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Author Archives: Steve Rhode

NC Senator Michael Lee of Wilmington Might Be a Debt Collection Idiot

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North Carolina is trying to pass legislation which will roll back protections for consumers who have bad debt purchased by debt buyers. Senator Michael Lee from Wilmington, North Carolina is the sponsor of S.B. 511, titled Proof Required for Debt/Fees, which efforts to rollback the requirement the bad debt buyer must have detailed information about where and when the debt ... Read More »

    Less Demand for Debt Relief Help in 2015


    The latest bankruptcy filing statistics are out from the United States Courts and add support for a continued softness in the demand for debt relief help. Bankruptcy filings fell 12 percent when compared to the same period last year and the downward trend continues. In March, 2015 Chapter 7 bankruptcies accounted for 64 percent of filings while Chapter 13 filings ... Read More »

      Did World Law Debt and Orion Processing Really File Bankruptcy?


      Under the heading of ironic debt relief outcomes, one of the major debt settlement players, World Law Debt and Orion Processing, recently filed a Chapter 11 bankruptcy proceeding. I guess their debt issues were beyond settling. This matter came to light when a reader asked me to look at a notice they received in the mail. According to court documents, ... Read More »

        My Islamic Faith Prevents Me From Paying Interest on My Student Loans


        Question: Dear Steve, I had two citi-student loans and at some point in time within the last 5 years they went to Navient (Sallie Mae) I recently called to ask if I could get a lower pay-off amount as the original loans were 32K and now they are up to about 64K because of deferment and interest. They said no ... Read More »

          Can We Settle a Debt With a Collector to Get College Transcript?


          Question: Dear Steve, My husband and I just met his adult daughter 2 years ago. He had signed away his parental rights when she was an infant 30 years ago. We have learned that she has student debt and want to pay it. The first debt is with the college she attended in Birmingham and is the one we’re focused ... Read More »

            Smart Money Management New Name for Merged Companies


            The Blade is reporting two Ohio based debt relief companies have merged. “Toledo-based Comexx Smart Money and Sylvania-based Debt Tech Financial Solutions are now one company that will be called Smart Money Management LLC. The new company has 12 employees. “Today, Smart Money Management is better able to address an individual or family’s total financial disposition as the addition of ... Read More »

              Who is Right About Budgeting Our Money, My Wife or Myself?

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              Question: Yo Steve, My wife and I fight, or shall I say disagree, all the time about spending and a budget. She has one opinion and I have another. She says we should not spend more than 25% of our income on housing but I say 33% is alright. Who is right? Jimmy Answer: Yo right back at you Jimmy. ... Read More »

                Why Have My Private Student Lenders Not Sued Me Yet?


                “Dear Steve, I went to a public school and obtained 2 degrees. A good portion of my student loan debt were in private loans. The economy crashed in 2008 and I couldn’t find work in 2009 so I went back for more education to hide from the economic realities (I had no way to pay on the loans). Sallie Mae ... Read More »

                  Hummingbird Credit Counseling Sues the United States of America


                  Hummingbird Credit Counseling and Education has filed suit against Attorney General Eric Holder, Department of Justice, and Executive Office of United States Trustee. This suit asks for a declaratory judgment and injunctive relief. This case caught my attention because it’s not often you see a credit counseling company suing the USA and it appears this is yet another debt relief ... Read More »

                    Where Can We Get a Lower Federal Student Loan Interest Rate?


                    “Dear Steve, My son is out of the country and I am paying off his loan. We are seniors. He has volunteered to pay himself. However, by the time currency exchanges have been calculated, it is cheaper for us the pay his loan. We have ‘’ loans at 6.8% which I think is very high. Is there anywhere we can ... Read More »

                      Today in Debt Relief History – Consumer Affairs Law Center


                      Frankly I get sick of writing about lawsuits in the debt relief industry between partners that have a falling out. But the reason I find the complaints often fascinating is they provide a look into the history of some organizations and entities. We get to learn how the whole thing developed. In this case we have the April 1, 2015 ... Read More »

                        Family Makes Their Mortgage Payments But Gets Foreclosed On Anyway


                        How ridiculous would it be if you made all your mortgage payments in full and on time for years and your mortgage lender foreclosed on you anyway? Surely that could never happen. Unfortunately, that’s exactly what happened to Henry and Elizabeth Manfrediz, a lovely married couple with four kids and a cute dog, who live in Florida. Henry and Elizabeth ... Read More »

                          How Can I Payoff Massive Parent PLUS Loans My Mom Can’t Afford?


                          Dear Steve, My situation is similar to those asking about student loans and repayment. My Mom had to take out parent plus loans under her name to help me with school. We both understand the responsibilities we have. However, she can barely afford to pay for her rent and food on the money she makes. Therefore, I’m the one making ... Read More »

                            United Credit Consultants Awarded Gold Stevie® Award In ‘Collaboration Solutions Category’ As A Credit Repair Services Company


                            Burnsville, Minnesota (PRWEB) March 31, 2015 – United Credit Consultants was honored during awards gala banquet in late February at the Bellagio Hotel in Las Vegas. More than 500 executives from the U.S.A. and several other nations attended. United Credit Consultants was presented with a Gold Stevie® award in the ‘Innovation In Sales’ category in the ninth annual Stevie® Awards ... Read More »

                              Consumer Services Corp / Client Services Debt Relief Mailer

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                              Recently I’ve had several different mailers sent in that seem to continue the past theme of looking like official notices, government mailers, or continuing to use official seals or logos. Here is one of them. Consumer Services Corp. / Client Services The one below from Credit Services uses an official looking seal and the mailing address appears to be a ... Read More »

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