. Lauderdale. I just read an article about paying back Sallie Mae loans and felt it was really enlightening, but bankruptcy? It seems that there are hundreds of thousands of people with the same ... Read More »

                  Morgan Drexen Gets Slapped for Millions in West Virginia

                  closeup of a gavel on cash, from above

                  On July 15, 2014 a West Virginia court came down hard on the Morgan Drexen business model. You may recall that Morgan Drexen was a big player in the national debt settlement business but felt they could charge advanced fees for services since it was really lawyers delivering services and thus exempt from many laws or regulations. According to the ... Read More »

                    Frederick J Hannah & Associates Collection Company of CFPB Shit List

                    cfpb

                    Today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in a federal district court against a Georgia-based firm, Frederick J. Hanna & Associates, and its three principal partners for operating a debt collection lawsuit mill that uses illegal tactics to intimidate consumers into paying debts they may not owe. The Bureau alleges that the Hanna firm churns out hundreds ... Read More »

                      Student Loan Rescue Offers Draw Growing Concern and AG Suit

                      law books

                      Just recently more press has appeared about the growing market of student loan assistance companies. One article even said, “For the debt settlement industry, all this means a tantalizing gold mine of new customers. “Your entire student loan can be forgiven,” Broadsword Student Advantage of Carrollton, Texas, boasts in radio ads. Debt settlement companies, which offer to help borrowers lower ... Read More »

                        Phony Payday Loan Lenders Lose Rolls Royce and Ferrari

                        ftc

                        The operators of a Tampa, Florida-based payday loan broker scheme have agreed to settle Federal Trade Commission charges that they falsely promised to help consumers get loans, but instead used consumers’ personal financial data to take money from their bank accounts without their consent. Claiming to be affiliated with a network of 120 potential payday lenders, defendants Sean C. Mulrooney ... Read More »

                          Hoffman Law Group Labeled Scam by Former Lawyer

                          oops

                          The Hoffman Law Group, who promised all sorts of mortgage relief for troubled homeowners, is certainly in the hot seat. Both the Palm Beach Post and WKMG in Orlando have recent articles about allegations and activities. The Orlando story was interesting. The video below shows a local reporter trying to get a comment from attorney Marc Hoffman, who the Florida ... Read More »

                            Loan Modification Victims of Lucas Law Center Get Money Back

                            ftc

                            The Federal Trade Commission is mailing refund checks totaling $499,701.84 to 229 consumers who paid the Lucas Law Center an advance fee for mortgage loan modifications the company falsely claimed it would obtain for them. Lucas Law Center allegedly used an attorney to circumvent state prohibitions against receiving a fee before providing any services; the defendants charged up to $3,995 ... Read More »

                              What Can Sallie Mae Do to My Mom? – James

                              body outline

                              “Dear Steve, My mother has no clue what she is doing when it comes to finances and there is no question that my Mother’s student loans are going to default very soon (213 days and counting). She is 65 years old and a part-time hairdresser who works for a boss that requires her to pay for her own chemicals. We ... Read More »

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