All posts by Steve Rhode

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  Back at My Desk And Boy Are My Arms Tired

  I spent most of last week leaving my Get Out of Debt Guy hat on my desk and jumped into the airplane to fly relief flights for North Carolina residents who were devastated by the recent Tropical...

  • Posted September 24, 2018
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  I Just Received a Bill From Younomics About My Rich Uncle Bill

  Question: Dear Steve, I received a debt validation notice from Younomics – who used to be My Rich Uncle – about a 2007 private student loan. The original amount was $5k and now it is over $11k....

  • Posted September 24, 2018
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  We Are Stressing Over Our Payday Loans and Moving

  Question: Dear Steve, My wife and I moved to Las Vegas, NV. two years ago we fell into the payday loan and installment loans from plain green, rapid cash, and opp loans. We stopped making payments because...

  • Posted September 24, 2018
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  How Do We Get Rid of Our Debt So We Can Go to College?

  Question: Dear Steve, Credit card debt. Working overtime to pay%. Two years didn’t miss any payment. All money goes to live and pay cards. We want to study. Before applying to college, need help with this 70...

  • Posted September 24, 2018
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  Starting Today, New Law Allows Consumers to Place Free Credit Freezes And Yearlong Fraud Alerts

  Starting today, consumers who are concerned about identity theft or data breaches can freeze their credit and place one-year fraud alerts for free. Under the new Economic Growth, Regulatory Relief, and Consumer Protection Act, consumers in some...

  • Posted September 21, 2018
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  FTC Settlements Stop Debt Collection Scheme

  The operators of an illegal debt collection scheme have agreed to be permanently banned from the debt collection business in order to settle FTC charges that they falsely threatened to have people arrested if their debts were...

  • Posted September 21, 2018
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  Resolvly Retains Michael A. Goodman from Hudson Cook to Assist Consumers

  This press release from Resolvly just crossed my inbox. It caught my eye because it mentions bringing onboard Michael A. Goodman from Hudson Cook to provide some sort of assistance. Goodman, a partner with the law firm...

  • Posted September 21, 2018
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  Liberty Debt Solution is Apparently Not Happy With Thomas Lynch and Financial Solutions Service Center

  If anyone knows how to reach Thomas Lynch, I’d love for him to contact me and send in his side of the story on this case. You know it’s never good when debt relief industry members wind...

  • Posted September 21, 2018
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  DeVos Department of Education is Pulling the Rug Out From PSLF

  With the changes the Department of Education has been making under Secretary DeVos, it can come as no surprise that the promised loan forgiveness through the Public Service Loan Forgiveness (PSLF) program is MIA. I’ve had an...

  • Posted September 21, 2018
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  There is So Much You Don’t Know About Steve Rhode

  The GetOutOfDebt.org website is where one part of my life lives. I’m known as the Get Out of Debt Guy and I’ve helped people with financial problems since 1994. The majority of that time has been for...

  • Posted September 19, 2018
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  Is Glider Lending Offer Possibly Related to Debt Settlement Assistance?

  A reader sent me a mailer from Glider Lending through my I Buy Junk Mail program. On the surface, the mailer looks like just another offer for a personal loan to consolidate debt. In the last few...

  • Posted September 14, 2018
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  ITT Bankruptcy Shows Why the Department of Education Should be Worried About For-Profit Higher Education Screwing Consumers

  The Department of Education under Betsy DeVos and the Trump administration is seemingly doing everything it can to eliminate consumer protections from schools of higher education that cause consumers to take out loans to attend. Secretary DeVos...

  • Posted September 13, 2018
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  625 People Denied Mortgage Loan Modifications and 400 Foreclosed On Because – Wells Fargo

  In a recent government filing, Wells Fargo admitted to a very disconcerting set of facts. The SEC document says “An internal review of the Company’s use of a mortgage loan modification underwriting tool identified a calculation error...

  • Posted September 12, 2018
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  New Maryland Law Deserves the Attention of Debt Relief Companies

  The State of Maryland has enacted the Financial Consumer Protection Act of 2018. For debt relief companies the new law significantly increases the potholes and penalties if the company is found to be in violation of the...

  • Posted September 12, 2018
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  Decision One Debt Relief and Veritas Legal Plan Sued by Funding Metrics

  Funding Metrics has sent out a press release announcing they sued a host of people over a business debt settlement service. This is not the first suit I’ve seen by merchant cash advance groups against debt settlement...

  • Posted September 10, 2018
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