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Home > Author Archives: Steve Rhode (page 19)

Author Archives: Steve Rhode

Legal Helpers Lawyers Lose License for Only Two Years

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

Frankly I think Thomas Macey and Jeffrey Aleman got off easy on this punishment by the Illinois Supreme Court. It looks like the pair has a couple of weeks left to be practicing lawyers before they are suspended. The findings of the Illinois Supreme Court do not bode well for other attorney model debt settlement companies where non-attorneys do the ... Read More »

    Alleged Disgruntled Former Steve Vanderhoof Coworker Sends in Tip

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    I recently received the following tip, “I worked for Steve Vanderhoof at a student loan company in Irvine, CA. His father Eugene is the “legal owner”. When Steve would get on a call (which was rare) he would identify himself as Steven Craig. This company ripped me off for thousands of dollars in commissions.” It’s a hard lead to ... Read More »

      South Florida Police Officers Caught in Credit Repair Scheme

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      video platformvideo managementvideo solutionsvideo player More information on this fraudulent police report scheme to eliminate accurate but bad credit reporting is available from 6 South Florida. Read More »

        Family Financial Care – Consumer Complaint – May 15, 2015

        customer service feedback

        Consumer Statement: In 2012 my wife and I were approached by a representative for Family Financial Care and convinced that debt reduction was the best answer to our financial problems. We were reassured that the company was reputable and that we could reduce our debt by half. We signed a contract and were given a processing center that was reputable ... Read More »

          Why Can’t I Put My Parent PLUS Loan in an Income Based Repayment Program?


          Question: Dear Steve, I have significant student loan debt and applied for IBR and was denied, due to there being a PLUS (parent) loan in my record. I did not participate in anyway in the creation of any PLUS loan. My suspicion is that it was created fraudulently using my identifying information from when I co-signed on a loan for ... Read More »

            Is the Debt Management Plan Vanishing in the UK?


            by Andrew F. Smith The latest figures from the Government’s Insolvency Service suggest we’ve turned a corner, but perhaps it’s not the obvious one. Look at this first graph. Total personal insolvencies are down. OK, they are still roughly twice as high as they were ten years ago, but they have fallen a long way from their peak in 2010. ... Read More »

              Morgan Drexen Kicked in the Nuts Some More by Court


              Well if you are going to get bad news you might as well get it all at once. On the heals of a judgment against Morgan Drexen, an asset freeze, and filing bankruptcy, Morgan Drexen also lost an appeal to have the Consumer Financial Protection Bureau declared to be unconstitutional. I’m not sure what made me curious about what Morgan ... Read More »

                CFPB Lines Up Crosshairs on Walter Ledda


                The Consumer Financial Protection Bureau (CFPB) is not holding back after their recent victory with a default judgment and asset freeze against Morgan Drexen. Now they are going after Walter Ledda personally to recover money. After reporting the recent bankruptcy filing of Morgan Drexen the CFPB filed this long discourse why Walter Ledda should be made to pay for the ... Read More »

                  Student Loan Assistance Companies Bitch Slapped by Attorney General

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                  If anyone in the debt relief industry didn’t see this coming, they are stone-cold blind. Student loan assistance has become the next wave of profitable debt relief services to sell with horrible advice. In an atmosphere that is ripe for picking off consumers for these services, the companies know better and should have learned lessons from the problematic debt settlement ... Read More »

                    Debt Settlement Giant – Morgan Drexen – Ironically Files for Bankruptcy


                    Things have taken a substantial turn for the worse for California based debt settlement wannabe giant, Morgan Drexen. On April 21, 2015 the court awarded a default judgment in favor of the Consumer Financial Protection Bureau. More on that here. Then on April 30, 2015 the court found there was substantial danger and “good cause to believe that immediate and ... Read More »

                      Did This Court Action Just Kill Morgan Drexen?


                      Thanks to a comment from a reader I discovered on April 21, 2015 the court ruled against Morgan Drexen in it’s suit by the Consumer Financial Protection Bureau. Let is suffice to say Morgan Drexen is none too pleased. It’s opposition document filed is short and sweet. April 30, 2015 – Morgan Drexen files for bankruptcy protection. Click here for ... Read More »

                        Nonprofit Credit Counselors Charged With Laundering Drug Money Get Prison


                        In 2013 the U.S. Government brought charges against individuals associated with a credit counseling operation. At that time the U.S. District Attorney of Kansas said, “Two people have been charged with laundering cash from marijuana trafficking through a non-profit credit counseling agency in Kansas City, U.S. Attorney Barry Grissom said today. Mendy Read-Forbes, 37, Platte City, Mo., and Laura Shoop, ... Read More »

                          Your Advice to the Medicaid Mother and Her Daughter Was Terrible


                          Question: Dear Steve, Just read your article on HuffPost. I would never take advice from you or at least advice you gave this girl. As you said, BA cannot attach SS benefits/Medicaid. If mother has no other assets & gets no other income, she needs to write to BA & let them know she cannot repay this debt, for reasons ... Read More »

                            NC Senator Michael Lee Article Ruffled Some Debt Collection Feathers

                            Photo Credit: ElfDomx

                            Yesterday I published this article about proposed changes to pursing debtors in North Carolina over purchased debt. That would have been the story, done and dusted. But today I awoke to find InsideARM, an accounts receivable trade publication leveled some objections at my opinion piece. InsideARM said, “Rhode calls Lee’s bill, “idiotic,” and “ill-advised, ill-conceived and unwarranted.” Other than potentially ... Read More »

                              My Mother is on Medicaid and Bank of America is Owed Money

                              Sad Elderly Lady

                              Question: Dear Steve, Hi – I have a question – my mother is in a nursing home, Medicaid pays for the home – she must turn over her social security and small pension to them each month. She has no money – she has a credit card from Bank of America with $3500-$4000 on it – she is the only ... Read More »

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