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.

Do This When a Company Won’t Respond to Your Complaint

Have you ever tried to resolve a dispute with a corporate entity: a bank, a car rental agency, a credit card company? How did it turn out? Most times–I’m guessing–you just gave up without getting your problem solved. A couple of years ago, Chase Bank flagged a fraudulent transfer out of my checking account. Three thousand dollars of my money …

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Should We Refinance Out Mortgage and HELOC to Pay Down Debt?

Question: Dear Steve, We have 12 yrs left on our 1st TD. It’s an ARM with a current rate of 2.75% and adjusts annually in June. We also have a HELOC with the entire 50k balance due as a balloon payment in 2023, interest-only payments at 4.5% until then. We presently have a fair credit score (650-670) and >50% LTV …

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My Mother Died with a HELOC Balloon Payment Due

Question: Dear Steve, My mother has severe Alzheimer’s, and I am her legal Guardian. When she was starting to get Alzheimer’s, she charged up her credit card to the point that it would have never been paid off. When I found out about it, I decided not to spend all her money to pay for it as I had to …

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U.S. Asset Management is Suing Me Over Old Private Student Loans

Question: Dear Steve, I owe close to $40,000 in private student loan debt. The interests rates are 10% or more on some. The payments are way too high for me to make. I stopped paying in 2016. I am getting letters in the mail from U.S. Asset Management through the court of common pleas in Ohio. I believe it is …

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USA Student Loans – Consumer Complaint – October 7, 2021

Consumer Statement: I had USA Student Loans assist with loan consolidation, which they did accomplish. They promised that they were assisting in setting me up in the Student Loan Forgiveness Program, which they did not do. They did change payments to an income-based repayment plan, which is part of the requirement to approach loan forgiveness. At the time I was …

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Public Service Loan Forgiveness Get Big Boost Towards Delivering Promises

The Public Service Loan Forgiveness federal student loan forgiveness program was designed to attract good people into lower-paying fields that serve the public good. These fields include teachers, firefighters, law enforcement, military, low-income medical care, etc. While the program was created by President Bush, it was all but gutted under President Trump. People that embarked in fields and careers on …

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The Crimes of Daniel Rosen (Credit Repair Cloud)

[The opinions expressed in this guest post are those of the author. They do not purport to reflect the opinions or views of anyone else. If you would like to submit a guest post as well, click here.] For those who don’t feel like Daniel Rosen (Credit Repair Cloud) has done anything wrong and is just being bullied by the …

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Millions of Americans are Going to Die Poor

[The opinions expressed in this guest post are those of the author. They do not purport to reflect the opinions or views of anyone else. If you would like to submit a guest post as well, click here.] About six months ago, I received a letter from the Social Security Administration informing me that it had miscalculated the amount of …

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Is Litigation Practice Group for Real?

Question: Dear Steve, Is the Litigation Practice Group for real? They have me in a debt verification program. This company tried to dispute my debt with discover. And the creditor came back saying the debt was valid. So I’m paying them $385 a month. That will be $9,200 for two years. I think the company is a scam? Can I …

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