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Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

Is Canadian Cockburn & Associates Operating Out of New Jersey?


Under the heading of “that’s odd” comes this job posting for a Canadian Lawyer with Debt Settlement Experience. – Source The ad is looking for someone who is licensed in Canada to work for the Law Office of C&A in New Jersey. Now I don’t think it is a far stretch to think the Law Office of Cockburn & Associates ... Read More »

    Pure Solutions, Inc Raises Some Legitimate Questions

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    A reader forwarded me a client agreement by a company called Pure Solutions, Inc. The company says it is located at 76 Cranbrook Rd, Suite 249, Cockeysville, MD 21030. The consumer was being charged around $14,000 for the company to send out less than five debt validation letters. A few minutes of looking around and reading the client agreement left ... Read More »

      My Step-Son Killed His Father and His Mom Cosigned His Student Loans

      mans hands behind bars in jail or prison

      Question: Dear Steve, Step-son that is SSI disabled for 3+ years with Mental Illness, Maternal Mother, My wife, co-signed student loans for him. He is now in Jail for murdering his paternal father and will end up in jail or an institution for the rest of his life. My step-son’s never paid any of his loan payments only my wife. ... Read More »

        CFPB Takes Action Against Online Lender for Deceiving Borrowers


        Bureau Alleges Integrity Advance Misrepresented the Cost of Loans, Seeks Redress for Borrowers WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) took action today against an online lender, Integrity Advance, LLC, and its CEO, James R. Carnes, for deceiving consumers about the cost of short-term loans. The Bureau alleges that the company’s contracts did not disclose the costs consumers ... Read More »

          FTC Amends Telemarketing Rule to Ban Payment Methods Used by Scammers

          french bulldog dog listening or talking on the can telephone isolated on white background

          Following a public comment period, the Federal Trade Commission has approved final amendments to its Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four discrete types of payment methods favored by con artists and scammers. “Con artists like payments that are tough to trace and hard for people to reverse,” said Jessica ... Read More »

            The Morgan Drexen Legacy – More Pain for Lawyers and Consumers

            Sad Elderly Lady

            Morgan Drexen was a nationwide debt settlement enterprise that sold consumers hope they could eliminate their debt by settling it. And while debt can certainly be settled by knowledgeable people, the Consumer Financial Protection Bureau (CFPB) had significant concerns about the company and attorney network they created. The entire Morgan Drexen debacle is a story too long for this article. ... Read More »

              The Death of the Traditional Debt Relief Industry for Now

              Chapter 13 Bankruptcy Filing Rates

              Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services. Some blame the Consumer Financial protection Bureau (CFPB) for cracking down and some blame me for writing about the industry and scaring potential customers ... Read More »

                Paul Paquin and Golden Financial Services Want to Make Love Yet They Make War

                business and office, stress, problem, crisis concept - stressed buisnessman or teacher having headache

                Yesterday a debt relief industry friend pointed out to me an attack post Paul Paquin, president of Golden Financial Services posted about me on Linkedin. – Source The post then linked to another much longer attack post he published on November 1, 2015 on the website. I’m at a loss what motivates these folks to embark with the refreshed ... Read More »

                  My Navient Student Loans Are Out of Control

                  Where does it hurt nurse question

                  Question: Dear Steve, I currently owe Navient $163,000 on my Private Student Loans. After graduating in 2009 with few job prospects, I put these loans into forbearance for the first two years while I could. This raised my original debt total from $153,000 to the current figure of $163,000. I have paid interest only repayments for the past 4 years ... Read More »

                    Suit Against Debt Management Group Proves My Point


                    Two things just happened. First, I posted this article about a debt relief mailer. Second, a lawsuit just crossed my desk against Debt Management Group, The Davis Law Group, Brian Davis, Moore Legal Center, and Thomas Moore. The irony is the suit happens to contain a mailer that looks nearly identical to the one in the article and it’s for ... Read More »

                      Has the Consumer Protection Counsel Closed Up Shop?

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                      A reader let me know they think the Florida based group, Consumer Protection Counsel (CPC), has closed up shop. CPC has been in the news here and it is uncertain if they are really closed since their website now looks like it mostly is not working. As it stands right now, there is no contact information available on their website. ... Read More »

                        Has Howard Law Thrown in the Towel with Debt Settlement?


                        In an ongoing situation with the former debt settlement company, Morgan Drexen and the Consumer Financial Protection Bureau (CFPB) it looks as if the effort by successor law firms to service the former Morgan Drexen clients is heading towards a resolution. Howard Law, P.C., Williamson & Howard, LLP and The Williamson Firm, LLC had made claims or assertions they could ... Read More »

                          Reader Says Debt Relief Company PCG Swore At Her

                          PCG Debt Relief Mailer Letter

                          Question: Dear Steve, I received a letter stating that “:Their records indicated that my total bank card balance renegotiation has not been verified. Our underwriting department has pre-qualified me for this re-negotiation due to these specific qualifications……. They state I owe $22,500.00. This is false. I don’t owe anyone that much money on any of my credit cards. I feel ... Read More »

                            New Website Focuses on Andris Pukke of Ameridebt Fame


                            It seems some property owners of a development in Belize, named Sanctuary Belize, have taken concerns and matters into their own hands and launched a critical website for property owners there. The only reason those of us in the debt world should be interested is because whoever did the research and documentation of concerns, really focused on the history of ... Read More »

                              HLDS – High Level Debt Solutions Mailer – Review

                              High Level Debt Solutions Mailer

                              An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Here is a look at that mailer and my observations. The first thing that caught my eye is the mailer does not appear to identify the company as High Level Debt Solutions. But a search of the street address leads to a website ... Read More »

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