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Home > Author Archives: Steve Rhode (page 22)

Author Archives: Steve Rhode

U.S. Department of Education Practically Prison Raped Over Student Loan Collections

NCLC Report

To say the National Consumer Law Center (NCLC) just took issue with the relationship between the U.S. Department of Education and private debt collectors would be like saying a pedophile Santa at the Mall was no problem. While I believe the U.S. Department of Education wants student debtors to be treated fairly and have access to all of the available ... Read More »

    Four Magic Words to Get Out of a Debt Collector Lawsuit

    angry caller narrow

    What I’m about to offer you can be used for good as well as evil so please use this information responsibly. Additionally, I always urge all of my readers to consult with an attorney licensed in their state for legal advice. I am not a lawyer. But over the decades I’ve been helping people with problem debt there is one ... Read More »

      How Can I Get Sallie Mae to Settle My Student Loan Debt? – Julio

      Drowning swimmer

      “Dear Steve, I have been paying on a $65,000 private student loan for about 4 years I worked out a deal where I pay interest only around $400 a month. None of the money goes to the actual principle. The original loan was for $30,000. Recently Sallie Mae started asking for $700 a month and I can not afford that! ... Read More »

        Are Debt Collection Companies Hated Too Much?

        Alone and Lost

        There is no shortage of reasons to be upset at debt collectors. Some are just assholes. But the problem is not all are. Some debt collectors actually want to help people to find ways to repay their debt. They want to play by the rules and follow the regulations. The bad debt collectors just give the entire industry a bad ... Read More »

          How Can I Repay My Sallie Mae Student Loans When I’m Broke?

          time and money

          “Dear Steve, I have 8 private tuition answer loans from Sallie Mae in the total amount of $138,000 taken out between 2004-2008. After school I was able to make some payments and paid the $150 forbearance fee. Then after the crash of the economy I have not found employment that would give me enough income to cover my living expense, ... Read More »

            How Can I Get Rid of My Private Student Loans if I’m Disabled? – Wayne

            Thinking

            “Dear Steve, I have had Federal and private student loans. I have Total & Permanent Disability discharge of the Federal loans. My private signature loans are with Sallie Mae. I have not been able to work forever. I have defaulted on the loans. I have not paid on the loans since Sept. 2010. The loans have been turned over to ... Read More »

              Debt Settlement Nightmare Partially Over for Allegro Law Clients

              upset young man

              Back in 2009 one of the first debt settlement companies to colossally meltdown was a lawyer run company, Allegro Law. This case involved not only Keith Nelms, Esq. but dragged in groups like Americorp and people like Tim McCallan. A couple of days ago the Trustee in the Allegro Law bankruptcy case had finally cleared all the necessary hurdles and ... Read More »

                Berges Law Group and Consumer Protection Counsel Still in Suit With a Twist

                process

                I got my hands on a copy of a recent court document on a suit by a consumer against Otto Berges, Berges Law Group, Paralegal Staff Support, and Consumer Protection Counsel. The suit out of Wisconsin alleges the companies and entities may have been intertwined in a effort to sell credit repair services. The motion from Judge Griesbach says, “the ... Read More »

                  More Debt Settlement Companies Added to The Scott Law Group List

                  law books

                  The Scott Law Group, who went after a number of debt relief companies over the past few years, has added some new names to their list of current companies they are involved with. They’ve added Consumer Legal Services America, Debt Aid Processing, and National Credit Assistance. – Source The full list of companies can be found here. I can always ... Read More »

                    Debt Relief Companies Doing Telemarketing to Face Higher Fees

                    ftc

                    The Federal Trade Commission is getting ready to announce an increase in fees for companies performing telemarketing under the Telemarketing Sales Rules The cost to access the Do-Not-Call Registry to screen telephone numbers is going to increase to $60 per area code. The maximum fee that can be charged is increasing to $16,228. I can always use your help. If ... Read More »

                      New York AG Goes After More Mortgage Relief Firms

                      waving

                      As part of a joint federal-state sweep by the Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states targeting scam operations that prey on financially struggling homeowners and those facing foreclosure. Along with the FTC and CFPB, attorneys general from the following states participated in the sweep: Arizona, Delaware, Florida, Indiana, Illinois, Kansas, Louisiana, Maryland, Michigan, New Mexico, ... Read More »

                        Debt Relief Providers Still Crying From Low Delinquencies

                        cc delinquency

                        According to the credit reporting agency TransUnion, credit card delinquency has hit a seven year low. That’s good for consumer but not so good for credit counseling, debt settlement, or bankruptcy providers. The national credit card delinquency rate declined to its lowest level in at least seven years, dropping from 1.27% in Q2 2013 to 1.16% in Q2 2014. The ... Read More »

                          Mass Joinder Player Phillip Kramer Resurfaces in Different Scheme Alleges CT & FL

                          a_kick_in_the_nuts

                          In a bit of a shocker a couple of names who were hot and heavy in the front-end of the mass joinder schemes have resurfaced again according to the State of Connecticut and the Attorney General of Florida. On August 22, 2014 both parties filed an amended complaint against a whole chadre of individuals and companies. They included Berger Law ... Read More »

                            Student Debt Doctor Decides Use of Department of Education Logo is OK

                            oops

                            UPDATE 8-27-2014: Hat tip to Gary White from Student Debt Doctor for pulling the Department of Education logo from the site following the article below. Gary said, “I had no idea that was the Department of Educations logo and have taken it the logo down. I had a friend do the site for me, I asked that he put a ... Read More »

                              Hell Just Froze Over. Global Client Solutions Tagged by CFPB.

                              cfpb

                              The Consumer Financial Protection Bureau has just announced an action they took against the bulwark debt relief escrow company, Global Client Solutions, who was collecting fees from consumers. Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars ... Read More »

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