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Home > Author Archives: Steve Rhode (page 3)

Author Archives: Steve Rhode

OMG, Morgan Drexen Loses Yet Again

quitting_a_job

Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

    Should We Take Money Out of Retirement to Pay Off Mortgage?

    Savings-Account

    Question: Dear Steve, I am 63 years old. Retired. 401 $300,000 + plus pension & SS. Wife 62 retired drawing SS small 401 $45,000. We are retired and need to have more disposable income. We only owe $17,000 on our house with an interest rate of 5 3/4. If I took out money from 401 to pay off house we ... Read More »

      The Type of People Giving Student Loan Advice – Closers

      lower_car_costs1

      I stumbled across this job listing the other day for some company called Student Loan Solutions. They say they can provide you will valuable advice and, “Our Student Loan Advisors will provide you with full explanations and answers to all your questions about your student loans and the programs that are available to you.” – Source So who are the ... Read More »

        Walter Ledda – The Most Innocent Man in the World

        most interesting man

        The Consumer Financial Protection Bureau (CFPB) and Morgan Drexen / Walter Ledda have been duking it out for years. That is until the won a default judgment in their suite against Morgan Drexen. You can see all the latest permutations on this legal battle by clicking here. Recent court documents filed are very interesting to those of us who my ... Read More »

          Mortgage Relief Scammers Charged With Defrauding Consumers

          Salesman

          Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Preet Bharara, United States Attorney for the Southern District of New York; Diego Rodriguez, ... Read More »

            CFPB Says Student Loan Servicers Lie About Bankruptcy Discharge

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            The Consumer Financial Protection Bureau (CFPB) has released a document critical of student loan servicers. Kind of an easy document to write because for the most part student loan servicers suck donkey balls with all their bad information and horrible advice to consumers. But here are the big items the CFPB says they really, really horrible at getting right. Misleading ... Read More »

              Flush – Meracord / NoteWorld

              Cleaning toilet

              A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at noteworld.com and that redirects to Evergreen Note Servicing (notecollection.com) (which appears to actually be Evergreen Escrow, Inc.)and Meracord.com goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

                Steven Vanderhoof Does Appear Connected to Student Loan Relief

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                Last week I received a tip from a reader who alleged the infamous Steven Craig Vanderhoof from the old Credit Exchange was now involved in selling student loan debt relief. You can see that article here. Well thanks to a wonderful reader and tipster (send in your tips here) I think the allegation has some involvement in GetStudentDebtRelief.com and the ... Read More »

                  Legal Helpers Lawyers Lose License for Only Two Years

                  Legal Helpers Debt Resolution | (877) 596-6865 (20111202)

                  Frankly I think Thomas Macey and Jeffrey Aleman got off easy on this punishment by the Illinois Supreme Court. It looks like the pair has a couple of weeks left to be practicing lawyers before they are suspended. The findings of the Illinois Supreme Court do not bode well for other attorney model debt settlement companies where non-attorneys do the ... Read More »

                    Alleged Disgruntled Former Steve Vanderhoof Coworker Sends in Tip

                    questions narrow

                    I recently received the following tip, “I worked for Steve Vanderhoof at a student loan company in Irvine, CA. His father Eugene is the “legal owner”. When Steve would get on a call (which was rare) he would identify himself as Steven Craig. This company ripped me off for thousands of dollars in commissions. getstudentdebtrelief.com” It’s a hard lead to ... Read More »

                      South Florida Police Officers Caught in Credit Repair Scheme

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                      video platformvideo managementvideo solutionsvideo player More information on this fraudulent police report scheme to eliminate accurate but bad credit reporting is available from 6 South Florida. Read More »

                        Family Financial Care – Consumer Complaint – May 15, 2015

                        customer service feedback

                        Consumer Statement: In 2012 my wife and I were approached by a representative for Family Financial Care and convinced that debt reduction was the best answer to our financial problems. We were reassured that the company was reputable and that we could reduce our debt by half. We signed a contract and were given a processing center that was reputable ... Read More »

                          Why Can’t I Put My Parent PLUS Loan in an Income Based Repayment Program?

                          checking-account-overdraft-fees

                          Question: Dear Steve, I have significant student loan debt and applied for IBR and was denied, due to there being a PLUS (parent) loan in my record. I did not participate in anyway in the creation of any PLUS loan. My suspicion is that it was created fraudulently using my identifying information from when I co-signed on a loan for ... Read More »

                            Is the Debt Management Plan Vanishing in the UK?

                            sabatoging_credit_score

                            by Andrew F. Smith The latest figures from the Government’s Insolvency Service suggest we’ve turned a corner, but perhaps it’s not the obvious one. Look at this first graph. Total personal insolvencies are down. OK, they are still roughly twice as high as they were ten years ago, but they have fallen a long way from their peak in 2010. ... Read More »

                              Morgan Drexen Kicked in the Nuts Some More by Court

                              kicked_in_the_nuts

                              Well if you are going to get bad news you might as well get it all at once. On the heals of a judgment against Morgan Drexen, an asset freeze, and filing bankruptcy, Morgan Drexen also lost an appeal to have the Consumer Financial Protection Bureau declared to be unconstitutional. I’m not sure what made me curious about what Morgan ... Read More »

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