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Home > Author Archives: Steve Rhode

Author Archives: Steve Rhode

MSI Credit Solutions Opens New Office in Memphis

credit_report_errors

Frisco, TX (PRWEB) March 30, 2015 MSI Credit Solutions is proud to announce that they have recently opened a new office location in Memphis, TN. The new location will allow the company to expand their services to more consumers in the area. The new office will be located at 930 S. White Station in Memphis, TN within the Keller Williams ... Read More »

    Is the AAFES Military Star Credit Card Screwing Over Veterans?

    Where did my debt relief company go?

    Ashley Woods wrote to me and expressed grave concern about a situation she ran into with an AAFES Military Star credit card she owed. It’s one thing to have a balance due but it’s quite another when the collection company appears to just make up what you owe. Ashley she was contacted by Transworld Systems and appears to have gotten ... Read More »

      Should We File Bankruptcy Because of Business Debts?

      Writing Q&A, Questions and Answers on a blackboard.

      Money, Credit and Debt Advice – Get Out of Debt Guy Question: Is There Hope for Us in Bankruptcy? Dear Steve, We have roughly $80,000 in credit card debt. We have 4 children, 2 in college and 2 yet to go. We own a small business that we run out of our home in addition to my being a teacher. ... Read More »

        CFPB Stops Bad Check Debt Collector From Frightening Consumers

        cfpb

        Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against a nationwide debt collection operation and its chief executive officer for using deceptive threats of criminal prosecution and jail time in order to intimidate consumers into paying debts for bounced checks. The company also misled consumers into believing that they must enroll in a costly financial education program ... Read More »

          Debt Relief Scammer Gets More Than 11 Years Behind Bars

          mans hands behind bars in jail or prison

          Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, today announced that Jonathan L. Herbert, age 36, of Lighthouse Point, Fla., was sentenced today to 140 months in federal prison for wire fraud in connection with a fraudulent mortgage relief scam. Herbert operated the ... Read More »

            How Can I Get the Debt Collector to Stop Bothering Me?

            Debtstar

            Question: Dear Steve, I’m getting really tired of being hassled for an old debt I don’t owe. I keep trying to explain to the debt collectors that I don’t owe the bill they keep trying to say I need to pay. What can I do? Mary Answer: Dear Mary, Being chased for a debt you don’t owe is not fun. ... Read More »

              Should I Eliminate My Debt With Debt Settlement or a Debt Negotiator?

              millennials_credit

              “Dear Steve, I am looking for help to get my debts in order. I owe approx. $30,000 (9) credit cards, (1) loan. The accounts are all closed and are shown as being charge offs. I don’t know if I should go the Debt Settlement route or Debt Negotiator route. I’m starting to get phone calls and letters from these creditors ... Read More »

                FBI Announces Arrests of Debt Relief Officers and Key Players

                White Collar Criminal

                SALT LAKE CITY—A 40-count federal indictment unsealed on March 6th in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Investigators believe ... Read More »

                  Should I Take Out a Student Loan to Payoff My Wife’s Student Loans?

                  student-loan-debt-680x430

                  “Dear Steve, My wife and I both finished our undergraduate degrees, I did not have any debt, while she accumulated quite a bit of debt. I am currently in dental school, and while I still do not have to take out loans for school, I have access to loans that have a lower interest rate than some of her private ... Read More »

                    My Ex-Husband Stopped Paying the Student Loans and I Cosigned

                    Divorce papers and cash with misc items

                    “Dear Steve, I cosigned for a private student loan for my exhusband while we were married in 2007. There is a court order stating that he was required to refinance the loans in his name only which he never did, so I have proceeded to sue him and he is in contempt of court. He has recently filed for bankruptcy ... Read More »

                      FTC Files Action Against A to Z Marketing, Inc

                      ftc

                      The Federal Trade Commission filed a court action against A to Z Marketing, Inc. yesterday in Nevada. The documents for the case are not publicly available yet. According to the State of Nevada, the president of A to Z Marketing, Inc. is Madhulika Baid. However, the FTC did file a previous action against a similar company with the same name ... Read More »

                        National Foundation for Credit Counseling Gets a Load of Cash for Housing Assistance

                        2015-02-19-howmuchmoney-thumb

                        WASHINGTON, D.C. – March 18, 2015 – (RealEstateRama) — The National Foundation for Credit Counseling (NFCC) is pleased to announce that it has received a grant award totaling $2.3 million from NeighborWorks® America to support foreclosure prevention efforts through its Member Agencies. The NFCC grant is part of $44.8 million in federally appropriated funds awarded through NeighborWorks® America’s National Foreclosure ... Read More »

                          Ameritrust Law Group, Real Estate Law Center and More the Subject of CT Attention

                          connecticut

                          Apex Tax Resolution, Apex Home Solution – March 3, 2015 ORDER Having read the record, I HEREBY ORDER, pursuant to Sections 36a-671a(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes that: 1. Apex Tax Resolution LLC d/b/a Apex Home Solution LLC CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, as amended; 2. A CIVIL PENALTY of ... Read More »

                            Debt Settlement Industry Still Crazy After All These Years

                            no bullshit

                            On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

                              ECMC Called Liar by Senator Durbin – Critical of For-Profit Colleges

                              Sagging Economy

                              U.S. Senator Dick Durbin (D-IL) today said that Congress can’t continue to look the other way when it comes to abuses by the for-profit colleges that – in some cases – take in more than 90% of their revenue from the federal government yet account for these startling lopsided statistics. He states the for-profit colleges are siphoning money out of ... Read More »

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