Home > Author Archives: Steve Rhode (page 12)

Author Archives: Steve Rhode

Why REPAYE Stinks as a New Student Loan Repayment Program

Oops! What Is It?

By Bob Preston The President and the United States Department of Education has just unwrapped a gift for every college student who ever took out loans to get an education – But beware! Sometimes the gift wrapping is much more attractive than the present. This one should be opened with extreme care, or as I will suggest, left under the ... Read More »

    Beware of These Business Credit Traps

    business and office, stress, problem, crisis concept - stressed buisnessman or teacher having headache

    An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett Sutton, one of a handful ... Read More »

      What I Learned From Selling Debt Relief Services. What I Got Wrong and Right On the Front Lines.

      rewards_points-_learnvest

      (Originally published October 11, 2010) I had this idea for an article to look back to my early days in the debt relief world, back when I was running Myvesta, a non-profit credit counseling group, and show you examples of what I did wrong and learned from the experience. The irony is people don’t realize when I review a site ... Read More »

        “Looks Like Fraud?” – Texas Assistance Group

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        A reader sent in a mailer they had received from Texas Assistance Group and said, “Looks like fraud?” I don’t know if it exactly looks like fraud, because in my opinion it looks more like bullshit. Here are some red flags for me. But each person should feel free to do their own examination and reach their own conclusion. The ... Read More »

          My Mom is Dealing With US Legal Services Group. – Jillian

          garage

          Question: Dear Steve, My mom needs help with this she has been paying U.S. Legal Services Group for more then 3 years now. Now they are switching to Global Client Solutions and sent her a check and told her the accounts haven’t been paid for 3 months. She has been paying them $500 a month all this time. What should ... Read More »

            Is There Anyway to Get Out From Under My Navient Student Loans? – Kim

            future

            Question: Dear Steve, I was young and dumb and didn’t have any financial help with college. I took out student loans to support my education. After 2 years, I was supposed to be able to get instate tuition, but my alcoholic mother kept claiming me as a dependent on her taxes (although she didn’t support me in ANY WAY). Needless ... Read More »

              Is There a Debt Solution Company You Would Recommend? – Donnie

              Frustration

              Question: Dear Steve, Due to medical issues and a large percentage (25%) loss of salary my wife and I are in serious debt. We owe approximately 52,000.00 in credit card debt. I am looking at some debt solution companies at possibly helping get this debt under control and paid off in a reasonable period of time. Is there a particular ... Read More »

                Frederick J. Hanna & Associates Stopped by CFPB for Collection BS

                stop_paying_for_credit1

                Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed consent order in federal court that would resolve a lawsuit against Frederick J. Hanna & Associates, a Georgia-based law firm, and its three principal partners, for operating an illegal debt collection lawsuit mill. The CFPB lawsuit had alleged that the defendants rely on deceptive court filings and faulty evidence to ... Read More »

                  Should We Consolidate Student Loan Debt Into Mortgage? – Rhonda

                  2015-03-10-1426017278-3359617-moneydollar-thumb

                  Question: Dear Steve, We are going to refinance our home, out of an adjustable rate, and wondering if we should bundle our kids’ student loan debt into the mortgage. The student loan interest rate is high and simple interest; the mortgage interest lower, of course. We are at about 50% equity. Should we continue to pay off the student loan ... Read More »

                    Another Consumer Wins in Bankruptcy Court and Discharges Student Loans

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                    An attorney reader sent me a case about another consumer who successfully had their federal student loans discharged in bankruptcy. This is a rapidly evolving topic and certainly not ever court district offer up the same considerations when it comes to a discharge. But there are still a number of people who say discharging your student loans in bankruptcy is ... Read More »

                      Estate Law Group – Consumer Complaint – December 28, 2015

                      customer service feedback

                      Consumer Statement: In 2012, we were scammed by Estate Law Group. They promised to reduce our mortgage payment. They charged us $4,000., but we realized it was a scam and only paid them $3,000. The bottom line is, we’re still out $3,000. Please tell everyone not to deal with this group. Consumer Action Taken: I asked several times when our ... Read More »

                        Jeffrey Aleman of Legal Helpers Does a Good Thing in Wisconsin

                        Legal Helpers Debt Resolution | (877) 596-6865 (20111202)

                        Attorneys who were involved in the debt settlement firm Legal Helpers Debt Resolution eventually faced all sorts of legal issues, lawsuits, and the loss of their law license. Now I don’t know if there was any bigger strategic plan for doing what I’m about to tell you but for once, an attorney in this mess looks like they stepped up ... Read More »

                          I’m Running Out of Options to Deal With My Student Loan Debt

                          Question Theme

                          Question: Dear Steve, When I was 18, I got pregnant with my first child. I had to quit the college that I was going to on a full scholarship because they had no programs for families and I couldn’t afford to make it on my own and still go to school. I moved back home, but still wanted to get ... Read More »

                            Our Financial Situation is So Bad I Don’t Know What to Do. – Kay

                            Businesswoman does the questions

                            Question: Dear Steve, DEBT- Husband went from 280,000 to 100,000 income and we have an adult daughter that has drained our savings and retirement with substance abuse. Behind on everything- Mortgage 11 months just worked out payment structure ok there- fed taxes 117,000 had installments until this year waiting on verdict. 180,000 in student debt and 80,000 in credit card ... Read More »

                              I Heard if I Make Token Payments I Can’t Be Sued. Is That True? – Oliver

                              The Chevy Spark I drove recently.

                              Question: Dear Steve, I started a collision repair business in 2011 and it started off well but it started dying out slowly but surly, the area kept getting worse and worse not to mention my rent was $2500 per month not including all of my other bills. So the scary part came when I had to make the decision to ... Read More »

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