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Home > Author Archives: Steve Rhode (page 14)

Author Archives: Steve Rhode

My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

Avoid Bankruptcy Monster

Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

    Bankruptcy Canada Inc. Says Ontario Debt Settlement Industry Undergoing Seismic Shift

    gI_59907_Ontario Bankruptcy

    New punitive provisions restricting the fees charged by debt settlement firms, effective July 1, 2015, will make it impossible for debt settlement firms to remain financially viable. (PRWEB) February 24, 2015 “Not a single debt settlement firm in Ontario will be in business eighteen months from now”, says Mark Silverthorn, former collection lawyer, collection industry insider, blogger, and author. The ... Read More »

      FTC Goes After Vehicle Loan Debt Relief Assistance Services

      ftc

      The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

        7 Student Loan Terms to Know to Save the Most Money

        confused

        While applying for and receiving student loans is easier than in years past, many students sign up for heavy debt burdens without familiarizing themselves with important loan terms. Without knowing basic terminology, students are unable to competitively shop for loans, and choose the one that works best for them. Here are a few key terms to know: Principal – The ... Read More »

          Weekly Syndicated Get Out of Debt Column February 6, 2015

          End of stress.

          Money, Credit and Debt Advice – Get Out of Debt Guy Question: My Student Loans Leave Me Hopeless Dear Steve, I can’t believe how much student loan debt I have. It feels like I can barely get by each month and there is no way for me to ever get out from under these loans. I have both federal and ... Read More »

            Potential Good News for Debt Relief Companies. Balances Increasing.

            Credit Card Delinquency Rates

            For debt relief companies who have been suffering from a lack of consumer demand, there is news out today that indicates demand might be increasing in the near-term. TransUnion says “total outstanding credit card balances increased 5% on a yearly basis. The increase indicates record growth, the highest yearly growth observed since 2008.” If this trend continues then in a ... Read More »

              5 Year Club Fed Stretch for Mortgage Relief Promoter

              mans hands behind bars in jail or prison

              WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

                Debt Settlement Attorney Expands to 90 Cities Nationwide

                debt settlement attorney

                McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law helps families find debt relief who have found their financial world turned upside down in a still challenging economy. (Newswire.net — February 20, 2015) Scottsdale, AZ –McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law ... Read More »

                  Should I Go With Student Loan Education Center To Help With My Loans?

                  Problem Solving Series

                  “Dear Steve, I have about $18,000 in student loan debt. I recently was contacted by the Student Loan Education Center that said they were a third party company that was setting up consolidations for the US Dept of Education to consolidate my loans for a fee of $599. They said I qualified for an income based plan and then got ... Read More »

                    My Student Loan Lender Sent Too Much Money to The School

                    No problem

                    “Dear Steve, I signed for 16,000 bank school loan, when a payment was late I received the bill stating the total was 21,000 two different loans, one for the 16,000 and another for 8,000. I told the bank 16,00 was mine. The story goes, the school told the loaner they only received 8,000 he called the bank and the said ... Read More »

                      Should I Stick With the Pay As You Earn Student Loan Program?

                      calculator

                      “Dear Steve, I have a question about my student loans. When I first graduated from graduate school, I was eligible for pay as you earn. This is because while I was in school, I had very little income, and I didn’t start working right away and so only had a partial year of income. I signed up for the pay ... Read More »

                        Why Income Based Student Loan Payments Can Be a Terrible Trap

                        danger

                        What Student Loan Assistance Companies Are Not Telling You With the surge in companies that are selling student loan assistance programs it seems their product is most commonly just filling out paperwork to enroll people in income driven repayment programs for federal student loans. It’s an easy sale, “We Can Lower Your Payment,” is a powerful message that resonates with ... Read More »

                          Settlement Corporation of America on CT Radar

                          money down the drain

                          The State of Connecticut Department of Banking has just announced a new enforcement action against The Purewal Law Group, Legal Network of America, and Settlement Corporation of America. According to the information provided, the parties named “shall immediately cease and desist from engaging or offering to engage in debt negotiation in Connecticut without a license, in violation of Section 36a-671(b) ... Read More »

                            FTC Goes After Debt Relief Companies Who Deal With Payday Loans

                            ftc

                            On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, Infinity Client Solutions, Infinity Collect, Jared Irby, and Richard Hughes for violations of the Telemarketing Sales Rule. The FTC alleges the Defendants solicited consumers with debt relief services, who owed payday loans. “Defendants have induced consumers to enroll in their program by claiming that they ... Read More »

                              Are My Student Loans Going to Destroy My Life?

                              upset young man

                              “Dear Steve, I was injured at work really bad. (Neck/Back/Shoulder) I missed 2 years of work. I lost everything I owned: House, my business. my boat,motorcycle, work trucks, and property. Everything was gone.It all went to pay bills and just to eat as I had a family of 4. At almost 40 years old i had to retrain, the injuries ... Read More »

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