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Home > Author Archives: Steve Rhode (page 18)

Author Archives: Steve Rhode

Deceptive Mailer Spoofs Department of Treasury for Debt Relief


An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. This one is rather alarming. I doubt the average person would see through what I think is a smoke screen to understand what just landed in their mailbox. From outside appearances the letter looks like some sort of legal documentation, maybe governmental with ... Read More »

    The Government Did a Bank Levy for My Mother-In-Laws Parent Plus Loan

    The actual granular data presents a surprising reality.

    Question: Dear Steve, Thirteen years ago my mother in law took out a Parent Plus loan via Wells Fargo for my wife to go to college around age 19. Last year she stopped making payments due to situations we are unaware of. A representative from WF called and left my wife a voicemail last week about debt collection and with ... Read More »

      The New American Dream Is A Better Reality

      change your mind

      A new study of what “the American dream” means in 2015 has concluded… Americans have moved away from a belief system dominated by financial achievements and have moved toward a desire for a healthy mental and physical life. For financial experts like myself, that might seem like dour news. It’s not. I’m ecstatic about the findings in this report, called ... Read More »

        Real Estate Law Center Really Still Around?


        I was surprised to see the Real Estate Law Center was still around. I thought they had closed. But on May 12, 2015 Erikson M. Davis signed a consent order with the Connecticut Department of Banking. Davis signed as CEO of Real Estate Law Center. – Source I thought the name Erickson Davis sounded familiar, click here. Another associated name ... Read More »

          Otto Berges Not Out of the Credit Repair Pot of Trouble


          In a case I can’t believe is still ongoing is the one filed against attorney Otto Berges in Florida. You can check the related articles below to see past times he has appeared on the site. According to the most recent court document the story is Berges took over or purchased the book of debt settlement business from Law Office ... Read More »

            CFPB and Florida Attorney General Obtain $27.7 Million Judgment Against Foreclosure Relief Scam Companies


            On May 29, 2015 the Consumer Financial Protection Bureau and the State of Florida were granted a final judgment against the Hoffman Law Group and corporate affiliates accused of using deceptive marketing practices and scamming distressed homeowners into paying illegal advance fees. Working together, five companies tricked consumers into paying millions of dollars in illegal upfront fees to join frivolous ... Read More »

              Is There Any Hope to Stop a Student Loan Wage Garnishment?


              Question: Dear Steve, I’m wanting to know who I can contact so I can come up with a plan to pay back my student loan, being that my tax return was garnished. Is there some type of plan I can try to go into so things don’t get worse for me and who can I contact. On credit report it ... Read More »

                I’m About to Lose Everything. Help!


                Question: Dear Steve, I have been trying to get a loan to pay off my credit card debt. I am unable to do so as my credit score is to low. I have been checking into debt management but I don’t know what I am doing and I am scared of all of them. I truly need help as I ... Read More »

                  OMG, Morgan Drexen Loses Yet Again


                  Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

                    Should We Take Money Out of Retirement to Pay Off Mortgage?


                    Question: Dear Steve, I am 63 years old. Retired. 401 $300,000 + plus pension & SS. Wife 62 retired drawing SS small 401 $45,000. We are retired and need to have more disposable income. We only owe $17,000 on our house with an interest rate of 5 3/4. If I took out money from 401 to pay off house we ... Read More »

                      The Type of People Giving Student Loan Advice – Closers


                      I stumbled across this job listing the other day for some company called Student Loan Solutions. They say they can provide you will valuable advice and, “Our Student Loan Advisors will provide you with full explanations and answers to all your questions about your student loans and the programs that are available to you.” – Source So who are the ... Read More »

                        Walter Ledda – The Most Innocent Man in the World

                        most interesting man

                        The Consumer Financial Protection Bureau (CFPB) and Morgan Drexen / Walter Ledda have been duking it out for years. That is until the won a default judgment in their suite against Morgan Drexen. You can see all the latest permutations on this legal battle by clicking here. Recent court documents filed are very interesting to those of us who my ... Read More »

                          Mortgage Relief Scammers Charged With Defrauding Consumers


                          Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Preet Bharara, United States Attorney for the Southern District of New York; Diego Rodriguez, ... Read More »

                            CFPB Says Student Loan Servicers Lie About Bankruptcy Discharge


                            The Consumer Financial Protection Bureau (CFPB) has released a document critical of student loan servicers. Kind of an easy document to write because for the most part student loan servicers suck donkey balls with all their bad information and horrible advice to consumers. But here are the big items the CFPB says they really, really horrible at getting right. Misleading ... Read More »

                              Flush – Meracord / NoteWorld

                              Cleaning toilet

                              A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at and that redirects to Evergreen Note Servicing ( (which appears to actually be Evergreen Escrow, Inc.)and goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

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