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Home > Author Archives: Steve Rhode (page 20)

Author Archives: Steve Rhode

A Debt Collector is Trying to Get Me to Pay An Old Private Student Loan

law books

“Dear Steve, I listed a private student loan, for a vocational school. I don’t know if it was discharged or not. How can I tell be looking at my bankruptcy discharge papers? The loan was once again sold to some collector after 6 years, and they are now trying to collect. The loan no longer shows up on my credit ... Read More »

    I Took Out Chase Private Student Loans and My Father Cosigned

    oops

    “Dear Steve, I was very irresponsible in this decision that I had made back in 2007 (after I had graduated high school), I somehow managed to convince my father to co-sign a loan for me for $8,500. My father barely speaks English and you could say that I even tricked him into signing those papers. It was terrible. Anyway, I ... Read More »

      CFPB Now Accepting Complaints on Debt Relief and Credit Repair Services

      cfpb

      Who knows, the Consumer Financial Protection Bureau (CFPB) might have started this a while ago but in doing a bit of research for another article I noticed they are now specifically accepting complaints from consumers regarding credit repair and debt reduction services. It seems their category of “Debt Settlement” would also apply to any intervention between a consumer and creditor ... Read More »

        Boriqua College Will Not Give Me My Transcript

        angry woman

        “Dear Steve, I was a student at Boriqua College and have over 100 credits. I am now a Teacher’s Assistant with the Department of Education. My problem is I am getting the lowest possible pay because this college will not give me my transcripts because of a tuition balance of 700.00. I could be making 7-8 thousand dollars more a ... Read More »

          Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

          Mark Bernet Receiver

          Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

            Payday Loan Alleged Dipshits Helped Themselves to Bank Accounts

            scam

            At the Federal Trade Commission’s request, a U.S. district court in Missouri has temporarily halted an online payday lending scheme that allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts. The court imposed a temporary ... Read More »

              Still Dealing With Andris Pukke, DebtWorks, and AmeriDebt

              ftc

              Not much shocks me in the debt world but this announcement from the Federal Trade Commission, did. The FTC just announced, “FTC Sends More Than $1.79 Million in Refunds to Consumers Defrauded by AmeriDebt Scam.” The AmeriDebt case goes all the way back to November 19, 2003 and the FTC is still dealing with recovering money from harmed credit counseling ... Read More »

                Important Information for Students of For-Profit Colleges

                news2

                Today the Consumer Financial Protection Bureau (CFPB) brought suit against Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. As part of that action the CFPB is providing the following advice. Urgent Information for Current ... Read More »

                  Everest, Heald, WyoTech Schools Parent Sued for Predatory Lending Scheme

                  man terrifying woman

                  Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. The Bureau alleges that Corinthian lured tens of thousands of students to take out private ... Read More »

                    More Debt Relief Providers Running Up Against CT

                    connecticut

                    For years I’ve said that if you are offering debt relief services in Connecticut, you should get licensed. The State has just announced the latest crop of companies that caught their attention. While I’ve always hoped these public disclosures would encourage debt relief companies to register, not all pay attention. It appears these folks didn’t get the message. On August ... Read More »

                      Anyone Know for Sure About World Law and Global Client Solutions?

                      Adult Ed - Questions

                      I received the following message from a reader and it brought up an interesting issue. “My understanding is as follows; Global Client Solutions recently entered into a settlement agreement with the CFPB. Among other things, under that agreement, GCS is barred from providing “substantial assistance” to any debt relief services provider. Thus, World Law Group and GCS terminated their relationship ... Read More »

                        Internet Mortgage Lead Generator Pays Steep Penalty to FTC

                        ftc

                        The Federal Trade Commission has taken harsh action against a lead generator for the mortgage industry. According to FTC, Defendant Falsely Claimed Mortgage Refinancing Was “Free,” Carried No Hidden Fees, and Would Save Consumers $2,000 a Year An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 civil penalty to settle Federal Trade Commission charges ... Read More »

                          Scam Fax Promises Gullible Employees Vacation Package

                          Junk Fax

                          I just got this fax from my alleged H.R. Department, who is me. But you just know someone, somewhere is going to fall for this crap. This is clearly landing on the fax machines around the country and it appears to just be a pitch for some travel voucher and not an actual trip. You know you’ve got to worry ... Read More »

                            Debt Cures Pitchman Behind Bars Serving 10 Year Sentence

                            Kevin Trudeau

                            Kevin Trudeau, the proverbial infomercial pitchman who has hawked and sold all sorts of miracle cure books is in the early days of serving his 10 year sentence by a federal judge. His current address is in a federal prison camp in Montgomery, Alabama. In the debt world Trudeau is best known for his 2008 book “Debt Cures “They” Don’t ... Read More »

                              Take Charge America Deserves Pat on the Back

                              Clapping Business People

                              While this appears to be a press release sent out by Take Charge America it still deserves a pat on the back for the nonprofit credit counseling group taking action to defend against bad behavior by debt collectors. While it is not clear they took specific action against a specific debt collector, at least they are speaking up about consumer ... Read More »

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