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Home > Author Archives: Steve Rhode (page 20)

Author Archives: Steve Rhode

World Law Loses in Colorado


According to The Gazette, World Law, the debt settlement company, has been hit with an injunction in Colorado. Allegedly, World law ran into trouble in Colorado for false advertising and violations of the Colorado Debt Management Services Act. It seems World Law did not win friends in Colorado after the company ignored a district court order to stop activities in ... Read More »

    Morgan Drexen Loses Big in Wisconsin


    Multiple media outlets are reporting the debt settlement company Morgan Drexen has lost a Wisconsin appeals court ruling and is ordered to refund $4.2 million in settlement fees. A state appeals court says a hearing examiner properly ordered a debt settlement company to give up $4.2 million in fees and pay nearly $2 million in forfeitures because it was operating ... Read More »

      Corinthian College Students Refuse to Pay Their Debt

      Women fighting

      On Monday, former students of Corinthian Colleges Inc. declared a debt strike by refusing to pay their federal loans. These former students — who call themselves the Corinthian 15 — are the first to take such a bold stand against the current student debt crisis. At the same time, the Rolling Jubilee has just erased over $13 million ($13,384,642.14) of ... Read More »

        Life Financial Planning Sends Out Alarming Sales Pitch. Similar to Lord Heal Our Land.

        Life Financial Planning Pitch

        An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The offer sent out by a company identified as Life Financial planning, 575 Menlo Drive #1, Rocklin, California 95765 seems to be misleading on so many levels. I would urge anyone who receives a similar offer to conduct their own due diligence. While ... Read More »

          Can My Wife With the Boston Public School System Have Her Student Loans Forgiven?

          Check This Out_pri

          “Dear Steve, My wife works in the Boston public school system. has for 10+ years. she has ~$95K in student loans. I thought she should qualify for debt relief since she works in the school system. Unfortunately, they look at our joint income, which puts us out of contention. Their formula doesn’t account for all the expenses we incur with ... Read More »

            Will Wyndham Capital Cove Force Us Into Bankruptcy?

            middle age couple

            “Dear Steve, My wife and I purchased a time-share at Capital Cove thru Wyndham near Washington, D.C. During a follow-up session my wife and I were told we had to upgrade or we would not be able to keep our perks of being VIPs in the company. After several attempts to make reservations, 10 months out, and not being able ... Read More »

              What Broadway Says About Money Through Show Tunes – Audio


              Money, credit, and debt issues filter through our lives in so many ways. In this look at money through Broadway tunes, we get a closer look at what casual society has to say about being rich, poor, broke, happy, sad, and the morality of money. This program runs about an hour but it’s worth setting aside the time to listen ... Read More »

                My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

                Avoid Bankruptcy Monster

                Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

                  Bankruptcy Canada Inc. Says Ontario Debt Settlement Industry Undergoing Seismic Shift

                  gI_59907_Ontario Bankruptcy

                  New punitive provisions restricting the fees charged by debt settlement firms, effective July 1, 2015, will make it impossible for debt settlement firms to remain financially viable. (PRWEB) February 24, 2015 “Not a single debt settlement firm in Ontario will be in business eighteen months from now”, says Mark Silverthorn, former collection lawyer, collection industry insider, blogger, and author. The ... Read More »

                    FTC Goes After Vehicle Loan Debt Relief Assistance Services


                    The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

                      7 Student Loan Terms to Know to Save the Most Money


                      While applying for and receiving student loans is easier than in years past, many students sign up for heavy debt burdens without familiarizing themselves with important loan terms. Without knowing basic terminology, students are unable to competitively shop for loans, and choose the one that works best for them. Here are a few key terms to know: Principal – The ... Read More »

                        Weekly Syndicated Get Out of Debt Column February 6, 2015

                        End of stress.

                        Money, Credit and Debt Advice – Get Out of Debt Guy Question: My Student Loans Leave Me Hopeless Dear Steve, I can’t believe how much student loan debt I have. It feels like I can barely get by each month and there is no way for me to ever get out from under these loans. I have both federal and ... Read More »

                          Potential Good News for Debt Relief Companies. Balances Increasing.

                          Credit Card Delinquency Rates

                          For debt relief companies who have been suffering from a lack of consumer demand, there is news out today that indicates demand might be increasing in the near-term. TransUnion says “total outstanding credit card balances increased 5% on a yearly basis. The increase indicates record growth, the highest yearly growth observed since 2008.” If this trend continues then in a ... Read More »

                            5 Year Club Fed Stretch for Mortgage Relief Promoter

                            mans hands behind bars in jail or prison

                            WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

                              Debt Settlement Attorney Expands to 90 Cities Nationwide

                              debt settlement attorney

                              McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law helps families find debt relief who have found their financial world turned upside down in a still challenging economy. ( — February 20, 2015) Scottsdale, AZ –McCarthy Law, an Arizona based law firm, announced that it has expanded the firm geographically. McCarthy Law ... Read More »

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