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Home > Author Archives: Steve Rhode (page 70)

Author Archives: Steve Rhode

I Want to Sue World Law Group for Doing Nothing but Getting Me Sued by Discover. – Sherrie

angry woman

“Dear Steve, I was contacted by World Law Group 10 months ago when I was struggling to make payments on my credit cards as I was returning to school to obtain my masters Degree as a Family Nurse Practitioner. I was told that due to the reason for my pay being cut that i qualified for this offer due to ... Read More »

    Filed Bankruptcy to Avoid Eviction. Can I Get it Off My Credit Report? – Shawnale

    Why?

    “Dear Steve, I followed expensive advice from attorney that I could stay and fight a no-reason eviction from an apartment I paid rent on time 2 years. I had grown attached and did a lot of maintenance there and was lead to believe I could stall moving out for months. I filed three months straight, allowing dismissal because I don’t ... Read More »

      I Need Immediate Help With My Wells Fargo Private Student Loan. – Jenny

      worried

      “Dear Steve, I need help IMMEDIATELY PLEASE! My mother had no knowledge of how to apply for a Wells Fargo loan and when they asked who the loan was for, she put my name, which somehow made me a cosigner. After I graduated they paid on this loan until they had to file for bankruptcy…for reasons not their doing… and ... Read More »

        AFCC Releases Report Praising Debt Settlement But There Are Big Holes

        Screen Shot 2013-04-30 at 2.12.24 PM

        The American Fair credit Council (AFCC) recently released a couple of documents they hoped would persuade people about the value of debt settlement. I was asked to review the findings in the documents and offer my opinion. The first presentation is one that was supposedly given to the Federal Trade Commission and Consumer Financial Protection Bureau, at least judging from ... Read More »

          The Primary Card Holder Died and We Kept Using the Card as Authorized Users. – Craig

          oops

          “Dear Steve, My wife’s mother died in 2006. My wife is an authorized user on one of her mother’s credit cards. We did not notify the credit card company of my wife’s mother’s death in 2006. We simply assumed the debt on the card, took over making payments on the card as agreed, and have even used the card on ... Read More »

            My Motorcycle Was Stolen and Insurance Didn’t Pay. – Kim

            motorcycle

            “Dear Steve, I bought my first bike back in 2007. I was moving from the east coast of Florida to Gainesville so I went in to get the bike covered with insurance. This was my first time getting insurance by myself for anything, I was 19/20 at the time. My bike was stolen in Gainesville and when I make the ... Read More »

              If I Kill Myself Will Sallie Mae Take My Life Insurance Money to Pay the Student Loans? – Sam

              Desperate

              “Dear Steve, Took out student loans at 8.5 % interest rate in middle 90’s to enable me to get Bachelors degree to be a teacher, have been making payments off and on since depending upon if I could afford them or not. Have used up all forbearances, etc…options, and am currently in about month 6 of a year long income ... Read More »

                How Does Advocate Credit Attorneys Work to Eliminate My Debt? – Richard

                Drive Carefully

                “Dear Steve, I have 8 credit cards that I would either like to combine payments(consolidate) to reduce my total monthly payments and also lower or reduce the monthly interest. Better yet, I would like to explore sometype of lump sum settlement with some of them at a lesser amount than is owed(cents on the dollar) to reduce my debts. Why, ... Read More »

                  Consumers Alliance Processing Wants Me Backdate Texas Agreement. Is That Legal?

                  caution

                  “Dear Steve, 3 years ago I enrolled in Consumer Alliance Protection Processing management program. I’ve been paying regularly and have not had any failures on my end to pay monthly. Today I got a letter stating that they were sending me a “Updated Contract” approved by the state of Texas. They say “We are in the process of updating our ... Read More »

                    How Do I Take Care of The Two Old Debts on My Credit Report? – Alexandra

                    help woman

                    “Dear Steve, I used to have a Chase Credit Card for $500. I haven’t used it since 2008 and because of some problems and no money at that time couldn’t afford to pay it out ($331). Now I got stuck with this credit card reporting each month on my Credit history as a collection. Also I have a medical Collection ... Read More »

                      We Are Working Through Lloyd Ward to Resolve Our Debt But Have a Problem With CACH. – Melanie

                      closeup of a gavel on cash, from above

                      “Dear Steve, A few years ago, I maxxed out a credit card through HSBC Bank. Up until this past November, I had been paying $100 per month, as agreed to in a phone conversation with Midland Management. Even though I had requested several times for them to send me a copy of the debt owed and payment agreement, they never ... Read More »

                        American Express Says They Will Issued 1099-C Personally on Corporate Card. – Roger

                        credit card verification

                        “Dear Steve, I have a client that has a business card with American Express. It was totally used for business, a corporation. His business is in really bad shape. He, however, is the guarantor of the card. He would like to do a settlement however Amex says they will have to issue him a 1099C individually. My client protests as ... Read More »

                          Debt Collection Companies Still Think Debt Settlement Offers Are Too Low

                          Persolvo-610x406

                          A tipster (send in your tips here) pointed out to me an article in insideARM today that talks about why about half of debt collection companies do not yet work with debt settlement companies. “The second most interesting data point to emerge was only one of the top six reasons for not working with debt settlement providers related to the ... Read More »

                            Bankruptcy Filings Drop Ending March, 2013. Less Need for Debt Help.

                            news1

                            The latest bankruptcy filing numbers are out for the twelve month period ending March, 2013. In March there were 804,885 chapter 7 bankruptcy filings and 355,081 chapter 13 filings. For a total of 1,159,966. In comparison, in the twelve month period that ended March, 2012 there were 958,757 chapter 7 bankruptcy filings and 396,175 chapter 13 bankruptcy filings. For a ... Read More »

                              NFCC Press Release Seems to Misrepresent Truth About Credit Counseling. But Why?

                              questions

                              The National Foundation for Credit Counseling sent out a press release today claiming their survey uncovered public misconceptions about credit counseling agencies. The press release listed five areas the NFCC felt consumers struggled with in knowing the truth about credit counseling. But some of the points the NFCC felt they needed to clarify appear to actually misrepresent the truth to ... Read More »

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