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Home > Author Archives: Steve Rhode (page 28)

Author Archives: Steve Rhode

Student Loans Continue to be Ticking Time Bomb

stressed man

If you could see me at the moment you’d find a man blue in the face. Literally blue! And I’m blue from talking about the dangers of student loans over the past years and having it fall of deaf ears. Recent data from the Federal Reserve Bank of New York and Equifax shows just how dangerous student loans are. In ... Read More »

    Reader Calls Bullshit on “Keep Your Home” Mailer

    questions

    A very smart reader sent in a mailer they recently received. After they did some snooping around it set off warning bells. I’ll share their story and you’ll see what I mean. “I received this in the mail. When I called the number I got a lady who ask for my eligibility code. I asked her why is the eligibility ... Read More »

      More Florida Mortgage Modification Scammers Go to Jail

      Sagging Economy

      Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy ... Read More »

        Is The Berger Law Group Just a Variation of The Resolution Law Group?

        Mature woman confused

        Recently I asked a question to see if anyone knew who was really behind the Resolution Law Group. Some are telling me the firm has changed their name and is now continuing to market similar services under the name The Berger Law Group and is allegedly operating out of Tampa. If anyone has any additional information or can confirm that, ... Read More »

          Why Did First Stone Credit Counseling Pay Commissions?

          family portrait

          A reader wanted to know why the public returns for First Stone Credit Counseling listed commissions as an expense since nonprofit credit counselors are not allowed to pay commissions under 501(q). – Source A visit to their site at firststone.com found a curious title to their site. It seems their primary focus is not credit counseling in the title but ... Read More »

            Rescue One Financial Still Sending Mailers for Loans

            Front of alleged mailer sent in by reader.

            A reader just sent in the following mailer they recently received from Rescue One Financial. I’ve been critical in the past of the apparent lack of a lenders license by Rescue One Financial even though they were seemed to be selling the offer of a loan. The allegation before was these mailers were funneling people into debt settlement programs instead ... Read More »

              Scammers Prove They Are Assholes

              scammer

              According to the Federal Trade Commission new scam emails are being sent out that try to trick people into clicking on links that will download malware to their computers. The latest scam takes the trick to a new low. Scammers are sending bogus emails with the subject line “funeral notification.” The message appears to be from a legitimate funeral home, ... Read More »

                Private Student Loans Suck and I Can’t Dump My Cosigner

                raising hand

                “Dear Steve, I have a ton of student loan debt. I have around $70,000 in federal which is a ton, but manageable since I am on the income based payments and they have been great to work with. I have around $50,000 in private student loan debt that I can’t afford. My mom is a cosigner on them and it ... Read More »

                  Who is Really Behind Resolution Law Group?

                  Mature woman confused

                  Calls are coming in from consumer advocates asking me who is really behind Resolution Law Group out of Connecticut. I’ve written about them before, here. The company was selling mass joinder mortgage cancellation services to consumers. It seems the Resolution Law Group is being less than transparent about who is really in control and inquiring minds want to know. If ... Read More »

                    Affiliate Marketer Settles With FTC for All He Made

                    ftc

                    An affiliate marketer has agreed to settle Federal Trade Commission charges that he was responsible for sending millions of unwanted text messages to consumers that deceptively promised “free” gift cards and electronics. The marketer, Jason Q. Cruz of West Bend, Wisc., was a subject in a series of FTC complaints targeting the senders of deceptive spam text messages. In its ... Read More »

                      FBI Scam Email

                      scam

                      SCAM Alert! Beware of the following scam email making the rounds: “From: “Federal Bureau Investigation (FBI)” Date: December 31, 2013 at 8:53:45 PM EST To: BCC Subject: Re:Federal Bureau of Investigation (FBI) Reply-To: Federal Bureau of Investigation (FBI) Counter-terrorism Division and Cyber Crime Division J. Edgar. Hoover Building Washington DC Dear Beneficiary, Series of meetings have been held over the ... Read More »

                        Is Consumer Assistance Project Spoofing a Nonprofit Past?

                        The signature Marlene Funk says is faked.

                        I received the following email from a Marlene Funk regarding an article from September, 2013 titled Consumer Assistance Project Website Raises Real Concerns. Be Careful. Marlene Funk was the organizer of the original company the student loan assistance company Consumer Assistance Project grew from. Ms. Funk stated, “I created Non-Profit Guardian Services, which has nothing to do wih Consumer Assistance ... Read More »

                          Loan Scammers Turn Around and Get Nailed Again by FTC

                          ftc

                          At the request of the Federal Trade Commission, a U.S. district court judge in Florida has issued a contempt order against Bryon Wolf and Roy Eliasson, two key individuals who operated a deceptive marketing scheme since 2009. According to the order, the defendants violated a December 2008 permanent injunction and final order that barred them from making a range of ... Read More »

                            I’m a Social Worker Trying to Deal With Student Loans

                            time and money

                            “Dear Steve, I am currently only employed as a contracting social worker and make about 2,000 a month from which I pay about 700 in rent, 200 in miscellaneous bills, 400 in federal student loans and have an additional 33,000 dollars in private student loan debt which is now in collections. What is my best option to deal with with ... Read More »

                              Jacoby & Meyers Bankruptcy Goes Dark

                              waving

                              A tipster (send in your tips here) sent in a message about the Jacoby & Meyers Bankruptcy site had a strange message on it. For those that might not remember, Jacoby & Meyers Bankruptcy was created when Macey Bankruptcy Law merged with Jacoby & Meyers. As of right now the Jacoby & Meyers website is essentially gone. It does have ... Read More »

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