Friday, April 10, 2020
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Money

Have you ever noticed that when people say not to worry about money it usually means they’ve got a lot and you don’t? Here at the Wake Forest News we take money seriously and cover the topic like nobody’s bidness.

My NJCLASS Student Loan Screwed Me Over and I’m Mad as Hell

Question: Dear Steve, I currently have $95K in debt with NJClass loans which I’ve been working diligently to pay off. My mother, my cosigner on the loan, went through bankruptcy 2013-2018. During this time, the loans were put on a “stay” period, where payments were not due but interest still increased. I also was not contacted at all during this ... Read More »

I Can’t Live With My Medical School Debt Anymore

Question: Dear Steve, Over the last 3 years, I have accumulated $105,000 in student loan debt. I was in medical school and took out student loans for tuition and cost of living. After some difficult events including divorce and long distance from my children which lead to depression. I withdrew after two years of the medical school program. I do ... Read More »

Should I be Concerned About the Credit9 Mailer I Just Got?

Question: Dear Steve, I have a low credit score and am looking at debt solutions. I just got an offer from Credit9 that sounds great, but it will involve me not paying accounts on time. This concerns me. Should I do it, or should I just put some lump sums toward the credit cards? Jim Answer: Dear Jim, There is ... Read More »

What Did I Just Sign With Lakeview Law Group and Titan Financial Group?

Question: Dear Steve, My question concerns debt consolidation. I contacted Titan Financial Group after receiving a letter from them. When I called they offered something called debt collateralization. On $19,027 consolidation I was offered a plan of 365 a month for 36 months on 3 credit cards. I met and signed paperwork Saturday April 4, 2020. I was surprised when ... Read More »

Are You Making Installment Payments to the IRS? You Can Stop for Now.

The IRS has announced some important adjustments to current policies to assist debtors with financial difficulties. My CPA tax guru friend Jim Buttonow told me “If a taxpayer is in an installment agreement with the IRS, they can suspend payments through July 15th. For the over 1 million taxpayers who have their payment directly debited from their account, they will ... Read More »

Should I Reach Out to Navient Because of Covid-19?

Question: Dear Steve, Been paying thousands Of dollars to a 7000 loan taken out in 1995. Now I owe over 40k because of deferment and interest. I had been paying up until last year when I hit hard times changing jobs. Finally I get back on my feet again paying my bills including 400 IRS payment per month and 1130 ... Read More »

Should I Bother Settling an Old Navient Private Student Loan?

Question: Dear Steve, I have a private student loan from Navient and it is long past the time that I can be sued. They have offered a settlement amount. My question is- if this Private student loan from Navient is never paid back, will the Social Security department hold my benefits at retirement until the debt is paid off? Bert ... Read More »