Home > Author Archives: Steve Rhode (page 678)

Author Archives: Steve Rhode

Should I Be Worried They Will Take My House? – Sarah

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“Dear Steve, Divorced, accumulated at least $15000.00 in unsecured CC debt and owe on a car loan. I was recently laid off and cannot meet my bills. I stand to inherit the house I live in, and maybe 10,000. in cash. Should I apply for bankruptcy, I would want chapter 7 but am afraid they would take my house with ... Read More »

    Will I Be Able to Travel to United Arab Emirate Without Fear of Arrest? – Graham

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    “Dear Steve, I am planning a family vacation to Dubai in the near future, but have become worried about a credit card balance of about 600AED with HSBC that was left unpaid in 2001 when I returned home to the UK after a period of residency in Dubai. Would this outstanding debt mean I have an outstanding warrant for my ... Read More »

      Credit Solutions of America and American Debt Arbitration, Debt Settlement Companies, Are Sued by State of Florida

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      Florida Attorney General Bill McCollum today announced his office has filed two lawsuits on behalf of Florida consumers against five debt settlement-related companies. According to the Attorney General’s lawsuits, the businesses promised consumers they could pay off their debts for a fraction of the amount owed, but instead collected large up-front fees and left customers with little or no money ... Read More »

        A Review of the Everest Debt Solutions Debt Settlement Client Agreement

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        Recently I wrote about a debt settlement company called Everest Debt Solutions here and here. I managed to get my hands on one of their client agreements so I wanted to review it for you to help you understand what it all means to the best of my ability. I think you’ll find some eyeopening sections in my comments below ... Read More »

          The Curse of the Hess Kennedy Debt Settlement Firm Lives On

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          In a twisted matter of irony the law firm that was acting as a receiver for the Hess Kennedy debt settlement company that was closed down in Florida, has been closed down. Law.com reported that Lewis B. Freeman & Partners went to court in Florida on Friday and put the firm out of business. This seems to have stemmed from ... Read More »

            New Law Prevents Foreclosure Relief and Mortgage Modification Services From Charging an Up-Front Fee

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            California Attorney General Edmund G. Brown Jr. today issued a consumer alert warning California homeowners to avoid individuals and businesses that charge up up-front fees for foreclosure relief services in light of a just-enacted state law that makes this “abusive practice” subject to prosecution. “Over the past two years, unscrupulous attorneys and real estate brokers have abused their trusted roles ... Read More »

              New York Attorney General Wins $200,000 Penalty Against Debt Settlement Company

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              Attorney General Andrew M. Cuomo today announced that his office has won a lawsuit against a national debt settlement company, barring the company from doing business in New York state unless it posts a $500,000 performance bond to protect consumers. The decision also levies nearly $200,000 in penalties against the company for defrauding thousands of New Yorkers who looked to ... Read More »

                Fewer Than Ten Percent Get Out of Debt With Credit Counseling or Debt Settlement Companies

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                I previously wrote an article The Truth About The Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. Some people scoffed at my findings and said they could not possibly be true, but they are. Fewer than 10 percent of consumers completed their agreements with Colorado debt-settlement and credit-counseling companies, by either paying off or settling all ... Read More »

                  What is the Best Way to Eliminate My Credit Card Debt? – Anne

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                  “Dear Steve, I am a 39 year old woman who shares custody of my seven year old daughter. I got divorced a little over a year ago. I bought a townhome right after the divorce. I was lucky I bought when I did, because although I have excellent credit, I work as a bartender and I cannot prove my income, ... Read More »

                    Global Client Solutions & Rocky Mountain Bank & Trust, Good People Tangled in Some Bad Debt Settlement Business

                    First, let me say that in my life in the credit counseling and debt management world I have had an opportunity to interact with the folks at Global Client Solutions (GCS) and Rocky Mountain Bank & Trust. I always found them to be professional and competent at what they do, manage client accounts. The Global Client Solutions mission, as stated ... Read More »

                      Attorney General Nails Debt Settlement Companies CreditAnswers and Liberty Settlement Group.

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                      The Vermont Attorney General announced that CreditAnswers, LLC, and Liberty Banc Mortgage Group, Inc. (doing business as Liberty Settlement Group), two companies that offer to negotiate debt settlements for consumers, have entered into settlements with the Attorney General’s Office that will result in refunds and payments to the State totaling over $70,000. In doing so, the businesses—based respectively in Plano, ... Read More »

                        New Debt Settlement Software Helps to Not Kill Sales and Increase Closing Percentage and Retention Rates

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                        Here is a recent press release from a company that makes software for the debt settlement industry, in case you did not understand that debt settlement is a sales oriented business. The bolded sections were added by me for emphasis. — MSTARS, LLC is pleased to announce that its new Virtual Training System (VTS) has officially launched and is already ... Read More »

                          Arizona Takes Care of Taken Care of Investments and Hope For Homeowners Now for Screwing Consumers.

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                          Airizona Attorney General Terry Goddard announced that he has gained a total of more than $1,370,000 in civil penalties and restitution for consumers as a result of two mortgage fraud lawsuits filed earlier this year. These enforcement actions come as part of Goddard’s crackdown on businesses that prey upon homeowners struggling to avoid foreclosure. “The Attorney General’s Office will continue ... Read More »

                            My Father Stole $25,000 From Me. – Drew

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                            “Dear Steve, I’m 28 years old, have a 17 month old son, sole provider currently (my girlfriend is in nursing school). I have $28,000 in credit card debt, $15,000 student loan debt with Sallie Mae, currently trying to sell my house since I am quickly becoming unable to pay my mortgage. I owe my mother $16,000, which I borrowed to ... Read More »

                              I am Completely Freaking Out About My Debt. – Heather

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                              “Dear Steve, I was laid off in May and now our family has no way to catch up or settle with these people. We had not been able to pay for 8 months and so now they have sued. We have met with an attorney who advises us to file chapter 7. We have no assets except for the items ... Read More »

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