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Home > Author Archives: Steve Rhode (page 24)

Author Archives: Steve Rhode

My Private Student Loan Debt is Not Being Eliminated Because of My Disability. – Wayne

Thinking

“Dear Steve, I am a 62 yr. old male. I am disabled since approximately 1977. Have been on Disability from work and on SSDI forever. I have tried schooling twice, but my disability has kept me from getting and keeping work. I am on limited, fixed income. Some work disability and SSDI. Last schooling I had Fed. and Sallie Mae ... Read More »

    So What Can I Do About My Private Student Loans So I Don’t Default? – Temple

    warning

    “Dear Steve, I have an excessive amount of private school loans. My parents did not necessarily help me during college and so my loan amount was requested at a little more than my tuition in order to sustain other college expenses. At this time I have exhausted my Graduated Repayment options and am no longer eligible for any type of ... Read More »

      National Employee Benefits Group – Consumer Complaint – June 23, 2014

      customer service feedback

      Consumer Statement: Responded to a fax to my work, I first thought it was from out uinion seiu or uhw. after contacting these people they first appeared they were interested in helping us out on debt consolidation, over 2 years, they handle one small credit debt about 1500 dollars, on the other hand we paid off 3 debt about the ... Read More »

        Legal Helpers Debt Resolution Settles Charges With WV

        black-hole

        According to the West Virginia Record Legal Helpers Debt Resolution has settled charges with the State of West Virginia and not only has to pay $135,000 but is also barred from engaging in debt relief services in the State. “This settlement sends a message to those who think they don’t have to follow the law that this kind of behavior ... Read More »

          Advanced Fee Credit Repair Still Bullshit

          Crime Or Corruption Cartoon Illustration

          Yesterday the Federal Trade Commission announced a very successful action against RMCN Credit Services for charging consumers for credit repair services. Over the years some readers have insisted in arguing with me that charging advance fees for removing negative but accurate information from a credit report is perfectly legit. Well that approach is bullshit, was bullshit and will continue to ... Read More »

            Why is the Department of Education Being so Opaque on Student Loans?

            puzzled looking little boy looking to the left

            Over the past few months I’ve attempted to gets statistics, facts, and figures from the Department of Education to better understand the performance of their income based repayment programs and get better clarity on their collection process for delinquent student loans. After multiple Freedom of Information Act requests the results are less than optimal. To my request for payment performance ... Read More »

              New Obama Student Loan Proposal – Swing and a Miss

              begging

              Yesterday President Obama made an announcement that a good federal student loan repayment program would be expanded to allow up to five million more people to take advantage of Pay As You Earn (PAYE). Certainly on face value it seems like a grand advancement and it is a small step in the right direction but in reality it’s more like ... Read More »

                FTC Goes After DebtPro123 for General Debt Relief Bullshit

                ftc

                Over the years DebtPro123 has come up from time-to-time, but not like this. Yesterday the Federal Trade Commission made a bold move in the debt relief space. It surprised me because I thought they’d moved on to other things. Just feels like since the TSR the debt space has been cooling off. But it probably doesn’t feel like that over ... Read More »

                  Perplexing Suit Filed Against Consumer Protection Counsel and Others

                  questions

                  A reader brought a recent lawsuit filed by Betty Bennett against Otto Berges, Berges Law Group, Consumer Protection Counsel, Debt Be Gone, Paralegal Staff Support, and United Legal Group. What had me scratching my head was the complaint says, “In or around September 2013, a person alleging to work for Defendant Consumer Protection Counsel contacted Ms. Bennett, offering to help ... Read More »

                    How to Get a Co-Signer Off a Private Student Loan

                    hiding-1

                    Private student loans are bad news all by themselves but when you add in a co-signer, things can get very financially messy. Co-signers think they are doing a nice thing for their relative or child when they co-sign. They think they are helping to further the persons education and give them a hand-up in life. But often what they are ... Read More »

                      Letters to Release Co-Signer From Private Student Loan

                      break free from prison pressure or quit job running away towards

                      Sample Letter on How a Borrower Can Release a Co-Signer You may use the sample letter on the next page to ask your loan servicing company for more information about how to release a co-signer. How to use this sample letter: Read the background below. Fill in your information on the sample letter and edit it as needed to fit ... Read More »

                        Who Is Consumer Relief Attorneys a Reader Asks

                        abandoned

                        I received an email from a reader asking me who Consumer Relief Attorneys was. The reader had attached a link to this file and made a statement an Alabama attorney by the name of James Oster was somehow related to Consumer Relief Attorneys. I don’t know if that is true. It is tough to tell from public records since there ... Read More »

                          Sovereign Associates and Sovereign Funding Sent Me This Offer. What Do You Think?

                          Sovereign Associates

                          A very nice reader sent in the following offer they received and said, “I will just be grateful if this is not legitimate and it helps me and/or others that are in a financial hardship and get something that seems to answer their prayers and may fall subject to an even worse situation. That in itself is awful! Thank you ... Read More »

                            Marc Hoffman of Hoffman Law Group to Face Bar Issues

                            punched-in-face

                            The Hoffman Law Group is/was a Florida based company that is said to have provided foreclosure rescue services and solicited consumers for mass joinder suits against lenders. This approach has been problematic and a number of authorities have warned consumers about this type of activity. The Palm Beach Post is reporting: “A North Palm Beach lawyer who advertises foreclosure-rescue services ... Read More »

                              FTC Bans MLM Executives and Says Claims Were Bogus

                              broken piggybank with dollar notes

                              The operators of a Kentucky-based pyramid scheme, which enrolled more than 350,000 consumers throughout the United States, Puerto Rico and Canada in the last four years, have been banned from multi-level marketing under a settlement with the Federal Trade Commission and the states of Illinois, Kentucky and North Carolina. The settlement also requires the operators to surrender assets totaling at ... Read More »

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