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Home > Author Archives: Steve Rhode (page 28)

Author Archives: Steve Rhode

My Ex-Husband Stopped Paying the Student Loans and I Cosigned

Divorce papers and cash with misc items

“Dear Steve, I cosigned for a private student loan for my exhusband while we were married in 2007. There is a court order stating that he was required to refinance the loans in his name only which he never did, so I have proceeded to sue him and he is in contempt of court. He has recently filed for bankruptcy ... Read More »

    FTC Files Action Against A to Z Marketing, Inc

    ftc

    The Federal Trade Commission filed a court action against A to Z Marketing, Inc. yesterday in Nevada. The documents for the case are not publicly available yet. According to the State of Nevada, the president of A to Z Marketing, Inc. is Madhulika Baid. However, the FTC did file a previous action against a similar company with the same name ... Read More »

      National Foundation for Credit Counseling Gets a Load of Cash for Housing Assistance

      2015-02-19-howmuchmoney-thumb

      WASHINGTON, D.C. – March 18, 2015 – (RealEstateRama) — The National Foundation for Credit Counseling (NFCC) is pleased to announce that it has received a grant award totaling $2.3 million from NeighborWorks® America to support foreclosure prevention efforts through its Member Agencies. The NFCC grant is part of $44.8 million in federally appropriated funds awarded through NeighborWorks® America’s National Foreclosure ... Read More »

        Ameritrust Law Group, Real Estate Law Center and More the Subject of CT Attention

        connecticut

        Apex Tax Resolution, Apex Home Solution – March 3, 2015 ORDER Having read the record, I HEREBY ORDER, pursuant to Sections 36a-671a(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes that: 1. Apex Tax Resolution LLC d/b/a Apex Home Solution LLC CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, as amended; 2. A CIVIL PENALTY of ... Read More »

          Debt Settlement Industry Still Crazy After All These Years

          no bullshit

          On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

            ECMC Called Liar by Senator Durbin – Critical of For-Profit Colleges

            Sagging Economy

            U.S. Senator Dick Durbin (D-IL) today said that Congress can’t continue to look the other way when it comes to abuses by the for-profit colleges that – in some cases – take in more than 90% of their revenue from the federal government yet account for these startling lopsided statistics. He states the for-profit colleges are siphoning money out of ... Read More »

              Democrats Introduce Bill to Restore Bankruptcy Treatment for Student Loans

              bankruptcy-1

              Senator And Others Say It’s Time To Restore Fairness And Common Sense To Bankruptcy Treatment Of Student Loans U.S. Senator Dick Durbin (D-IL) led a group of 12 other Senators today in introducing a bill that will help address the student debt crisis by treating privately issued student loans in bankruptcy the same as other types of private unsecured debt. ... Read More »

                NJClass and Nelnet Will Ruin Our Marriage and Lives

                fear is a prison

                “Dear Steve, My fiancé has a ridiculous amount of student loan debt. He attended Felician College in Lodi, New Jersey, a private school and has $140,000 in student loan debt from two lenders: NJClass/HESSA and Nelnet. The payment from HESSA is $900/month and the one for Nelnet is $600/month. HESSA is impossible to deal with as it is a private ... Read More »

                  Should We File Taxes as Married Joint or Married Separate?

                  Strangest-Taxes-and-Deductions1

                  “Dear Steve, I have graduate degree loans totaling close to $70K now w/interest that I have been paying since 2001. I have been paying a reduced rate ($20/mo) on them for some years now because I haven’t been able to work since our first child was born 10yrs ago. My husband also has sizable graduate loans of about $90K, but ... Read More »

                    Should We Rent or Buy a House?

                    transunion_creditvision

                    “Dear Steve, My wife and I are new to the area and wondering if we should jump right in and buy a house or rent. I hate to rent because I think we are throwing our money away. What do you think? David” Dear David, I can certainly understand the idea of pride of ownership and the desire to buy ... Read More »

                      Why People With Good Credit Have More Dollars in Their Pocket

                      How Much Your Credit Score Costs You

                      Credit Karma, an online consumer finance platform with more than 35 million members, today launched a new consumer education website in honor of March’s Credit Education Month to better educate consumers about credit health. The new site, CreditEducationMonth.com, is designed as a first stop for consumers to educate themselves on the importance of actively managing credit, illustrating the impact of ... Read More »

                        The Association of Credit Counseling Professionals Releases Student Loan Counseling Boot Camp Videos

                        education

                        Student loans; the majority of college bound students can’t do without them, yet many don’t understand their options when it comes time to begin repayment. The February 2015 Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York reports that student loan debt increased $77billion year over year, now standing at $1.16 trillion in outstanding ... Read More »

                          Student Aid Bill of Rights to Assist Federal Student Loan Debtors

                          happy woman in wheelchair outdoors beach showing victory sign

                          In a move that could help make it easier for federal student loan debtors to deal with their loans, President Obama has just announced a new Student Aid Bill of Rights. It appears the government might be making it easier for consumers to discharge federal student loans through bankruptcy. Take a look at Section 3(b) below. In section 2(c) the ... Read More »

                            Debt Settlement Industry – Sued in RICO Complaint

                            The stomach ache is the symptom, not the problem. What is causing the stomach ache?

                            It what I can only describe as a bombshell of an email, apparently debt relief industry individuals received the email below from Ira Frazer of Consumer Legal Services America, that has explosive implications. The email reads like a conference listing of both sides of the debt settlement industry. I reached out to Ira Frazer yesterday for more information but as ... Read More »

                              Reader Raises Concerns About Financial Rescue, LLC and Success Link Processing, LLC by Consumer

                              Feedback

                              I received an email from a reader, along with a filed complaint, who expressed some serious concerns about two companies selling debt settlement services; Financial Rescue, LLC and Success Link Processing, LLC. The reader sent in the following statement: “In August of last year, I enrolled in this company from Financial Rescue LLC in Milpitas, CA. They are a local ... Read More »

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