Home > Author Archives: Steve Rhode (page 34)

Author Archives: Steve Rhode

More Payday Loan Fraud Stomped On by FTC

ftc

The operators of a payday lending scheme that allegedly bilked millions of dollars from consumers by trapping them into loans they never authorized will be banned from the consumer lending business under settlements with the Federal Trade Commission. The settlements stem from charges the FTC filed last year alleging that Timothy A. Coppinger, Frampton T. Rowland III, and their companies ... Read More »

    Serial Debt Relief Scammers Back at it Again in Florida

    oops

    The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

      Universal Lending Corporation – Consumer Complaint – July 6, 2015

      customer service feedback

      Consumer Statement: July 2, 2015 TO: NOVAD, 2401 NW 23RD Street, Suite 1A1 Oklahoma City, OK 73107 From: [X] Regarding: FHA Case # 052-3741597; Policy#COA5652 Copy to: American Strategic Insurance Corp, 1 ASI Way, St Petersburg, Fl. 33702 To All Concerned: My name is [X]. I recently tried to borrow monies to build a new bathroom on to my existing ... Read More »

        Where Can I Get Money for International Medical School?

        2015MainResidencyMatch-Infographic-May-2015-FINAL

        Question: Dear Steve, This is my second time asking you a question. It has been a while now, but I want to say thanks!!!! I really admire your desire to give FREE advice Steve. We need more people like you in this world!!!You are a wonderfully great person. My question is I am in a medical school out of the ... Read More »

          Worthless Illegal Robocalls Pitching Credit Card Interest Rate Reductions – STOPPED

          ftc

          Another Action Targeting Robocalls from “Card Member Services” At the request of the Federal Trade Commission and the Florida Attorney General, a federal district court has temporarily halted an Orlando-based operation that has been bombarding consumers since 2011 with massive robocall campaigns designed to trick them into paying up-front for worthless credit card interest rate reduction programs.  The court order ... Read More »

            Here is Exactly Why People Who File Bankruptcy Are Smart

            retirement_savings_plan

            I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, “congratulations.” You see, even studies by the Federal Reserve Bank of New York have come to the same conclusion I ... Read More »

              Can Search Engines Stop Student Loan Scammers?

              warning

              If you’ve checked your spam folder recently, you know that offers of student loan debt relief have exploded right along with the student loan debt problem. You probably know it’s a bad idea to answer spam in a quest to lower your loan payments, but you might be more inclined to answer an advertisement you see on a major search ... Read More »

                Lesbians Languish in Loads of Liabilities

                mother_s_day_deals1

                Question: Dear Steve, After ending my domestic partnership I was single and on my own financially for just under three years. I have since re-married, but incurred approximately $30,000 in credit card debt, while I was the only income for my family of four. I have $13.5K debt on a card with 12% APR. I have $16K debt on a ... Read More »

                  We Are Suffocating in Student Loan Debt. It’s Killing Us.

                  Frustrated

                  Question: Dear Steve, My husband and I have $260,000 in student loan debt, we’ve paid $35,000 toward this debt in the last 5 years and it’s gone up $30,000. My husband makes $36,000 a year (I am, currently, a SAHM who cannot find a job), we are obviously suffocating in our debt. I cannot find a lawyer who is willing ... Read More »

                    How Can We Get Collectors to Stop Calling My Father for Student Loan Payments?

                    20150611-mri-drugs-630x420

                    Question: Dear Steve, My dad is over 75 yrs old with diabetes and needs a break from the creditors that harass him about his granddaughter’s loan from a private christian college she attended. He volunteered but now we want him forgiven for cosigning. How can my daughter and I help him this time around. She pays each time however sometimes ... Read More »

                      CFPB Targets Student Loan Assistance Advertising

                      cfpb

                      Yesterday the Consumer Financial Protection Bureau (CFPB) sent letters to search engines and asked them to beware of those companies offering up student loan assistance advertising. The letter said: “I am writing to alert Google that student debt relief scammers may be targeting student loan borrowers through the company’s search products. There are over 40 million Americans who collectively owe ... Read More »

                        Kesher Law Group is Offered Up by Reader

                        tax_audit_questions1

                        In response to a previous article about the demise of Morgan Drexen a reader said I should take a look at Kesher Law Group. Kesher Law Group According to the State of California, Kesher Law Group, P.C. was formed on April 3, 2015 and is located at 675 Anton Boulevard, 2nd Floor, Costa Mesa, CA 92626 and the agent is ... Read More »

                          I Consolidated My Student Loans But They Left Some Sallie Mae Ones Out

                          Magnifying Glass - Q&A

                          Question: Dear Steve, Hi, a few months ago I consolidated my student loans through a FedLoan servicing company. They consolidated my loans from Sallie Mae, Navient, and Nelnet. I was told by one of their employees after I agreed to consolidate the loans to not contact them any further. A few months passed and my credit dropped significantly so I ... Read More »

                            Will I Be Stopped at the Border for My Old Student Loans?

                            travel_credit_card

                            Question: Dear Steve, I live in France. I have lived in France for over 20 years. Last year I did my first income tax return for the United States using the amnesty program. This year I had a tax refund of $1000.94 well I have a student loan debt I knew I would not get the thousand dollars and I ... Read More »

                              Door Slams Hard on Morgan Drexen Debt Settlement Company

                              M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

                              Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.