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Home > Author Archives: Steve Rhode (page 20)

Author Archives: Steve Rhode

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 »

              Ballsy FTC Scam Shut Down by FTC

              ftc

              In the world of scams, schemes, trips, and traps, this recent one certainly had the direct attention of the FTC. An entity was spoofing the FTC toll-free telephone number in caller ID and contacting consumers to get information from consumers. The ruse was the consumer was due a refund from some scam and the caller said they needed the personal ... Read More »

                Why Won’t Sallie Mae Settle My Student Loan Debt?

                Ready to Collapse

                “Dear Steve, I currently have a bit over $67k in student loans through sallie mae at 6.5% interest rate consolidated. I have never missed a payment and pay an extra $120 a month to pay off my loans faster for a total of approximately $681 a month to Sallie Mae. I consolidated them back in 2007. I’ve asked Sallie Mae ... Read More »

                  I Filed Bankruptcy. What Should My Credit Report Look Like?

                  credit good

                  “Dear Steve, I filed chapter 7 bankruptcy in October 2009 and the disposition date was March 2010. I am currently reviewing my credit report, as a means of disputing any inaccuracies found on the report. Issue 1: On credit report A under public record it states that I have a $0 claim amount and a $0 liability amount. On report ... Read More »

                    What is the Best Way to Get Off a Sallie Mae Student Loan as Cosigner?

                    punched-in-face

                    “Dear Steve, I cosigned a student loan for a friend in 2000. Friend has not paid or not made regular payments. Loan is through Sallie Mae. Loan has gone to collections. Collections agency is contacting me at work, calling my parent’s home, my cell phone. Friend does not have money to pay or says does not have enough money to ... Read More »

                      HDRP Funding – National Hardship and Debt Relief Program

                      img_18551

                      An amazing reader Denise sent in a new debt relief mailer through my I Buy Junk Mail program. She received a mailer from HDRP Funding Department for something called the National Hardship and Debt Relief Program which they abbreviate as HDRP. It was sent from postal permit 507 in Santa Ana, California. The back of the check contains handwriting, presumed ... Read More »

                        My 5Star Bank Secured Card Was Sold to UMB Bank. They Want Money.

                        Boom! Comic Speech Bubble, Cartoon.

                        “Dear Steve, UMB Bank inherited this debt from 5Star Key Bank. Even though this was only one account, a credit card secured with my original $750 payment, UMB Bank now claims that I owe them $750 becuase they claim that there was a savings account and a credit card. They claim that the check that they sent to me in ... Read More »

                          My Apollo College Student Loan Was Sold to Sallie Mae

                          happy woman in wheelchair outdoors beach showing victory sign

                          “Dear Steve, I enrolled in Apollo College’s Vet Tech program in 2003. Through them I obtained a loan from First National Bank for the tuition of around $6,000.00. One of the first questions I asked the loan officer was whether or not my loan was of the type that would later be sold to another agency. I was assured that ... Read More »

                            Can a Credit Union Chase Me to Another State for an Old Debt?

                            Adult Ed - Questions

                            “Dear Steve, I have a debt from a local credit union in Texas. Last payment made December 2009. My credit reports shows it as collection/charged off. However they still show a balance. The Texas SOL is 4 years. I have not lived in Texas the whole time, I have lived in Florida and Texas since then. I have kept the ... Read More »

                              Can My Bank Account and Retirement Income Be Seized if I Can’t Pay a Debt?

                              Mature woman confused

                              “Dear Steve, I was sued by a law firm in the state I lived in for an unpaid debt. We went to court and there was an agreement for a monthly payment plan. Can the law firm freeze my bank account if I can’t pay the debt? I am on social security and have a civil service retirement. Frank” The ... Read More »

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