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Home > Author Archives: Steve Rhode (page 6)

Author Archives: Steve Rhode

Reader Sends in 321Loans Mailer From MarkSYS Which Raises Questions

321Loans Mailer Front

An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Recently I wrote about a company named 321Loans. A different reader had sent in a contract for me to review. If you read my article, here, you will see there were some questions raised that the company has not responded to. One of ... Read More »

    321Financial and 321 Loans – Contract Review and Disapointing Radio Silence

    Screen Shot 2015-12-01 at 2.38.03 PM

    Information has been pouring in about companies in Florida and specifically about companies associated with Jeremy Marcus. People are using my tipster (send in your tips here) form to send information in. Recently I wrote about a company named Omni Management Partners and as part of that agreement was an agreement for the credit repair company, Breeze Financial Solutions. The ... Read More »

      It Never Ends. Another Debt Settlement Mailer or Something Like That.

      Screen Shot 2015-12-09 at 8.58.48 AM

      An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. There is nothing super new in this mailer except I see the marketers are offering even more fantastic debt reduction claims of 70% settlements. Of course the problem with this, in this mailer, is there is no indication of who sent the mailer ... Read More »

        Do Premier Student Loan Center Sales Closers Offering Independent Financial Advice?


        I just spotted a help wanted advertisement for Premier Student Loan Center that serves as a good example of who consumers may be talking to when they call in or get a call. This is yet another great look at the motivation of the person on the other end of the phone when people are looking for solid financial advice. ... Read More »

          Can I Just Pay What I Can Afford on My Private Student Loans?

          Student Loan installment payment check paying back money owed in obligation for borrowed funding for college or university education

          Question: Dear Steve, So I have private loans and a few federal loans my month payment currently is for all my loans is about $1000. My employer has been helpful by letting me work OT to make this happen. Currently working 12 hours of OT a week. But that is about to end, they are working on eliminating OT for ... Read More »

            Consumer Credit Counseling Looking for Debt Management Sales Closers


            Let me be perfectly clear here, while this article is about a job posting from Trinity Debt Management, I’m not beating up on them. It’s just that their job posting is a good example to help consumers understand the reality of nonprofit debt help. And look, I totally understand the back office issues of needing to make ends meet and ... Read More »

              Beacon Student Loan Services – Poof!


              A reader reached out to me about a company called Beacon Student Loan Services. They were curious what happened to them since after they hired them the company stopped communicating with them and the website is gone now and phone goes to voicemail. They say they’ve been unable to get in touch with their representative, Jay Wendell. Well here is ... Read More »

                Credit Reporting Company Clarity Services Does What!


                The Consumer Financial Protection Bureau (CFPB) took action against a nationwide credit reporting company, Clarity Services, Inc., and its owner, Tim Ranney, for illegally obtaining consumer credit reports. The company also violated the law by failing to appropriately investigate consumer disputes. The Bureau is ordering the company and its owner to halt their illegal practices and improve the way they ... Read More »

                  Freedom Debt Relief Finally Resolves NH Issue

                  happy woman in wheelchair outdoors beach showing victory sign

                  It took five years but an issue dragging along behind Freedom Debt Relief has finally been evicted. Back in the pre-TSR days Freedom was sued in New Hampshire. Freedom has used their own skills and settled the debt that was generated by the issue. According to the Union Leader, “Nearly 100 New Hampshire residents are dividing $133,604 in a settlement ... Read More »

                    Synchrony Financial Drops $4 Million on Credit Counseling

                    3D Press Release Crossword

                    Synchrony Financial has committed a $4 million grant to the National Foundation for Credit Counseling® (NFCC®) in support of the next phase of the Sharpen Your Financial Focus™ (Sharpen) initiative. The Sharpen program allows consumers to identify their most pressing financial issue, and then helps them select appropriate solution options through education and counseling. The steps of the program are: ... Read More »

                      Most Prefer to Deal with Debt Online. So Why Can’t They?

                      crystal ball

                      While this news comes out of England, it is as equally true here in the U.S., in my opinion. I’ve always been amazed that someone has not developed a completely automated online system to help people interface with their creditors, manage their money and help them invest. This sort of solution would also help to drive down the cost of ... Read More »

                        I’m a Single Mom and Struggling with Student Loans and Childcare

                        broken piggybank with dollar notes

                        Question: Dear Steve, I am a single mom of two and I have about 67k in student loan debt. I cannot afford to pay my student loans after trying to work 2 and 3 jobs just to take care of my children. I don’t have anyone to help me. The payments are high, even with the income based repayment plan. ... Read More »

                          Pullin Law Another Victim in Connecticut

                          Oops! What Is It?

                          Yesterday I bitched about being surprised debt relief companies keep selling without a license in Connecticut and today comes another example made public by the State Department of Banking. WHEREAS, Allan Pullin is an individual who is not licensed to practice law in Connecticut, is not licensed as a debt negotiator in Connecticut, and has a place of business located ... Read More »

                            DOJ Holds Mortgage Company Accountable for Unreasonable Loans

                            Department of Justice DOJ

                            Franklin American Mortgage Company has agreed to pay the United States $70 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today. Franklin American is headquartered ... Read More »

                              Making More Money Drives Up My Student Loan Payments

                              stressed man

                              Question: Dear Steve, I owe like 50k or more in student loans that I will never be able to pay. I graduated in 1997 and have been able for various reasons to defer with different programs until recently. I guess laws changed. My loans are with Granite State. I am setup on income based payments. I am married, with one ... Read More »

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