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Home > Author Archives: Steve Rhode (page 62)

Author Archives: Steve Rhode

FTC Gets Ass Kicked on Appeal and Wins at Same Time


Back in 2012 the FTC lost a case it had brought against Corey Butcher, Brent Butcher, and Financial Freedom of America, Financial Freedom Processing. The case was one where the FTC said the performance statements made by the debt settlement companies were not accurate and could mislead consumers. In what seemed like a ruling from an alternate universe, the judge ... Read More »

    The Private Student Loan Lawyer Says I Have to Settle

    Sagging Economy

    Dear Steve, I have defaulted on a student loan in the amount of $33,240 with NCO. A law firm has called me and says that I must settle for $26,592 in the month of August or I can get on a repayment plan for $9,972 and then a monthly payment of $332 but keeping in mind my interest will accrue ... Read More »

      My Daughter Spent a Lot of Her Student Loans on Living Expenses, Not Tuition

      College Tuition Expenses

      Dear Steve, I co-signed for approximately $35,000 worth of school loans for my daughter. She graduated from Chatham University in 2010 with a bachelor’s degree in psychology. She could not find a job in her field paying over $25,000 per year. She went back to school and has since graduated with her degree in nursing and is taking her boards ... Read More »

        Mortgage Modification Attorney Gets Her Day in Court. Ouch!

        Screen Shot 2013-08-09 at 10.48.19 AM

        Pamela Stacey Gerber-Gressier gets to spend many days in court after being sued by the State Bar of California. PSGG has been the subject in a number of mortgage modification stories over the years. See here and here. She’s also been associated with The Remedy Group, Remedy Law, Prudent Law, and Prudential Law to name a few. All of these ... Read More »

          YOLO and a Message From the Heart From This Wonderful Fat Ass – NSFW

          Screen Shot 2013-08-08 at 10.04.02 PM

          This is a really good message from this YouTuber about what he has learned about living life without any concern over his quality of his life. It’s a great message that is good to listen to. I applaud him for making the video. As he says, “Why should you listen to this fat ass?” It’s because he learned some really ... Read More »

            I Can’t Afford My Sallie Mae Student Loans With My Art Degree. – James

            painter artist dog

            Huffington Post Reader Question Dear Steve, Attended the Art Institute of Ft. Lauderdale, FL for game art/illustration from 2004 to 2006, transferred to the Art Institute of Philadelphia, PA for animation, from 2006 to 2007, transferred to the Pennsylvania Academy of the Fine Arts in 2007 and graduated in 2012 with a certificate in painting. I have a total of ... Read More »

              Nicholas Torgerson Sued in Florida After Following Fidelity Land Trust and Others


              According to information sent in by a tipster (send in your tips here) another domino has fallen in the efforts to stop the ridiculous land trust efforts being sold in Florida to protect homes from foreclosure. On July 22, 2013 I wrote this article about how players in the Fidelity Land Trust scam had allegedly sucked in a willing participant, ... Read More »

                Key to Success – Key to Failure

                success copy

                This is so true, isn’t it. For some people, no matter how hard they try, they feel they can never win. But isn’t the key to be happy with your efforts and not look to others to validate your accomplishment? Do what you feel is right, your best job, and create a legacy you are proud of and make that ... Read More »

                  Something People Never Tire Hearing

                  Thank You - Words on Yellow Sticky Notes

                  Sometimes it can just go a really long way to stop and say thank you to someone, for even the littlest thing. But you have to say it and mean it for maximum impact. Earlier today I held the door for a woman as she left the coffee shop and she said thank you and I could just feel as ... Read More »

                    Mortgage Lawsuit Network – Consumer Complaint – August 7, 2013

                    customer service feedback

                    Consumer Statement: Back in March of this year we decided to call Mortgage Law Suit Network to see if they could help us with our Bank of America situation. This is when the trouble began for my family we spent 5000.00 on a retainer and 800.00 per month to stay active in the suit. Consumer Action Taken: We have asked ... Read More »

                      Wells Fargo Home Rebate Credit Card – Yawn

                      The card leaves me yawning.

                      Is the Wells Fargo Home Rebate Credit Card a smart card to use? Despite an initial flurry of rebates, 3% rebate on gas, grocery, and drugstore net purchases for the first 6 months, cardholders will get 1% rebates that will pay down Wells Fargo home mortgage. So let’s do the math here. First off, a perfunctory hooray for rebates. But ... Read More »

                        Student Loan Relief Center is Trying to Sell Me Help


                        “Dear Steve, I currently have my student loans consolidated under the Fedloan Servicing, under the graduate repayment plan, with my debt being $42,000. Recently the Student Loan Relief Center contacted me saying they can save me money by switching to them. I qualify for the income based repayment plan and they made it sound so enticing by saying I pay ... Read More »

                          July 2013 Senior Loan Officer Survey Shows Flat Line for Debt Relief

                          Screen Shot 2013-08-06 at 12.27.34 PM

                          As an indication of future demand for debt relief services, a good place to look for clues is the Federal Reserve report on senior loan officer plans. The July 2013 survey is just out but paints a continued flat line picture offer increasing unsecured consumer loans. “Responses from domestic banks indicated that they were somewhat more willing to make consumer ... Read More »

                            California Mortgage Modification Scammers Get Jail Time

                            mans hands behind bars in jail or prison

                            The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that on July 29, four California men were sentenced for defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with mortgage servicer logos offering home loan modification assistance. Victim losses ... Read More »

                              You Always Get a Second Chance

                              what you believe

                              I understand how debt can drag you down and make you feel as if there is no hope. I’ve been there myself. I have the t-shirt. But what I learned along the way is reality is a lot different than our perception. The truth is we always have a second chance to have a better life. Every waking moment to ... Read More »

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