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Home > Author Archives: Steve Rhode (page 62)

Author Archives: Steve Rhode

WFS Debt Relief & Whitelight Financial Services Scammed Me for $1,500. – Wes

Shocked Face

“Dear Steve, About 3 yrs ago I was having a difficult time keeping up with my high interest credit card bills and overheard on the local radio station about WFS Debt Relief. At that point I was still making all payments and on time. I was new to the whole “debt consolidation” industry and was simply looking for some help. ... Read More »

    World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

    Screen Shot 2013-05-23 at 3.41.13 PM

    Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

      Can I Ditch Golden State Debt Management and Save Money? – Art

      process

      “Dear Steve, I am using the Consumer Credit Counseling program with Golden State Debt Management. It involves me allowing them to deduct $625 per month from my checking account. In total, they keep about $125 in fees each month. High. But even including those fees, I’m still saving $90 / month versus the astronomical interest I was paying before. (The ... Read More »

        Is Credence Law Group a Legit Company or a Scam? – John

        puzzle

        “Dear Steve, I have been approved for a loan modification thru Credence Law Group. They are now asking for $3600.00 fees. They say they are sending paperwork and contracts for me to sign tomorrow. I need to know if this company is legit? I have nothing in hand to confirm that I am approved. What can you tell me about ... Read More »

          My Experian Credit Report Still Shows Old Negative Items – Joseph

          Writing Q&A, Questions and Answers on a blackboard.

          “Dear Steve, I just received an investigation report from Equifax that the 03/2008 Collection Account has been fully paid since 03/2010 and is currently reporting a zero balance for this account. Yet, when I printed my 05/21/2013 Credit Report the said account is still listed with Experian and a part of my High Impact Differences. I also had fully paid ... Read More »

            Cockburn & Associate Claims Make Me Wonder If They Are True – Georgia

            canada-new-car-window-sticker

            “Dear Steve, I have quite a bit of debt outside of my mortgage about $60,000 and it is causing us much stress and it just seems to keep going up rather then diminishing at all so I have been trying to figure out ways to pay it down this is how I came across the company I have a question ... Read More »

              My Retirement Plan Won’t Let Me Borrow Money to Settle My Debt – Quincy

              Dollars and Stopwatch

              “Dear Steve, I’m thinking of using some of my reitrement to help settle my debt. But my retirement says if I refund the money I will lose all benefits to it. I’m with the Arizona State Retirement System. I do not want to take it all out, just enough to cover my debts. Will I be penalized for this and ... Read More »

                My Bank Won’t Give me an Auto Loan Because of My Past Repossession

                Why?

                “Dear Steve, Almost 7 years ago I voluntarily turned my vehicle in for repossession. I wasn’t behind, but I knew I couldn’t afford it and handle a mortgage since I was purchasing a house. Fast forward to this day it is on schedule to be removed off my credit in January of 2014 according to my bank (auto loan department). ... Read More »

                  I Feel Like I Made a Mistake Going With Student Loan Processing.us – Terry

                  black-hole

                  “Dear Steve, I have used student loan processing.us to help consolidate my student loans. Unfortunately, I didn’t do good enough research before, now I am stuck. Their payments and interest rates are higher than quoted and they did not tell me this before sending my loan info on to my new lender. Now they refuse to allow me to cancel ... Read More »

                    I’m a Real Estate Agent and Facing Bankruptcy – Kelly

                    Disaster comes when we least expect it. There is no good time for a financial tornado.

                    “Dear Steve, My husband and I have been down the bankruptcy road and it was discharged. I am embarrassed to say that only eleven years after the discharge, we are now possibly having to consider filing again. We have one child and my husband makes $75,000 a year. I work as a Realtor but pay has been slow and I ... Read More »

                      Army Soldier Wants to Fix His Credit After a Messy Divorce

                      Meeting with Pusht-e Rod leadership

                      “Dear Steve, 26yr old Army soldier trying to fix credit after a messy divorce a few years back. I was deployed, she decided to leave, and stopped paying on just about everything that was in my name without my knowledge. Upon my return, I joined “freecreditreport.com” to continuously monitor my credit and my debts, and I contacted and paid and/or ... Read More »

                        NoteWorld / Meracord Loses Arbitration Agreement With Court

                        Shocked Face

                        An interesting development in the NoteWorld / Meracord world and a court case involving an arbitration agreement. The Ninth Circuit Court of Appeals heard the case between Amrish Rajagopalan and NoteWorld. Apparently NoteWorld tried to rely on the arbitration agreement the debt settlement company had in their agreement to compel this situation out of court and into arbitration. According to ... Read More »

                          Those With Cancer Nearly Three Times More Likely to File for Bankruptcy

                          Cancer patient versus non-cancer patient filing rates.

                          A recent study found adults diagnosed with cancer are 2.65 times more likely to file for bankruptcy while bankruptcy filings are as much as five times higher among your cancer patients. According to the study, led by Scott Ramsey, MD, PhD, an internist and health economist at the Fred Hutchinson Cancer Research Center in Seattle, Washington, between 1995 and 2009 ... Read More »

                            Home Owners Advocacy Group – Contract Review

                            HOAG1

                            A reader sent in a contract with Home Owners Advocacy Group they had recently signed for some sort of mortgage assistance of foreclosure avoidance. I am now a lawyer. What follows is my opinion of different sections of the agreement in an effort to help readers better understand what to look for and what it means. If you have a ... Read More »

                              Consumers Defaulting Less on Debt Says New Data

                              Screen Shot 2013-05-21 at 11.18.10 AM

                              New data out from S*P and Experian says consumers are doing a better job paying their bills. The national composite of consumer defaults hit its post-recession low of 1.42% in April, down from 1.50% in March. The first mortgage default rate moved down to 1.31% in April from 1.41% in March. The auto loan default rate posted a 1.07% rate ... Read More »

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