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Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

Debt Settlement Industry Still Crazy After All These Years

no bullshit

On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

    ECMC Called Liar by Senator Durbin – Critical of For-Profit Colleges

    Sagging Economy

    U.S. Senator Dick Durbin (D-IL) today said that Congress can’t continue to look the other way when it comes to abuses by the for-profit colleges that – in some cases – take in more than 90% of their revenue from the federal government yet account for these startling lopsided statistics. He states the for-profit colleges are siphoning money out of ... Read More »

      Democrats Introduce Bill to Restore Bankruptcy Treatment for Student Loans

      bankruptcy-1

      Senator And Others Say It’s Time To Restore Fairness And Common Sense To Bankruptcy Treatment Of Student Loans U.S. Senator Dick Durbin (D-IL) led a group of 12 other Senators today in introducing a bill that will help address the student debt crisis by treating privately issued student loans in bankruptcy the same as other types of private unsecured debt. ... Read More »

        NJClass and Nelnet Will Ruin Our Marriage and Lives

        fear is a prison

        “Dear Steve, My fiancé has a ridiculous amount of student loan debt. He attended Felician College in Lodi, New Jersey, a private school and has $140,000 in student loan debt from two lenders: NJClass/HESSA and Nelnet. The payment from HESSA is $900/month and the one for Nelnet is $600/month. HESSA is impossible to deal with as it is a private ... Read More »

          Should We File Taxes as Married Joint or Married Separate?

          Strangest-Taxes-and-Deductions1

          “Dear Steve, I have graduate degree loans totaling close to $70K now w/interest that I have been paying since 2001. I have been paying a reduced rate ($20/mo) on them for some years now because I haven’t been able to work since our first child was born 10yrs ago. My husband also has sizable graduate loans of about $90K, but ... Read More »

            Should We Rent or Buy a House?

            transunion_creditvision

            “Dear Steve, My wife and I are new to the area and wondering if we should jump right in and buy a house or rent. I hate to rent because I think we are throwing our money away. What do you think? David” The Answer Dear David, I can certainly understand the idea of pride of ownership and the desire ... Read More »

              Why People With Good Credit Have More Dollars in Their Pocket

              How Much Your Credit Score Costs You

              Credit Karma, an online consumer finance platform with more than 35 million members, today launched a new consumer education website in honor of March’s Credit Education Month to better educate consumers about credit health. The new site, CreditEducationMonth.com, is designed as a first stop for consumers to educate themselves on the importance of actively managing credit, illustrating the impact of ... Read More »

                The Association of Credit Counseling Professionals Releases Student Loan Counseling Boot Camp Videos

                education

                Student loans; the majority of college bound students can’t do without them, yet many don’t understand their options when it comes time to begin repayment. The February 2015 Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York reports that student loan debt increased $77billion year over year, now standing at $1.16 trillion in outstanding ... Read More »

                  Student Aid Bill of Rights to Assist Federal Student Loan Debtors

                  happy woman in wheelchair outdoors beach showing victory sign

                  In a move that could help make it easier for federal student loan debtors to deal with their loans, President Obama has just announced a new Student Aid Bill of Rights. It appears the government might be making it easier for consumers to discharge federal student loans through bankruptcy. Take a look at Section 3(b) below. In section 2(c) the ... Read More »

                    Debt Settlement Industry – Sued in RICO Complaint

                    The stomach ache is the symptom, not the problem. What is causing the stomach ache?

                    It what I can only describe as a bombshell of an email, apparently debt relief industry individuals received the email below from Ira Frazer of Consumer Legal Services America, that has explosive implications. The email reads like a conference listing of both sides of the debt settlement industry. I reached out to Ira Frazer yesterday for more information but as ... Read More »

                      Reader Raises Concerns About Financial Rescue, LLC and Success Link Processing, LLC by Consumer

                      Feedback

                      I received an email from a reader, along with a filed complaint, who expressed some serious concerns about two companies selling debt settlement services; Financial Rescue, LLC and Success Link Processing, LLC. The reader sent in the following statement: “In August of last year, I enrolled in this company from Financial Rescue LLC in Milpitas, CA. They are a local ... Read More »

                        CC Brown Players Charged in Mortgage Modification Scheme

                        law books

                        WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Carlie Christensen, United States Attorney for the District of Utah, today announced that a 40-count federal indictment unsealed on March 5, 2015, in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was ... Read More »

                          California Man Sentenced to 24 Years in Fed Prison for Foreclosure Rescue Scam

                          mans hands behind bars in jail or prison

                          Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Benjamin B. Wagner, United States Attorney for the Eastern District of California, today announced that Alan David Tikal, 46, formerly of Brentwood, Calif., was sentenced on Thursday by United States District Judge Troy L. Nunley to 24 years in federal prison for his convictions on 11 counts ... Read More »

                            Debt Relief Master Class to be Held in San Diego

                            Adult Ed - Questions

                            MSTARS, the debt relief training company has announced a debt relief class for those in the debt relief industry. The class will be held in San Diego, California on April 6-7, 2015. Classes are designed for many different job roles in the debt relief company. These include owners, senior staff, sales managers, customer care staff, sales staff, and consultants. For ... Read More »

                              I Don’t Give a Damn About My Credit, Said Almost No Car Buyer

                              buying car

                              The credit report folks, Experian have released data which surprised even me. There are whole camps of people out there, typically Dave Ramsey fans, who say they don’t need credit and don’t plan to ever use credit again. But according to Experian, 84% of people who purchase new vehicles actually do use credit. Credit avoiders can talk a big game ... Read More »

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