Home > Author Archives: Steve Rhode (page 39)

Author Archives: Steve Rhode

CFPB Stops Bad Check Debt Collector From Frightening Consumers

cfpb

Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against a nationwide debt collection operation and its chief executive officer for using deceptive threats of criminal prosecution and jail time in order to intimidate consumers into paying debts for bounced checks. The company also misled consumers into believing that they must enroll in a costly financial education program ... Read More »

    Debt Relief Scammer Gets More Than 11 Years Behind Bars

    mans hands behind bars in jail or prison

    Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, today announced that Jonathan L. Herbert, age 36, of Lighthouse Point, Fla., was sentenced today to 140 months in federal prison for wire fraud in connection with a fraudulent mortgage relief scam. Herbert operated the ... Read More »

      How Can I Get the Debt Collector to Stop Bothering Me?

      Debtstar

      Question: Dear Steve, I’m getting really tired of being hassled for an old debt I don’t owe. I keep trying to explain to the debt collectors that I don’t owe the bill they keep trying to say I need to pay. What can I do? Mary Answer: Dear Mary, Being chased for a debt you don’t owe is not fun. ... Read More »

        Should I Eliminate My Debt With Debt Settlement or a Debt Negotiator?

        millennials_credit

        “Dear Steve, I am looking for help to get my debts in order. I owe approx. $30,000 (9) credit cards, (1) loan. The accounts are all closed and are shown as being charge offs. I don’t know if I should go the Debt Settlement route or Debt Negotiator route. I’m starting to get phone calls and letters from these creditors ... Read More »

          FBI Announces Arrests of Debt Relief Officers and Key Players

          White Collar Criminal

          SALT LAKE CITY—A 40-count federal indictment unsealed on March 6th in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Investigators believe ... Read More »

            Should I Take Out a Student Loan to Payoff My Wife’s Student Loans?

            student-loan-debt-680x430

            “Dear Steve, My wife and I both finished our undergraduate degrees, I did not have any debt, while she accumulated quite a bit of debt. I am currently in dental school, and while I still do not have to take out loans for school, I have access to loans that have a lower interest rate than some of her private ... Read More »

              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 »

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