A reader sent in this marketing mailer through my I Buy Junk Mail program and said, “I found this to be confusing and unclear as to what is being offered, and fine print regarding fees. Not planning to explore this one.” In fairness to the superhero-sounding lender “The Meridian Team of Supreme Lending” it appears … Read more
Today Damon Day and I talk about three quick topics. The first is a reader comment from our last podcast on debt validation. Danny sure is irritated by the podcast. Next, we talk about the termination of financing agreements for student loan assistance services. Finally, we discuss how the FTC is sending refund checks to … Read more
Equitable Acceptance Corporation has a clever plan when student loan debt relief was being sold hot and heavy. They would take over the contracts owed for services and when the underlying debt relief company vanished or folded, the contracts were still due, even when the services delivered were haphazard at best. “Equitable Acceptance Corporation (EAC) … Read more
Just a quick update. It seems in the suit by the United States Trustee against Titan Legal Processing they did not respond and a request for a default entry has been filed. This was the original complaint in that case. Titan Legal Processing’s previous posts can be found here. I have no update on any … Read more
Today Damon Day and I get stupidly silly laughing and complaining about the ridiculousness of the Public Service Loan Forgiveness program that was intended to forgive student loans for firefighters, police officers, teachers, low-income lawyers, military service members, and more. The PSLF program has turned into a disgrace with more than 98% of people apply … Read more
Question: Dear Steve, I was scammed by Prime Solutions for over $10,000. I only found out when I received a letter to appear in court for not paying off the debt. Can I ever get back the money I lost? How? Susan Answer: Dear Susan, It appears that Prime Solutions has appeared on the site … Read more
In this podcast, Damon Day and I talk about why debt validation isn’t really the magic solution some companies try to sell to consumers. There is much more to know about debt validation before you just leap at the incredible sales pitch. If you think debt validation is the way you’d like to take care … Read more
A reader just submitted a scam report against a company named Capital Management Corp. The company charged the consumer $1,000 and said they could recover money he had won in a small claims lawsuit. It sure feels like a lot of red flags are waving on this one. A quick check of California records shows … Read more
On this podcast Damon Day and I focused on reduced mortgage payments for people behind on their federally backed mortgage loans after Covid forbearance ends, why it is so easy to make bad emotional decisions, and adios to FedLoan Servicing. Steve Rhode Get Out of Debt Guy GetOutOfDebt.org Transcript Steve Rhode: [00:00:00] So I just … Read more
A reader sent me a mailer they received from Bruins Capital for a Debt Consolidation Loan. The consumer said, “I fell for the one with Bruins Capital. They redirected me to another service, and then I filled an online form, and Strategic Consulting called with an offer to pay off all debt at a reduced … Read more
Question: Dear Steve, I DID HAVE A CASH ADVANCE FOR MY BUSINESS IN 2019, AND I WAS PAYING $350.00 DAILY, BUT I WAS STRUGGLING AND COULD NOT PAY ANYMORE, SO THEY HIRED AN ATTORNEY AND FROZE MY ACCOUNTS WE DID SOME ARRANGEMENTS, THEN THE PANDEMIC COME, AND I LOST COMMUNICATION WITH THEM. NOW A DIFFERENT … Read more
Question: Dear Steve, For my debt program, I need your advice. Am I Being Scammed by Coast Processing with Litigation Practice Group? I am l living in Chicago ILL are they have an attorney they can represent if they have? Can I have their names and phone numbers? Svetlana Answer: Dear Svetlana, You would have … Read more
Question: Dear Steve, As co-signer, my debt was discharged due to disability and hardship. Is the original borrower still responsible for his own debt? The loan was through Discover, for about $25,000, with me paying on that loan for 10 years. The original borrower, the student, ran off and hid with no contact. I’m just … Read more
A recent survey has revealed that the average annual cost of motorcycle insurance in the US is $702. But this figure varies depending on your location, age, and many other factors. The figure could be much higher. In California, for example, the average cost is $1,360 every year. Did you know that you can reduce … Read more
Question: Dear Steve, I was poached by Sallie Mae (predatory lending) through ITT before they got caught. I have 15k in private student loans through Navient now. I didn’t finish school because I found out the degree they offered was not worth the paper it was written on. I want to stop paying on this … Read more