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Home > Author Archives: Steve Rhode (page 24)

Author Archives: Steve Rhode

Michael Lupolover Gets His Comeupance. Now it Makes Sense.

Portrait scary monster clown

The Consumer Financial Protection Bureau recently ended a debt settlement case they pursued with a prison sentence for the lawyer owner of that company, click here. But what was a bit of a mystery in that case was how Michael Lupolover, an attorney, and Premier Consulting Group, who were originally named in the case and then were not part of ... Read More »

    Reader Expresses Concern Over Spire Law Group Going POOF!

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    I received the following tip from a reader, send your tips in here. Apparently Spire Law Group has finally fully imploded. The reader says, “Spire Law is closed down( Aug 2014) leaving all their clients holding the bag. The Abeel v Bank of America lawsuit was dismissed. As a way to keep their clients at bay, Spire Law came up ... Read More »

      Rescue One Financial Still Sending Unsecured Personal Loan Mailers

      rescue_one__front

      An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. I’ve covered Rescue One mailers before and it elicited an alleged former employee to speak out. See this link. My previous coverage even wound up with a rather dubious event, the appearance that Rescue One was potentially involved, directly or indirectly, in paying ... Read More »

        My Student Loan Lender Wants to Take My House

        Ask Questions - Button

        “Dear Steve, I have a very old defaulted student loan that is being paid via an attachment to my tax returns annually. I just received a letter that I may be forced to sell my house to fully pay this loan off. What can I do to protect my house? I have the sense that my loan was purchased by ... Read More »

          Why Am I Not Getting My PayPal Master Card E-Statements From Synchrony Bank?

          Woman in home office with computer and paperwork frowning

          “Dear Steve, I have signed up for e-statements. The email account to which they were being sent was changed in October since I was not receiving the statement monthly and the “customer service” representative suggested that of course the problem must be with the email service (G-Mail!). I changed the email to my work email, made certain to add their ... Read More »

            Why Doesn’t My Student Loan Lender Apply My Extra Payments?

            Adult Ed - Questions

            “Dear Steve, I have a question regarding paying extra on my student loans. I have three loans outstanding, with rates varying from 3.4% to 5.8%. I pay the minimum monthly, and am always in time. In fact, I try to be proactive and pay a little more on the loan with the higher interest rate. To my astonishment, I opened ... Read More »

              What I Learned as an Attorney From Discharging Student Loans in Bankruptcy

              Fight Back - Red Button

              I asked attorney Lindsay Smith for some feedback to share with you about her experiences in representing consumers against student loan companies. 1) What did you learn from defending a recent consumer against a student loan company? I learned: a) Not to assume that all student loans are “next to impossible” to discharge in bankruptcy absent showing a hardship discharge; ... Read More »

                Navient Won’t Help Me Repay My Debts. What Can I Do?

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                “Dear Steve, I have a private student loan from 2008 that I haven’t been able to make the payments on since June of this year. The amount is about 22k and it was from Sallie Mae, but is now Navient. I was under a payment plan but was not able to keep up this past few months and recently talked ... Read More »

                  Creditors Concourse Trust – Crazy Times

                  Senior couple at home focusing on angry man

                  A reader wanted me to look at the website of a company called Creditors Concourse Trust at cctrusts.net. After looking at the site, I can see why. The site claims to be able to negotiate better terms with creditors by creating a trust which provides collateral security for the creditors in hopes to “obtain lower interest rates and longer periods ... Read More »

                    Debt Settlement CEO Goes to Jail. Industry Goes to Denial.

                    mans hands behind bars in jail or prison

                    Recently attorney Michael Livitis, the CEO of Mission Settlement Agency, was sentenced to nine years in jail. His co-defendants, Denis Kuryland, Boris Schulman, and Manuel Cruz pled guilty as well. This case wasn’t an unusual outlier. From all outward appearances it was your run of the mill attorney model debt settlement agency that made promises, would not give refunds, and ... Read More »

                      How The Advocacy For Consumer Rights Helps Consumers

                      Magnifying Glass - Q&A

                      Recently, Leyton Ward and I, who used to be in a tussle with, had a chance to sit down together and meet. He was gracious to share what TAFCR does and why most people don’t understand it. After spending time with Leyton I will admit what he tries to do to help consumers with mortgage problems, sounds unique. Q. So ... Read More »

                        What I Learned from Leyton Ward at The Advocacy for Consumer Rights

                        Clapping Business People

                        Yesterday Leyton Ward and I finally did what we probably should have done two years ago, and sat down together over a great lunch and just talked. You see for what feels like the last two years Leyton and I had been in, well, basically a pissing contest. I do owe Leyton a big hat tip for flying to Raleigh ... Read More »

                          CFPB Pulls DriveTime Over and Slaps Them

                          cfpb

                          The Consumer Financial Protection Bureau (CFPB) today took its first action against a “buy-here, pay-here” car dealer. The dealer, DriveTime, harmed consumers by making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies. DriveTime must pay $8,000,000 as a civil money penalty, end its unfair debt collection tactics, fix its credit reporting practices, and arrange for ... Read More »

                            FTC Stops Free Credit Score Bullshit

                            ftc

                            The Federal Trade Commission has stopped an online scheme that allegedly lured consumers with “free” access to their credit scores and then billed them a recurring fee of $29.95 per month for a credit monitoring program they never ordered. The three companies have agreed to pay $22 million for consumer refunds under a settlement with the FTC and the state ... Read More »

                              How Can I Transfer My Parent PLUS Loans to My Son?

                              Signs, Road Stencils

                              “Dear Steve, I have several parent plus loans that I took out for my sons college. He also has some stafford loans. I am now concerned of the amount of loans I have under my name. I have three other children who will be attending college, and was hoping to buy a house in the next five years. He and ... Read More »

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