Home > Author Archives: Steve Rhode (page 49)

Author Archives: Steve Rhode

Creditors Concourse Trust – Crazy Times

Senior couple at home focusing on angry man

A reader wanted me to look at the website of a company called Creditors Concourse Trust at cctrusts.net. After looking at the site, I can see why. The site claims to be able to negotiate better terms with creditors by creating a trust which provides collateral security for the creditors in hopes to “obtain lower interest rates and longer periods ... Read More »

    Debt Settlement CEO Goes to Jail. Industry Goes to Denial.

    mans hands behind bars in jail or prison

    Recently attorney Michael Livitis, the CEO of Mission Settlement Agency, was sentenced to nine years in jail. His co-defendants, Denis Kuryland, Boris Schulman, and Manuel Cruz pled guilty as well. This case wasn’t an unusual outlier. From all outward appearances it was your run of the mill attorney model debt settlement agency that made promises, would not give refunds, and ... Read More »

      How The Advocacy For Consumer Rights Helps Consumers

      Magnifying Glass - Q&A

      Recently, Leyton Ward and I, who used to be in a tussle with, had a chance to sit down together and meet. He was gracious to share what TAFCR does and why most people don’t understand it. After spending time with Leyton I will admit what he tries to do to help consumers with mortgage problems, sounds unique. Q. So ... Read More »

        What I Learned from Leyton Ward at The Advocacy for Consumer Rights

        Clapping Business People

        Yesterday Leyton Ward and I finally did what we probably should have done two years ago, and sat down together over a great lunch and just talked. You see for what feels like the last two years Leyton and I had been in, well, basically a pissing contest. I do owe Leyton a big hat tip for flying to Raleigh ... Read More »

          CFPB Pulls DriveTime Over and Slaps Them

          cfpb

          The Consumer Financial Protection Bureau (CFPB) today took its first action against a “buy-here, pay-here” car dealer. The dealer, DriveTime, harmed consumers by making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies. DriveTime must pay $8,000,000 as a civil money penalty, end its unfair debt collection tactics, fix its credit reporting practices, and arrange for ... Read More »

            FTC Stops Free Credit Score Bullshit

            ftc

            The Federal Trade Commission has stopped an online scheme that allegedly lured consumers with “free” access to their credit scores and then billed them a recurring fee of $29.95 per month for a credit monitoring program they never ordered. The three companies have agreed to pay $22 million for consumer refunds under a settlement with the FTC and the state ... Read More »

              How Can I Transfer My Parent PLUS Loans to My Son?

              Signs, Road Stencils

              “Dear Steve, I have several parent plus loans that I took out for my sons college. He also has some stafford loans. I am now concerned of the amount of loans I have under my name. I have three other children who will be attending college, and was hoping to buy a house in the next five years. He and ... Read More »

                My Husband is a Disabled Vet and the Student Lenders Are Coming After Us

                Debtstar

                “Dear Steve, My son has 2 Government Student Loans(Sallie Mae & NelNet). He is paying over $300.00 on each one, but they want $816.00. My husband is a Disabled Vietnam Veteran and now the loans are coming after us. They want to garnish his pensions of the difference in payment. I do not work cause I take care of my ... Read More »

                  Her Husband Died and the Lawyer Threatened to Take the House

                  hiding

                  “Dear Steve, Friends husband died from cancer and failed to show up at court hearing for collection suit on credit cards. After his death, collection agency(said they were an attorney) threatened to take her house if she didn’t pay off his debt. This debt was incurred before they got married and he carried into the marriage without telling her about ... Read More »

                    HDRP Approval Department Mailer

                    20141118_091244

                    An amazing reader, Roger, sent in a new debt relief mailer through my I Buy Junk Mail program. This mailer is nearly identical to another one I covered here. The only differences are the name on the outside of the mailers, from HDRP Funding Department to HDRP Approval Department, and the phone number. The postal permit is 507 out of ... Read More »

                      I Have an Old Bally Fitness Debt I Was Sued Over.

                      law books

                      “Dear Steve, I had signed a contract with bally total fitness in the state of California in 2004. I stopped going to the gym without paying the cancelation fees. So they sold my unpaid account to a collection agency. This last one sued me in 2009 and won by default because i never showed to the courthouse. The collection agency ... Read More »

                        How Do I Stop My Student Loan Wage Garnishment?

                        Magic Mushrooms

                        “Dear Steve, My check is getting garnished until dec 17th after that they said i can make a payment arrangement and they will send out another garnishment can i tell them what i can pay a month or do they tell me what to pay? Viola” Dear Viola, There are two ways a paycheck could get garnished. The first is ... Read More »

                          Should I Consolidate My Student Loans Into a Variable Rate Loan?

                          loan-approved

                          “Dear Steve, I graduated in 2008. I’m still paying down student loans, often more than the minimum payment. I have a mix of private and federal loans at varying interest rates. Would consolidating my student loans into a loan with a variable interest rate be beneficial? How long will the interest rate likely remain low? Is there anything in particular ... Read More »

                            Top 10 Reasons You Should Stop Paying Your Unaffordable Private Student Loan

                            What I most want you to do when facing bankruptcy is to stop assuming or reacting emotionally and start thinking logically.

                            Right now if you have federal student loans there are good options to help lower or eliminate your monthly payment. To see those options, click here. But what about when your private student loan lender won’t work with you. What are your options? Well one of the options is to stop making payments on that unaffordable student loan. If the ... Read More »

                              I Got Married and My Husband Got Laid Off

                              beautiful girl on stool with laptop

                              “Dear Steve, I’m working full time and earning 46k annually. I got married this past spring and then my husband was laid off in June. His unemployment benefits are lower than his previous income and he is missing due dates every other month. We have barely been married long enough to merge bills but I’m scared because he already has ... Read More »

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