Home > Author Archives: Steve Rhode (page 12)

Author Archives: Steve Rhode

Debt Relief Scammer Headed to Jail After Pleading Guilty

Dead man walking - Sad prisoner with handcuffs in prison with orange clothes

An Orange County, California, man pleaded guilty today for his role in operating fraudulent debt relief firms that offered to settle credit card debts but instead took victims’ payments as undisclosed up-front fees, the Justice Department and U.S. Postal Inspection Service announced. Jeremy Nelson, 30, pleaded guilty to one count of an indictment alleging conspiracy to commit mail fraud and ... Read More »

    Anatomy of a Scam – How Easily You Can Get Suckered

    scammer

    Here is a great story that lays out how shady telemarketers can convince you to jump into any scam. In my world it is usually some B.S. debt relief effort. Today the most prevailing debt relief product some scammers are pushing is student loan assistance for federal loans. But it is a moving target. In the past the scam of ... Read More »

      I’m a Teacher and Afraid to Settle My Navient Private Student Loan

      single mom

      Question: Dear Steve, Public school teacher with public and private loans. My federal loans are now on the 10 year loan forgiveness plan after I consolidated all of my federal loans with the government and away from Sallie Mae. Unfortunately, none of the Sallie Mae payments counted toward the 120 consecutive payments, but I’m also on the income contingent plan. ... Read More »

        What Do You Know About Camden Legal Group?

        Searching-right

        Question: Dear Steve, I gave Camden Legal Group in Beverly Hills, California, a deposit for $4,000. and gave them instructions on how I wanted to handle my lawsuit against Nationstar mortgage!!! They called me after about a month to tell me that they could try to get my loan modified since it had recently been sold to another investor, to ... Read More »

          If I File Chapter 13 Bankruptcy Will My Son be Protected?

          Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

          Question: Dear Steve, I am the cosigner on my sons private student loans. I have been paying them because he is nowhere near able to pay the large amount. All was well until I had incurred very large credit card debt. I am thinking about filing a Chapter 13 bankruptcy. Will the automatic stay keep the lender from going to ... Read More »

            Do I Have a Good Case for Eliminating My Private Student Loan Debt?

            courthouse 2

            Question: Dear Steve, I am interested in pursuing bankruptcy for my private student loans. While this is usually a futile battle, documentation from the research I have done will make my claim valid. I have $41000 in debt to ACS, and I have $111000 in debt to Navient (Sallie Mae). Only about $30,000 of that money ($152,000) was actually used ... Read More »

              Can I Settle My Student Loan Debt With LendKey or Aspire Federal Credit Union?

              Moving up and the power of success with a growing tree in the shape of wings that has emerged out and has taken flight upward to opportunity as a business concept of the evolution of successful leadership and strategic planning.

              Question: Dear Steve, Private loans. Debt balance $39K. I have switched lenders many times. Finally got an interest rate lower than 8.9%, making some head way on my loan however I’m still being jerked around. Is it possible to request a settlement on a current loan? My lender is LendKey. They had me go through a credit union (Aspire) I’m ... Read More »

                Is Income Based Student Loan Forgiveness a Real Reality?

                The American flag hangs proudly with a blue sky background on Main Street in Hometown America.

                Question: Dear Steve, After 12 years of schooling to obtain a doctorate in veterinary medicine as well as a masters in public health, I managed to accumulate over $300,000 in students loans by the time I graduated in 2009. Following a 1-year internship where I needed to defer the loans, this increased even higher. Consequently, I have had to transition ... Read More »

                  How Will I Be Able to Repay the IRS?

                  irsverify

                  Question: Dear Steve, Hi Steve- I am a 57 year old single father and am in a lot of debt- and just did my taxes and owe the IRS $3500 which I do not have. I accumulated too much credit card debt and can barely afford to put food on the table after bills are paid. I had to pay ... Read More »

                    I Can’t Afford to Pay My Mom’s Parent PLUS Loan for My Education

                    Skidding

                    Question: Dear Steve, Hey there, so my stepmom took out a parent plus loan to the tune of $100k to pay for my tuition. Obviously, I’m the one stuck with that bill now. She makes about $18k per year so she can’t pay it nor can she help me pay it. The curveball here is my Dad. My Dad makes ... Read More »

                      Should I Just Defer My Navient Loans? – Katie

                      crystal ball

                      Question: Dear Steve, Hi Steve. So I just spent an hour calling at least 5-7 different numbers of Navient’s trying to find information about my newly defaulted private loans. Because they literally defaulted today, all I was told is to call back by Friday when they’re in the system. My question for you is if I have the option to ... Read More »

                        Orange County Mortgage Modification Telemarketers Arrested

                        Dead man walking - Sad prisoner with handcuffs in prison with orange clothes

                        Seven Orange County residents were arrested Tuesday morning and face federal fraud charges in connection with a boiler-room mortgage loan scheme that required homeowners to pay thousands in upfront fees. A federal grand jury in Connecticut returned an indictment on: • Aria Maleki, 33, Santa Ana; • Serj Geuttsoyan, aka Anthony Kirk, 33, Santa Ana; • Mehdi Moarefian, aka Michael ... Read More »

                          ClearPoint Credit Counseling: The Latest TCPA Victim

                          Cure the disease

                          Update According to Thomas Nitzsche with ClearPoint, the case below has been dismissed. In what is becoming a series of Telephone Consumer Protection Act (TCPA) cases against debt relief companies, ClearPoint Credit Counseling has become the latest target. On December 23, 2015, ClearPoint was sued in a class action case in California. The Plaintiff claimed ClearPoint secretly recorded conversations, placed ... Read More »

                            CFPB Discloses Why People Complain About Debt Settlement and Credit Repair

                            CFPB Consumer Complaints

                            The CFPB took a look at complaints it has received and shared why most consumers seem to complain about debt settlement and credit repair services. The Consumer Financial Protection Bureau said: “Excessive fees for debt settlement and credit repair services: Of all complaints marked as other financial service, 60 percent of them were about problems consumers had when dealing with ... Read More »

                              Before You Enrolled in College Did They Tell You Your Degree Sucks?

                              warning

                              In my ongoing thread over the concern colleges and universities have been enrolling students and not giving them the window sticker of what was really to be expected (see this, this, and this) comes this interesting information out today. While some students were induced to enroll in college and go deep into debt, there is growing concern that the messages ... Read More »

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