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Home > Author Archives: Steve Rhode (page 2)

Author Archives: Steve Rhode

And Oh How They Fall: Advanced Fee Attorney Model Debt Settlement Companies

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Yesterday I posted an update about how World Law, World Law Debt, World Law Group, or whoever they were at the moment; is being liquidated. You can read the details here. The latest closure of the advanced fee debt settlement company by regulators, legal action, or the courts has to make some think the model is doomed to fail and ... Read More »

    World Law Debt Forced to Liquidate in Bankruptcy

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    A tipster (send in your tips here) told me that things turned dire at World Law Debt last week. Apparently their Chapter 11 bankruptcy reorganization was forced into a Chapter 7 liquidation after an application to the court by the Oregon Department of Justice because a number of problems the debt settlement company faced. For years World Law has been ... Read More »

      Morgan Drexen Bankruptcy Surprise Deposition

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      It’s not often that a deposition is made available regarding Morgan Drexen, the now defunct debt settlement company. Since I’m sitting down to read the entire 121 page document I thought if I came across anything I found interesting for no particular reason, I’d just share it with you. All the material below comes from this document. The deposition conducted ... Read More »

        Morgan Drexen Court Action Reads Like a Soap Opera

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        In just the past few days the Morgan Drexen case with the Consumer Financial Protection Bureau took some strange twists. The court documents lay out a series of alleged events which paints an unusual story. I’ll let the court documents write this story. From this point on, the information in this story will be from these recent court documents which ... Read More »

          Howard Law Demands Removal of Morgan Drexen Related Articles

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          Today I received the following demand from a law firm that says it represents Howard Law, another law firm. I’m not sure why Howard Law wouldn’t just contact me directly to clear up any confusion or answer questions instead of sending me a cease and desist letter. I contacted Howard Law by email previously but never heard anything back. In ... Read More »

            Easy Money Scammers Nailed by FTC

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            Eighteen elusive marketers who cheated American and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission. These orders, along with court orders against 14 other people and companies named in the FTC’s lawsuit, resolve charges that the defendants conned consumers into thinking they could ... Read More »

              The Art Institute of Austin Wants to Sue Me Over Student Loan Debt

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              Question: Dear Steve, Hi, I recently graduated from the art institute of Austin. I am constantly being harassed for a balance I owe the school that I do not agree with. I was made an offer to pay off half of my debt and they would pay the rest. I asked for this in writing and never received it. Now ... Read More »

                Can I Consolidate My Federal and Navient Student Loans?

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                Question: Dear Steve, I have two student loans one is from salliemae/navient and the other is a federal loan. Is it possible to consolidate both loans? Frank Answer: Dear Frank, If the Sallie Mae – Navient loan was a private student loan then your only option would be to go for a private student loan consolidation and incorporate the federal ... Read More »

                  Did I Make a Mistake by Agreeing to Pay an Old Payday Loan?

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                  Question: Dear Steve, Payday loan from four years go went unpaid and was sent to collections. When I talked to the debt collector I asked for a letter or something in writing and he said they couldn’t mail me anything because they tried doing that already, but the address they sent the info to was an old address. Not even ... Read More »

                    CFPB Takes Bite Out of Dental Financing

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                    The Consumer Financial Protection Bureau (CFPB) has ordered Springstone Financial, LLC to provide $700,000 in relief to victims of deceptive credit enrollment tactics. Many consumers who signed up for Springstone’s deferred-interest loan product at dental offices to pay for dental work were led to believe that the product was interest free. In fact, interest accrued from the date of the ... Read More »

                      My Brain Infection Left Me in Decades of Student Loan Debt

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                      Question: Dear Steve, I went to a community college about 22 years ago. In order to go I had to take out several loans in the last 6 months of my college life I became extremely ill. I contracted a brain infection that left me with no memory of what I even took in college. I am permanently disabled from ... Read More »

                        Otto Berges Still in a Slog in Court Over Debt Relief Case in Florida

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                        From time-to-time I do the grunt work of going back and checking up on old stories to see what might be new in court cases. This time it was checking up on Otto Berges, a Florida lawyer who was/is selling debt relief assistance. You can see past stories, here. A case filed in Florida against Otto Berges, Berges Law Group, ... Read More »

                          How Can I Get Rid of My Student Loans if I Become a Teacher?

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                          Question: Dear Steve, So let me start by thanking you for providing an avenue for people like me to ask you questions! I am really grateful for hopefully getting help with my debt problems. I am 24 years old and graduated from college over a year ago and now have over 100k in loans. The details of the loans are ... Read More »

                            UK Bank Accounts Target of Huge Sure of Fraud

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                            Apparently financial criminals in the UK have managed to double down on their focus of fraudulently accessing consumer bank acccounts. Experian is reporting consumer bank accounts saw the rate of fraudulent activity nearly double from Q1 2015 to Q2 2015. The key to these attacks is reported to be simple identity theft. Identity theft accounted for 69 percent of all ... Read More »

                              Debt Relief Advocates and Debt Arbitrators Named Again in Ohio

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                              I think debt relief companies often get the wrong impression about why I write articles about debt relief lawsuits. It’s not to call out the company named but to help other companies see what strategies are being used to challenge debt relief companies. In this suit the Plaintiff used an interesting approach and target the very method by which mailing ... Read More »

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