Home > Author Archives: Steve Rhode (page 695)

Author Archives: Steve Rhode

California Debt Settlement Legislation AB350 Much Closer to Passing

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California is very close to passing new regulations regarding debt settlement services. Below you will find the meat of the regulations. You can read the latest version of AB350 Debt Management and Settlement act here. An interesting new twist in this regulation from California is the sentence “The provider’s total fees must be spread over at least half the length ... Read More »

    Debt Settlement Attorney Lawyer Keith Nelms Loses Law License for Three Years

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    Just yesterday I wrote about the recent troubles with Keith Anderson “Andy” Nelms, a lawyer in Alabama that is running a debt settlement company called Allegro Law that actually farms out cases to Americorp. I came across this little nugget that should make any lawyer engaged in debt settlement services, take notice. In a matter unrelated to the civil complaint, ... Read More »

      Dude, I Am Totally Freaking Out Over My Debt! – Margaret

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      Margaret “Dear Steve, Help! We need serious advice! My husband and I have combined CC debt of almost $50,000. We have never been late on payments, but that is all about to change because we are about to hit rock bottom. In a year we have both watched our credit card scores fall from 748 and 720 each by almost ... Read More »

        My Wife is Sick and I Can Barely Pay The Regular Bills. – Joe

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        “Dear Steve, I owe credit card companies for about $45.000. My wife is sick(can’t work and can’t get disability). What I make barely enough to pay my regular bills(power, water etc.).I was paying them always on time, but my situation is out of hands now with their interest rates and stuff. Can they garnish my wages in Florida? If they ... Read More »

          Debt Settlement Attorney Keith Nelms with Allegro Law Gets Sued in Alabama

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          Action by the Alabama Attorney General this week further highlights the tough stance that law enforcement is taking against debt settlement companies. In this case it is against a lawyer and his related professional companies. This suit might lead other debt settlement attorneys to exit the debt settlement business to prevent the loss of their professional license. The suits and ... Read More »

            Look at Our Solar Power Production for the Past Week

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            This post is part of an update on solar power production at my house after the installation of solar panels and other efforts to reduce power consumption. You can read more about the project here and see the layout of panels here. I just wanted to give you a glimpse of a recent seven day period. You can easily see ... Read More »

              Solar Power Production – July 10, 2009

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              This post is part of an update on solar power production at my house after the installation of solar panels and other efforts to reduce power consumption. You can read more about the project here and see the layout of panels here.   Total Power Produced: 15.38 kWh Weather: Sunny and then partly cloudy midday. Note: Because of the nice ... Read More »

                Solar Power Production – July 9, 2009

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                This post is part of an update on solar power production at my house after the installation of solar panels and other efforts to reduce power consumption. You can read more about the project here and see the layout of panels here.   Total Power Produced: 15.91 kWh Weather: Sunny and then partly cloudy midday. Note: Because of the nice ... Read More »

                  I Filed Chapter 7 Bankruptcy But I’m Scared What I Will Face. – Lee

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                  “Dear Steve, I racked up lots of credit card debt going through college and graduate school. I have always been able to make miniumum payments and still had good credit. I now have $60,000 in credit card debt, $30,000 in school loans, and I had just bought a new car two years ago. I don’t make very much money so ... Read More »

                    Debt Settlement Companies and Associations Hiring Washington Lobbyists to Persuade Congress

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                    An article in The Hill talks about how the Debt Settlement industry is now hiring lobbyists to meet with members of Congress in order to make their case to continue to exist. Many states and the Federal Trade Commission have reloaded their regulatory shotguns and taken aim at rogue debt settlement companies in the past few years in hopes of ... Read More »

                      Credit Card Interest Rate Reduction Scam Closed

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                      At the request of the Federal Trade Commission, a U.S. district court judge has imposed a telemarketing ban on a Canadian operation that targeted U.S. consumers with false claims that it could reduce their credit card interest rates. The court entered a permanent injunction that puts the defendants out of the telemarketing business and also bars them from misrepresenting that ... Read More »

                        Debt Settlement Company Success Rate Made Public – Sucks

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                        Nationwide Asset Services, a company under investigation by the New York Attorney General, has disclosed that while Nationwide Asset Services promised consumers debt reductions of between 25 to 45 percent, in fact only 64 customers out of 1,981 actually completed the debt settlement plan. This means that 97% of people that enrolled in the debt settlement program not only did ... Read More »

                          Buying a Snuggie or Something From an Infomercial Can Get Your Credit Card Cancelled.

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                          With banks hunting with a vengeance for any available reason to raise interest rates or snap back a credit card from a customer that might cause them a loss, the data mining of what and where you buy is becoming a critical key to watch. The behavior of purchasers can indicate that a cardholder may be headed for a default. ... Read More »

                            Should We Stop Using Credit Cards Altogether in America?

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                            An interesting story on Marketplace about the possibility of living a life without the use of credit cards in the America. Listen to story online. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Get Out of Debt Guy – Twitter, G+, Facebook Read More »

                              Solar Power Production – July 8, 2009

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                              This post is part of an update on solar power production at my house after the installation of solar panels and other efforts to reduce power consumption. You can read more about the project here.   Total Power Produced: 16.63 kWh Weather: Sunny and then partly cloudy midday. The chart shows the problem that I currently have in the afternoon ... Read More »

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