All posts by Steve Rhode
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Interest Rate Solutions Has GOT to be Kidding with IRS MailerFirst, let’s get this out of the way. The company claiming to behind this debt relief mailer says the following on their website. “nterestRateSolutions.com does not originate or make loans nor make any credit decisions in connection...
- Posted January 22, 2019
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An Amazing Alleged Utter Failure of Ditech Mortgage AccountingA lawsuit filed by a consumer on Juanry 14, 2019 is a painful read if all the facts alleged are proven to be true. It’s the kind of battle against a large financial company that you hate...
- Posted January 22, 2019
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Get Out of Debt Guy Podcast – Debt Collectors and Sugar Coating Student LoansAfter several years I finally brought the Get Out of Debt Guy podcast back to life. This time I talk to Damon Day about some Surgeon General warnings that should be stamped on the student loan application....
- Posted January 21, 2019
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How to Hide From the Debt CollectorWriting this article is a bit of a double-edged sword. You see while I think that open communication is always the best way to deal with a debt situation, sometimes people just need to find a way...
- Posted January 21, 2019
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Why is the Department of Education Sugar Coating Student Loans?I’d love to take credit for this observation but a reader sent me an email and said, “My granddaughter got this email. The Department of Education is marketing their product by saying “maximize the financial aid you...
- Posted January 21, 2019
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CFPB Caught Jared and Others Opening Accounts Without PermissionEver since my first day helping people with debt problems it seems there has always been a Sterling Jewelry account involved. The Consumer Financial Protection Bureau (CFPB) has taken action against Sterling Jewelry for credit issues. “The...
- Posted January 18, 2019
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Here is How the Holder Rule Works When You Have a Putrid LoanRecently I wrote Will the Holder Rule Help Me With My Student Loan Debt? and most people are unaware how the Holder Rule may apply if you purchased financed services from one entity and financed it with...
- Posted January 18, 2019
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Another Crappy Debt Reduction Department Mailer Making the RoundsA fantastic reader has sent in a mailer they received as part of my I Buy Junk Mail program. If you have a piece of junk mail that might be of interest, click here. This mailer says...
- Posted January 10, 2019
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Will the Holder Rule Help Me With My Student Loan Debt?Question: Dear Steve, The holder rule– does this stand only for when your debt is transferred to a 3rd party collection agency and/or does it affect individuals whose loans were sold to a third party where I...
- Posted January 8, 2019
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Police Pension Plan Sues Navient for Bad Acts But Consumers Still Left Out in ColdRecently I wrote about this case where Navient was sued by an investment company. It was eyeopening to see investor making alarming claims against Navient. The same sorts of claims made by the Consumer Financial Protection Bureau...
- Posted January 8, 2019
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More Than Half of Americans Can’t Cover a $1,000 Emergency with SavingsLendingTree released its survey on how Americans would pay for an emergency expense and how they’ve paid for them in the past. The survey found that more than half of Americans can’t cover a $1,000 emergency with...
- Posted January 7, 2019
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The Holder Rule – A Way to Eliminate Private Student Loans and Service Contract LoansIt has been frustrating watching debtors stuck with loans from private student loans to finance contracts for services that were sold in a deceptive or fraudulent manner. Consumers get left on the hook for unfair and deceptive...
- Posted January 7, 2019
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MN Asks Department of Education to Forgive Federal Student Loans Over Fraud FindingThe Department of Education has made it tougher for federal student loan debtors to obtain forgiveness of their federal student loans under the Borrower Defense to Repayment program. One of the changes made has been to make...
- Posted January 7, 2019
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Can I Trust Shane Walker From Fidelity Legal Group?Question: Dear Steve, I spent 20 minutes or more on the phone last night with a gentleman who called himself Shane Walker. After getting some VERY BASIC information. he said your legal firm would be the company...
- Posted January 4, 2019
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Car Repossession by American Credit Acceptance Agents Leads to This LawsuitBelow is an interesting case that crossed my desk. It appears, from reading the complaint, that the consumer was behind on their payments. While the lender could enforce their legal rights under the law and contract, it...
- Posted January 4, 2019
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