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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.

Consumer Relief Programs / Consumer Advocacy Assistance Nastygram

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The state of Connecticut has issued an order to make restitution and cease and desist order to California based Consumer Relief Programs / Consumer Advocacy Assistance programs. According to the State “the company is a California corporation with offices at 14252 Culver Drive, Suite 352, Irvine, California, and 24881 Alicia Parkway, Suite #E516, Laguna Hills, California. On or about October ... Read More »

Can I Consolidate My Parent PLUS Student Loans to Lower the Payment?

broken piggybank with dollar notes

“Dear Steve, I have 3 daughters and have borrowed heavily using PLUS loans to finance their education. I see a lot of things available to students who have borrowed. Is there anything available to parents to reduce interest, extend the term, or reduce the monthly payments on the PLUS loans they obtained for their children’s education? Mark” Don’t miss our ... Read More »

My Co-Signer Went Bankrupt and NCO Financial is Collecting on My Student Loan

time and money

“Dear Steve, My private student loan defaulted because my co-signer filed for Chapter 13. It was in good standing as of 20 days ago and now it’s in collections with NCO Financial Systems overnight. Lender bounces me off to Collections. If I talk to them they have an assigned agent to my case who states that this is still in ... Read More »

I’m a Disabled Nurse But My Loan Are Not Discharged Yet

Student Loan Corkboard Concept

“Dear Steve, I went to nursing school in 1990-1993 and acquired a federal student loan. After working as a nurse for ten years and paying on this loan, I became totally and permanently disabled with “NMIL” (No medical Improvement Likely). I have not worked since 2002, my entire income is from Social Security Disability and has been since that time. ... Read More »

I Went to the Same School as Edward Snowden and it was a Fraud

snowden

“Dear Steve, Tech School was a fraud. I attended Computer Career Institute at Johns Hopkins in 2003. After reading the Edward Snowden attended the same ‘school’ and it was found to be a fraud, my blood ran cold. You suggested in a post I just finished reading that the victim file for bankruptcy. I paid my loan in full. How ... Read More »

American Express to Pay Millions for Illegal Credit Card Practices

punched-in-face

On Christmas Eve the Consumer Financial Protection Bureau (CFPB) ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit card practices. These practices included unfair billing tactics and deceptive marketing with respect to credit card “add-on products” such as payment protection and credit monitoring. American Express will pay an additional $9.6 million in ... Read More »

CFPB Gives Borrowers With Troubled Mortgages a Guide

Real Estate Concept

The Consumer Financial Protection Bureau (CFPB) has issued a comprehensive guide to help troubled mortgage borrowers. The 104 page guide gives step-by-step directions on what you should expect from your mortgage company if you are struggling. You can read the guide here. The guide also clearly lays out the responsibilities of borrowers as well and is one of the more ... Read More »

Ferry & Nichols Said Barclay’s Bank Sued Me. – Amanda

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“Dear Steve, I just received a letter in the mail from Ferry & Nicholas, Inc., which reads almost identical to the letter from them posted on your website. They indicated Barclay’s Bank has filed a claim against me and the Sherrif will serve me soon. They also stated the creditor may attach my checking account. They provided me a case ... Read More »

Bill Would Make Employment Credit Checks Illegal

welcome

United States Senator Elizabeth Warren (D-Mass.) today introduced the Equal Employment for All Act with Senators Richard Blumenthal (D-Conn.), Sherrod Brown (D-Ohio), Patrick Leahy (D-Vt.), Edward J. Markey (D-Mass.), Jeanne Shaheen (D-N.H.), and Sheldon Whitehouse (D-R.I.). The legislation would prohibit employers from requiring potential employees to disclose their credit history as part of the job application process. It was previously ... Read More »

Auto Loans to Become Growing Problem in 2014

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TransUnion is out with their projections on the performance of auto loans for 2014. Their best guesstimate is the number of people 60 days or more behind is set to rise as more sub-prime borrowers are extended credit to buy increasingly expensive cars. “While we expect auto loan delinquencies to rise in 2014, they will remain well below levels observed ... Read More »

NC Files Suit Against CashCall and Western Sky Financial to Stop Payday Loans

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Yesterday the Consumer Financial Protection Bureau announced taking action against an online payday loan enterprise that attempted to use Indian Tribal lenders to skirt laws on these types of loans. You can read all about that here. The State of North Carolina, in an effort to try and protect its citizens, also filed suit against CashCall and Western Sky Financial. ... Read More »

Lloyd Ward Loses on Appeal. KS Judgment to be Enforced in TX.

begging

First a personal message to Lloyd Ward. Lloyd, I don’t stalk you, care about you, think about you, or follow you. The only reason I’m writing this story is because people keep sending stuff to me that relates to your past debt settlement activities. I don’t even publish all the stuff people send me. And we now resume our regular ... Read More »

CFPB Sues CashCall for Illegal Loan Servicing

punched-in-face

The Consumer Financial Protection Bureau action taken today against an online lender and Indian Tribe lender may just be the first big step to eradicating these loophole loans which charge consumers more than they should pay. In some cases the loans are voided and consumers do not need to repay anything. Today the Consumer Financial Protection Bureau (CFPB) took its ... Read More »

Advantage Credit Counseling Service Makes Perplexing Statement

puzzled looking little boy looking to the left

Advantage Credit Counseling Service has a “white paper” out that purports to reveal what a certified credit counseling agency can do for you. Credit counselors have good programs that are best suited to people who are behind on their bills but can afford at least the regular monthly payment plus continue to save both for retirement and emergencies. What struck ... Read More »

Get Your Blockbuster Statement Before They Close

blockbuster

If you had an open Blockbuster video account in the last few years you need to go to your local Blockbuster store right away before they close for good and ask for a printout of your account showing no money owed. In the last year or two Hollywood Video closed and tens of thousands of consumers who rented at those ... Read More »

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