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Home > Author Archives: Steve Rhode (page 39)

Author Archives: Steve Rhode

My Home Depot Project Loan Account is Hurting My Credit Score


“Dear Steve, I buy and flip houses in Colorado and use the Home Depot Pro Loan on all my projects. They give a nice line of credit with a 7.99 percent interest and interest only payments for 6months. I usually pay it off before before that time period. I have done this 5 times and closed all 5 Loans. My ... Read More »

    Will Only Full Payments Count Towards Public Service Loan Forgiveness?


    “Dear Steve, I’ve been carrying a student debt since 1986, and it’s a heavy burden. I borrowed for my BA from 1986-1992 and then consolidated in 2000. I borrowed again for graduate school 2003-2005, have always been in good standing (by paying on the graduated repayment plan, being in deferment, or being in forbearance), but still carry a balance of ... Read More »

      World Law Group Clients, Check You Account Statements

      Bald Eagle

      I’ve heard some whispers World Law Group clients are going to be charged fees they’ve never been charged before from money that was returned to them from Global Client Solutions and then forwarded to World Law Group new attorney trust accounts. I have no idea what those fees might be but this post is just a reminder if you are ... Read More »

        A Debt Collector is Trying to Get Me to Pay An Old Private Student Loan

        law books

        “Dear Steve, I listed a private student loan, for a vocational school. I don’t know if it was discharged or not. How can I tell be looking at my bankruptcy discharge papers? The loan was once again sold to some collector after 6 years, and they are now trying to collect. The loan no longer shows up on my credit ... Read More »

          I Took Out Chase Private Student Loans and My Father Cosigned


          “Dear Steve, I was very irresponsible in this decision that I had made back in 2007 (after I had graduated high school), I somehow managed to convince my father to co-sign a loan for me for $8,500. My father barely speaks English and you could say that I even tricked him into signing those papers. It was terrible. Anyway, I ... Read More »

            CFPB Now Accepting Complaints on Debt Relief and Credit Repair Services


            Who knows, the Consumer Financial Protection Bureau (CFPB) might have started this a while ago but in doing a bit of research for another article I noticed they are now specifically accepting complaints from consumers regarding credit repair and debt reduction services. It seems their category of “Debt Settlement” would also apply to any intervention between a consumer and creditor ... Read More »

              Boriqua College Will Not Give Me My Transcript

              angry woman

              “Dear Steve, I was a student at Boriqua College and have over 100 credits. I am now a Teacher’s Assistant with the Department of Education. My problem is I am getting the lowest possible pay because this college will not give me my transcripts because of a tuition balance of 700.00. I could be making 7-8 thousand dollars more a ... Read More »

                Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

                Mark Bernet Receiver

                Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

                  Payday Loan Alleged Dipshits Helped Themselves to Bank Accounts


                  At the Federal Trade Commission’s request, a U.S. district court in Missouri has temporarily halted an online payday lending scheme that allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts. The court imposed a temporary ... Read More »

                    Still Dealing With Andris Pukke, DebtWorks, and AmeriDebt


                    Not much shocks me in the debt world but this announcement from the Federal Trade Commission, did. The FTC just announced, “FTC Sends More Than $1.79 Million in Refunds to Consumers Defrauded by AmeriDebt Scam.” The AmeriDebt case goes all the way back to November 19, 2003 and the FTC is still dealing with recovering money from harmed credit counseling ... Read More »

                      Important Information for Students of For-Profit Colleges


                      Today the Consumer Financial Protection Bureau (CFPB) brought suit against Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. As part of that action the CFPB is providing the following advice. Urgent Information for Current ... Read More »

                        Everest, Heald, WyoTech Schools Parent Sued for Predatory Lending Scheme

                        man terrifying woman

                        Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. The Bureau alleges that Corinthian lured tens of thousands of students to take out private ... Read More »

                          More Debt Relief Providers Running Up Against CT


                          For years I’ve said that if you are offering debt relief services in Connecticut, you should get licensed. The State has just announced the latest crop of companies that caught their attention. While I’ve always hoped these public disclosures would encourage debt relief companies to register, not all pay attention. It appears these folks didn’t get the message. On August ... Read More »

                            Anyone Know for Sure About World Law and Global Client Solutions?

                            Adult Ed - Questions

                            I received the following message from a reader and it brought up an interesting issue. “My understanding is as follows; Global Client Solutions recently entered into a settlement agreement with the CFPB. Among other things, under that agreement, GCS is barred from providing “substantial assistance” to any debt relief services provider. Thus, World Law Group and GCS terminated their relationship ... Read More »

                              Internet Mortgage Lead Generator Pays Steep Penalty to FTC


                              The Federal Trade Commission has taken harsh action against a lead generator for the mortgage industry. According to FTC, Defendant Falsely Claimed Mortgage Refinancing Was “Free,” Carried No Hidden Fees, and Would Save Consumers $2,000 a Year An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 civil penalty to settle Federal Trade Commission charges ... Read More »

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