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Home > Author Archives: Steve Rhode (page 50)

Author Archives: Steve Rhode

The Explosion of Student Loan Debt in Pretty Pictures. OMG!

3 bikini models on rocky beach

For those dealing with paying for education using student loans here are a couple of excellent charts put together by a Raleigh neighbor and brainiac Doug Short. As you can see, the explosion or pole vault of college cost and the rocket like trajectory of federal loans to students don’t paint a rosy picture for the affordability of a higher ... Read More »

    People Unload Wallets on Health Insurance, Education, and Kids

    rise in expenses

    Data on millions of American’s shows spending and expenses are up in a number of categories. You probably don’t need me to point that out for your own budget. The data shows spending is up significantly for health care, education costs, and expenses for our dear (sweet?) children. Read More »

      Moment of Tragic Spain Train Crash Caught on Video

      Screen Shot 2013-07-25 at 12.27.50 PM

      Yesterday there was a tragic train accident in Santiago de Compostela, Spain where many were killed. After watching the accident it is amazing people survived. I can’t help but watch the video and think two seconds from now about 80 people are going to die. Just goes to prove you have to live your current life so it is worth ... Read More »

        These Private Student Loans Can Be Easily Discharged in Bankruptcy

        don't believe

        In my recent article and research on the discharge of Sallie Mae and private student loans, here, I discovered there is a special subset of private student loans that can be easily discharged in a consumer bankruptcy filing. In fact, not only can they be discharged but when they are pointed out as meeting the criteria you will read about ... Read More »

          Beware of This Debt Settlement Offer – ConsolidationOffer.com

          Screen Shot 2013-07-24 at 10.35.53 AM

          It appears this debt settlement offer is making the rounds. The reader reports it was sent in a blank envelope from postal permit 507 in Santa Ana, California. There was no indication who the sender was on the outside. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. As you will see ... Read More »

            Proposed Student Loan Changes May Make It Easier to Pay

            Student Loan Corkboard Concept

            The Department of Education will publicly issue a notice of proposed rulemaking tomorrow that could make it easier for people with loans from the Federal Perkins Loan (Perkins) Program, Federal Family Education Loan (FFEL) Program, and William D. Ford Federal Direct Loan (Direct Loan) Programs. Consumers wishing to offer any public comment on these proposed rules may do so visiting ... Read More »

              National Settlement Services – Ridiculous Quotes of the Day

              Screen Shot 2013-07-23 at 1.45.42 PM

              National Settlement Services out of Tampa Florida, and an “AFCC/TASC” member has issued a press release that seems to sum up their view of the debt settlement world. National Settlement Services SLAMS the debt settlement world when they say, “Unlike many debt settlement companies, NSS is committed to working with clients and sustains a company policy to always have the ... Read More »

                Morgan Drexen Throws Hail Mary, Sues Consumer Financial Protection Bureau

                Screen Shot 2013-07-23 at 10.42.39 AM

                Morgan Drexen, the debt settlement back office provider, has sued the Consumer Financial Protection Bureau in an effort to hopefully get the CFPB to get out of their business. The company is being represented by Venable, LLP and Randall Miller. In truth the suit is brought by Kimberly A. Pisinski and Morgan Drexen. The suit says Pisinski is an individual ... Read More »

                  A Look at Sallie Mae and Other Student Loans Discharged in Bankruptcy in 2012

                  Bankrupt

                  This article is part of my ongoing look at the possibility of discharging student loans in bankruptcy. It is a followup to my article here where I looked at federal student loans that received a modification, settlement or elimination as part of a bankruptcy adversary proceeding filing in 2012. This time I’m taking a look just at the cases in ... Read More »

                    Paul Gellenbeck and Fidelity Land Trust Facing Criminal Contempt

                    Jail

                    A tipster (send in your tips here) shared a court document with me showing the State of Florida being none to happy about the continued marketing efforts of Paul Gellenbeck and Fidelity Land Trust after a September 25, 2012 temporary injunction and asset freeze filed by the Office of the Attorney General in Florida. See this article. It appears just ... Read More »

                      Work-At-Home Marketer Settles With FTC

                      ftc

                      Christopher Andrew Sterling, a work-at-home opportunity marketer, has been banned from selling work-at-home and business opportunities under a federal court settlement. The FTC sued Sterling in November 2012 as part of “Operation Lost Opportunity,” a federal-state crackdown on scams that falsely promised jobs and opportunities to “be your own boss” to people who are unemployed or underemployed. The agency charged ... Read More »

                        USA Student Loans – Review. Are They a Scam?

                        Audit Stamp Shows Financial Accounting Examination

                        A reader asked me to take a look at USA Student Loans and review the site for the,. Here is my review. Company Name USA Student Loans Our Impression of What the Company Offers to Consumers The company appears to be offering the same solutions available to consumer for free from the Department of Education. The company appears to fall ... Read More »

                          Canadians Targeted in Student Loan Assistance Scheme From U.S.

                          inside

                          The flurry of student loan assistance programs exploding is the latest debt relief pitch rolling out. I’ve covered these here, here, here, and here. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The consumer lives in Canada but the mailer came from the same notorious postal permit 1297 in Sacramento, California. ... Read More »

                            World Law Debt Still Hustling for Affiliates While Battling States and Complaints

                            Certain death

                            A debt industry insider and awesome tipster (send in your tips here) expressed some concern about continued affiliate recruiting emails from World Law Debt who claim to be “leaders in the debt solutions industry.” – Source World Law Debt is facing serious legal actions in Oregon, Illinois, and North Carolina. In Oregon alone they are facing $10 million in damages ... Read More »

                              US Legal Service Group Sends Consumer Script – DOH!

                              head hanging

                              A consumer who was investigating the debt relief services offered by US Legal Services Group received a surprise in their contract package sent to them to sign and enroll. Oops, it included the field agent sales script as well. It appears from the documents turned over to me, the consumer was being sold an advance fee debt settlement program by ... Read More »

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