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Home > Author Archives: Steve Rhode (page 8)

Author Archives: Steve Rhode

Most Prefer to Deal with Debt Online. So Why Can’t They?

crystal ball

While this news comes out of England, it is as equally true here in the U.S., in my opinion. I’ve always been amazed that someone has not developed a completely automated online system to help people interface with their creditors, manage their money and help them invest. This sort of solution would also help to drive down the cost of ... Read More »

    I’m a Single Mom and Struggling with Student Loans and Childcare

    broken piggybank with dollar notes

    Question: Dear Steve, I am a single mom of two and I have about 67k in student loan debt. I cannot afford to pay my student loans after trying to work 2 and 3 jobs just to take care of my children. I don’t have anyone to help me. The payments are high, even with the income based repayment plan. ... Read More »

      Pullin Law Another Victim in Connecticut

      Oops! What Is It?

      Yesterday I bitched about being surprised debt relief companies keep selling without a license in Connecticut and today comes another example made public by the State Department of Banking. WHEREAS, Allan Pullin is an individual who is not licensed to practice law in Connecticut, is not licensed as a debt negotiator in Connecticut, and has a place of business located ... Read More »

        DOJ Holds Mortgage Company Accountable for Unreasonable Loans

        Department of Justice DOJ

        Franklin American Mortgage Company has agreed to pay the United States $70 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today. Franklin American is headquartered ... Read More »

          Making More Money Drives Up My Student Loan Payments

          stressed man

          Question: Dear Steve, I owe like 50k or more in student loans that I will never be able to pay. I graduated in 1997 and have been able for various reasons to defer with different programs until recently. I guess laws changed. My loans are with Granite State. I am setup on income based payments. I am married, with one ... Read More »

            Aissac Aiono Opens New Law Office – Seila Law

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            Aissac Aiono, who was previously associated with the Williamson Law Firm that was allegedly providing services or support for Morgan Drexen and/or Howard Law, has opened a new law office in Kansas City, Missouri. In this solo practice Mr. Aiono says he is providing assistance with personal injury, medical malpractice, consumer debt defense, child custory, bankruptcy, criminal defense, and DUI ... Read More »

              Compliance Audit Group Grabs Connecticut Attention

              punched-in-face different

              It what seems like a broken record, I still can’t believe debt relief companies are selling to Connecticut residents, or ever sold to them without being registered. The Connecticut Department of Banking takes these issues seriously. Todays lesson on this comes courtesy of the Compliance Audit Group. The irony here is Compliance Audit Group referred to themselves as “America’s leading ... Read More »

                Helping America Group – Apples and Oranges

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                A reader asked me to look at a couple of help wanted ads after my article this morning wanting to know who the American company was that was moving debt relief jobs to Panama. See this article. The ads say an American company, Helping America Group is looking to hire people in their Panama City, Panama call center. But here ... Read More »

                  Can I Just Let My Private Student Loans Expire and Say Goodbye?

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                  Question: Dear Steve, I owe 104K in private loans. I think I have 8. One of the loans has a cosigner. If I quit paying my loans and still continue to pay the one with the cosigner. I am to the point where I can’t afford to live. I have a good job but can’t get ahead. Is it possible ... Read More »

                    Life Financial Planning Debt Relief Offer – I’m Calling Bullshit

                    life financial planning mailer

                    An amazing reader, BillKal, sent in a new debt relief mailer through my I Buy Junk Mail program. The offer says it is from a 501(c)(3) nonprofit company, Life Financial Planning, a non-profit corporation, at 575 Menlo Drive, #1, Rocklin, CA 95765. That happens to be the same address used by another company that appeared in one of my stories ... Read More »

                      Telemarketing Sales Rule Changes Impact Debt Relief Companies

                      Check - Bad

                      The Federal Trade Commission is rolling out new changes to the Telemarketing Sales Rule which can impact debt relief companies. The last big update to the Telemarketing Sales Rule (TSR) significantly hit the debt relief industry and wound up closing down a number of debt settlement operations who were collecting advance fees. The TSR is intended to fundamentally be an ... Read More »

                        Can I Not Pay My Private Student Loan With a Cosigner?

                        Businesswoman does the questions

                        Question: Dear Steve, I paid my undergraduate degree completely in loans, some federal, most private. The private loan companies include: Discover student loans and Wells Fargo. My loans are sum total of 70,000. I want to go back to graduate school but I’m terrified of getting into more loans. What do you suggest for lenders who have cosigners? Claiming bankruptcy ... Read More »

                          Yellow Book Invoice Scam Resurfaces Again

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                          At the Federal Trade Commission’s request, a federal court has banned Robert Ray Law and his company, CPU Service Incorporated (CPU) from sending unsolicited direct mail to advertise or promote goods or services, imposed a judgment of almost $400,000, and required them to immediately pay $45,000. In July 2014, the FTC charged Law and Your Yellow Book Inc. (YYB) with ... Read More »

                            FTC Halts Bogus Envelope-Stuffing Scam

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                            At the Federal Trade Commission’s request, a federal court has halted a nationwide work-at-home scam that took more than $7 million from tens of thousands of consumers. The defendants allegedly lured consumers with false claims that they could earn up to $5,000 or more in weekly income by stuffing and mailing “special advertising letters” from home. According to the FTC’s ... Read More »

                              Practical Debt Relief Learns the Connecticut Lesson

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                              I don’t know why debt relief companies don’t learn the lesson that Connecticut is a tough SOB state when it comes to debt relief issues. If a company allows someone to complain to the State rather than just giving a full refund and exceptional customer service, they get slapped by Connecticut. This happens over and over again. The latest company ... Read More »

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