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Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

UK Kicks U.S. Ass When it Comes to Debt Relief Options

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Not all that long ago I actually moved to the UK to study the benefits of debt relief options there. There are familiar U.S. based creditors in the UK but they handle debt relief entirely differently. While the U.S. struggled with disreputable debt settlement providers, the UK required debt relief providers to actually hold a debt relief license and be ... Read More »

    Kickstarter Project Creator Nailed for Fraud

    best_free_personal_financial_planning_software

    In its first case involving crowdfunding, the Federal Trade Commission has taken legal action against the deceptive tactics of a project creator who raised money from consumers to produce a board game through a Kickstarter campaign, but instead used most of the funds on himself. The defendant has agreed to a settlement that prohibits him from deceptive representations related to ... Read More »

      Debt Relief Owners and Salespeople Headed to Jail for Fraud

      mans hands behind bars in jail or prison

      On June 9, 2015, a federal jury convicted three California residents who worked at a Rancho Cucamonga, Calif., business that offered bogus loan modification programs to thousands of financially distressed homeowners who lost more than $7 million when they paid for services, including loan modifications, that were never provided. The three Southland, Calif., residents were associated with a telemarketing operation ... Read More »

        You Sure Sound Like You Have Financial PTSD

        Sometimes the financial recovery from a natural disaster can seem impossible.

        Question: Dear Steve, I want to avoid filing bankruptcy! My current financial situation is so stressful that I am constantly dealing with severe anxiety, nausea and extreme highs and lows. There is no doubt it is hurting my ability in my sales career which then effects my compensation since I am a commission-only sales rep. I have multiple student loans. ... Read More »

          How to Ditch Your Corinthian College Student Loan Debt

          happy woman in wheelchair outdoors beach showing victory sign

          Yesterday, the U.S. Department of Education announced new steps to protect students from abusive for-profit colleges, as well as a new debt relief process for students at Corinthian Colleges – which operated schools under the names Everest, Heald, and Wyotech. Information for borrowers is available at the Federal Student Aid (FSA) website, at our new toll-free number for Corinthian students ... Read More »

            Retention Law Center Runs Into Issues

            Bitch Slap

            The Connecticut Department of Banking has just published a consent order with Michael Mazal, Esq and Retention Law Center. The consent order says, “Mazal is an individual, who at all time relevant hereto, was the sole-proprietor of Retention Law Center, a purported California company, with an office at 16808 Armstrong Avenue, Suite 180, Irvine, California.” It additionally says Retention Law ... Read More »

              Why Do I Keep Getting Calls From Student Loan Assistance Companies?

              burning_through_paycheck

              Question: Dear Steve, I recently started comparing my student loan debt to the Picture of Dorian Gray. I was young and naive and wanted what I thought all people valued, an education. So I sold my soul to get what I wanted, blind to the implications that selling your soul can do to your mind and physical body. The only ... Read More »

                Why Your Student Loan Debt Might be Bogus and Uncollectable

                best_free_personal_financial_planning_software

                Over the past decade we’ve seen a number of scandals floating around debt ownership and robosigning. That’s the process where creditors swear they are the real owners of a particular debt but can’t actually produce the proof when pushed to. And sense most consumers fold up into a ball and mostly never fight back when they are sued over old ... Read More »

                  Deceptive Mailer Spoofs Department of Treasury for Debt Relief

                  20150602_155731

                  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?

                        head-scratch

                        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

                          personal_loans

                          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

                            handing_over_money

                            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?

                              tax_audit_questions1

                              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 »

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