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Home > Author Archives: Steve Rhode (page 59)

Author Archives: Steve Rhode

Haters Going to Hate

hate you

“No matter what you do, 50% of people are going to hate you.” That’s pretty damn true. Read More »

    Wells Fargo Halts Selling Bad Credit Card Debt For Now

    IMG_6198

    It looks like other banks are taking the government warnings to clean up their act when it comes to how they handle dealing with their bad debt from credit card accounts that they used to sell off without much care. The American Banker is reporting: “Wells Fargo (WFC) has halted sales of its customers’ unpaid consumer loans to outside debt ... Read More »

      Stop Caring What Other People Think About You

      other people

      If you care about what other people think you will always be their prisoner – James Frey Read More »

        Being Sued for a Federal Student Loan? Don’t Panic. Read This!

        total student loan suits

        A friend asked me recently what really happens to people who are being sued over a defaulted federal student loan that was referred to the Department of Justice by the Department of Education. So I had to do what I typically do with these types of questions and spent hours and hours pouring over lawsuits by the United States of ... Read More »

          Despite State Suits World Law Debt is Apparently Still on the Acquisition Hunt

          Decision time

          Despite the recent legal entanglements it appears World Law Debt is still on the hunt for new clients. A recent email sent out by Gil Medeiros, Affiliate Director, says he is looking to buy up portfolios of debt settlement clients. Medeiros identifies himself as the affiliate director of World Law Debt online. – Source, Source The email sent out from ... Read More »

            Two Florida Aholes Screw Consumers and Univision and Wind Up Strip Searched

            angry caller narrow

            While a bit off topic for me I could not help but share this story just out of the Department of Justice. Basically it’s a financial scam using an offshore call center but Daniel Carrasco, 54, and Federico Martin Gioja, 45, of Miramar, Florida had quite a pair of Cojones. A grand jury in the Southern District of Florida issued ... Read More »

              Beanie Baby Budget Buster Begets Bankruptcy

              Screen Shot 2013-07-25 at 4.57.09 PM

              We’ve all known someone who became an uber collector and went over the edge. Soon, before the well intentioned person knew it the collection turned from a wise investment to a financial pit and an then a painful obsession. I have to admit I had my own select tiny obsession when my daughter was young and I bought cases of ... Read More »

                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 »

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