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Author Archives: Steve Rhode

Debt Relief Company Officers to Face More Personal Liability From CFPB

stressed man

Indications out of the CFPB are that the agency plans to go after individuals in enforcement actions and not just companies. “In a speech last week to the Reuters Washington Summit, Director Cordray is reported to have indicated that the CFPB is committed to pursuing individuals, and not just companies, when exercising its enforcement authority.” The same report stated that ... Read More »

    Bankruptcy Filings Plummet in Three Years

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    As further evidence about the decreased demand for debt relief help, the United States Courts have just released the latest statistics which revel the number of non-business bankruptcy filings. According to the year end September 30th data the number of consumer bankruptcies fell 31 percent from the same period in 2010. Current filings, for the last twelve months, were 1,072,807 ... Read More »

      AFSLR Growing. Adds American Student Loan Consolidators.

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      The trade group, Association for Student Loan Relief (AFSLR) has added a new member according to the group. American Student Loan Consolidators has been recently added as a member. – Source It appears American Student Loan Consolidators is an outgrowth of Upbin’s formerly religious debt management activities as Christian Credit Counseling Center. According to CorporationWiki, “Daniel Upbin is the Managing ... Read More »

        My Addictions Have Left Me Broke and Hopeless. – Jane

        Drowning swimmer

        “Dear Steve, I don’t know where to start. I am an alcoholic and a drug addict. I got sober when I was 25 years of age. I had no education or skills. I went on welfare. I went to college after that and obtained a professional degree and license. I also met my husband and had two sons. I had ... Read More »

          Fake Payday Loan Collectors Halted by Court

          ftc

          At the request of the Federal Trade Commission, a U.S. district court has halted an operation based in Atlanta and Cleveland that allegedly used deceptive and threatening tactics to collect phantom payday loan “debts” that consumers either did not owe, or did not owe to the defendants. The court order freezes the defendants’ assets to preserve the possibility of providing ... Read More »

            Mortgage Counseling Center of America Asked to Get the F Out of Connecticut

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            The State of Connecticut has taken action against yet another debt relief company, this time asking Mortgage Counseling Center of America to take a hike or get a license. Mortgage Counseling Center of America also goes by the name Mortgage Counseling Center and operates with Edward Albert Bauman, Jr. The State says the company is located at 23785 El Toro ... Read More »

              The National Consumer Hardship Program Mailer

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              Well it looks like possibly misleading debt reduction mailers are still being sent out by that old postal permit 1297 in Sacramento, California. This one is for something that looks like a government check when you glance at it from the outside. The mailer is really for something called The National Consumer Hardship Program. And the fake check even goes ... Read More »

                United Tax Group Raises Questions by Reader

                Mature woman confused

                A reader wrote me and was curious why United Tag Group was advertising they are an A rated accredited member of the BBB. So I had to go check. And sure enough, the link the reader gave me, unitedtaxgroup.net does show the company claiming to have that rating. It also claims they are a member of the National Association of ... Read More »

                  Why is Daniel Ruggiero Associated With Credence Law Group?

                  help woman

                  “Dear Steve, I’ve been helping a relative that has been scammed into a mortgage modification by Credence Law Group. While doing some research on how to assist them I came across a website. I noticed something interesting… one of the letters they received from Credence was signed by Daniel Goldsmith Ruggiero. When I googled his name, I notice that he ... Read More »

                    Morgan Drexen Hits Speed Bump in Suit Against the CFPB

                    head hanging

                    Previously the somewhat debt settlement, social media, call center, software developing, reputation defending company Morgan Drexen in California sued the CFPB and challenged its constitutionality. I’ve written about that here, here, and here. On October 17th the United States District Court for the District of Columbia issued an opinion in the case. In the 29 page opinion, Judge Kollar-Kotelly had ... Read More »

                      I’m a U.S. Resident Living in New Zealand With U.S. Student Loan Debt. – Tess

                      gears

                      “Dear Steve, I have a BS in Psychology from the University of Texas at Arlington and am just now finishing up my medical degree from the University of Auckland in New Zealand. (Finish Nov 9) I ended up taking out some private loans during my undergrad as my parents were against PLUS loans, and I was paying for everything myself. ... Read More »

                        Can’t Pay on My Chase Private Student Loan. – Scott

                        Fallout Shelter Sign

                        “Dear Steve, Back in august of 2007 I took out a student loan. This student loan was in the amount of 5,000 from Chase Private student loans. Recently i was involved in 2 car wrecks and could not make a payment. Yesterday i received a notice from chase recovery department telling me my payment is due in full. I have ... Read More »

                          Steve Rhode is a Fraud Says Joe Truth

                          bully

                          I get the odd attacks from time to time but one today from an anonymous reader who identifies himself (not sure if it is a he or she since comments from both Joe and Jane have come from that IP) as “Joe Truth” deserves to be discussed. Joe Truth Says Here is the statement submitted: “I have watched you slander ... Read More »

                            Association for Student Loan Relief Forms. Game On.

                            hiding-1

                            For companies interested in selling student loan debt relief it appears a new organization has formed, led by noted debt relief attorney Robby Birnbaum of Greenspoon Marder. The group, Association for Student Loan Relief (AFSLR) is holding their first meeting in Las Vegas on December 12, 2013 at Mandalay Bay. Early sponsors of the association are listed as Greenspoon Marder, ... Read More »

                              Sovereign Funding Sends Tribal Debt Consolidation Mailer to Consumers

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                              A reader sent in a mailer which struck us as interesting because it was sent from the same postal permit 1297 that many of the debt relief mailers we’ve written about in the past had been sent from. This mailer appears to promise a debt consolidation loan. The reader sent the mailer through my I Buy Junk Mail program. The ... Read More »

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