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Home > Author Archives: Steve Rhode (page 18)

Author Archives: Steve Rhode

Money Management International Accused in Kick-Backs in Class Action Settlement

Young man looking shocked in tablet pc

Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

    CCR Article Brings New Life Financial Services Back to Life

    money down the drain

    I just love the Collections & Credit Risk magazine and website. Those folks over there hold no punches when it comes to the collections and debt relief industry problems. A recent article by Darren Waggoner reminded me of a string of past events surrounding a debt relief company New Life Financial that had been operating someplace out of the U.S. ... Read More »

      Is Synchrony Bank and PayPal Doing Something Fishy?

      Screen Shot 2014-09-25 at 4.08.27 PM

      “Dear Steve, I don’t believe I have been “scammed” in the traditional sense, but I find something fishy about Synchrony Bank (Formerly GE Capital, GE Capital Retail Bank) My story is as follows: I have 3 credit cards with GE CRB and receive notices of change to Synchrony, the usual stuff (my online accts now go to them etc.) That’s ... Read More »

        Michael Harper Appears to Toss Greenspoon Marder Under Bus to CFPB

        news-hot

        In this case against an alleged mortgage relief enterprise that just gets stranger and strange, Defendant Michael Harper has adopted a new approach, throw law firm Greenspoon Marder under the bus. The case filed by the Florida Attorney General and Consumer Financial Protection Bureau against Hoffman Law Group some involved recently resulted in a long and strange tale by the ... Read More »

          U.S. Bank Slapped With Massive Fines Over Unfair Billing Practices

          us

          The Office of the Comptroller of the Currency has just announced a $4 million civil money penalty against U.S. Bank National Association, Cincinnati, Ohio, and ordered restitution of $47.9 million to more than 420,000 consumer accounts. The OCC says the bank unfairly billed customers for identity theft protection products marketed by the bank and sold by its vendor. The restitution ... Read More »

            Howard Feinmel Sparks Attention of Florida Bar With Mortgage Elimination Arguments

            Drowning swimmer

            Florida attorney Howard Feinmel seems to hav in hot waeter according to the Palm Beach Post. Kimberly Miller is reporting the Florida Bar has taken action against Feinmel for his participation with the company the Florida Attorney General went after, Fidelity Land Trust. Fidelity Land Trust was closed by the Attorney General after “charging the company, its operators and affiliate ... Read More »

              Student Loan Aid – Consumer Complaint – September 24, 2014

              customer service feedback

              Update 12-7-2014 The site was contacted by a Shaw T. Scovel who said, “I need someone to call me. I want my named removed from your site. If you don’t I will take legal action.” The person responded with “Shaw Thomas” when I said I could not locate a Scovel on the site. As I told “Shaw Thomas” or Shaw ... Read More »

                My Ex-Friend Won’t Pay Me What They Owe And I Cosigned

                angry woman

                “Dear Steve, A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45000, he put in $10000 his boyfriend paid the closing. We stopped talking two years later, but he took care of it and paid the bills. Till last October. He stopped paying the regime ... Read More »

                  The Debt Collector Said I Will Be Arrested So I Paid a Debt I Didn’t Owe

                  afraid alone

                  “Dear Steve, “I was called about a debt that supposedly I owe I was in a consolidation payday debt agreement and I thought all of them had gotten paid got called about sending the police to arrest me at work. Did not want the embarrassment nor the file on my teaching record, therefore, I paid the debt $1200.00 in two ... Read More »

                    CFPB Recognizes Dangers of Student Loan Debt. Works to Forgive More Loans.

                    cfpb

                    After an announcement today there can be no confusion that the Consumer Financial Protection Bureau takes the dangers of looming consumer debt seriously. I am encouraged by the focused effort by the CFPB to help more students to have their student loans forgiven after ten years. Director Rich Cordray gave a presentation in which he said, “Student loan debt is ... Read More »

                      FTC Bitch Slaps Debt Collection Operation Over Phantom Debts

                      ftc

                      Lately I seem to be getting a bunch of reader questions about debt collectors going after old debts. See this and this. Well the Federal Trade Commission has just announced they have halted the abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. I don’t even need ... Read More »

                        Can I Take Advantage of a Debt Collector Settlement Offer Error?

                        hiding-1

                        “Dear Steve, A debt collector mailed me a bill for the total amount of $308.00. It stated in the letter that they are offering me a settlement of 75% on the past due amount. It then stated two times on the letter that the settlement amount will only be $2.31….yes $2.31. I called them to pay the $2.31 and the ... Read More »

                          Quick, Get Your Shocked Face Ready to Read About Bitcoin Scam

                          Shocked Face

                          At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.” The FTC’s complaint against the company and its corporate officers alleges that Butterfly Labs charged consumers thousands of dollars for its Bitcoin ... Read More »

                            My Wife Went Back to School for a Special Education Teaching Credential and We’ve Got Loads of Sallie Mae Debt Now

                            Woman in home office with computer and paperwork frowning

                            “Dear Steve, My wife has $38k in new student loans for a Special Education Teaching Credential, the loan is through Sallie Mae. We make $160k/year in California with 8 children, total family of 10. We file Married Jointly. Initial repayment is around $400/month. My wife is currently employed as a special education teacher, full time. Our income may seem like ... Read More »

                              Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

                              Screen Shot 2014-09-22 at 3.34.45 PM

                              A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

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