Thursday, March 21, 2019
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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.

What Happens to My Debts When I Die?

The death of a loved one is always a difficult situation for anyone to go through. However, what many people do not understand is that the difficulties of losing a loved one can become financially hard beyond the funeral expenses. This is especially true when it comes to the debt of the deceased. Many of Us Leave Behind Debt According ... Read More »

Car Loan: How Does It Work?

Ownership of a car is not something that is only limited to the necessity of transportation. A car also acts as a symbol of social status for a person, and it takes a lot of efforts to find the perfect car for an individual. You have found the car that you need to purchase and are ready to purchase it ... Read More »

Father and Son Charged with Multi-Million Dollar Investment Fraud and Bank Fraud Scheme

Two men—father and son— were charged today with concocting a scheme that allegedly defrauded individual investors out of millions of dollars and obtained over $900,000 in loans from Alamerica Bank, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, U.S. Attorney Jay E. Town of the Northern District of Alabama, FBI Special Agent in Charge Johnnie ... Read More »

Department of Education Seems to Think Student Loan Forgiveness is Optional

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The Department of Education Borrower Defense to Repayment has officially gone from being a blessing to a joke and now to essentially lights out. Education Secretary Betsy DeVos has made it clear that she feels forgiving federal student loans for students who are victims of school fraud is wasteful. She’s said, “all one had to do was raise his or ... Read More »

Brookstone Law Receiver Update With Summary Judgment Against Jeremy Foti and Charles Marshall

Victims of the Brookstone Law mortgage scam have an update from the Receiver. “The Court granted the FTC’s Motion for Summary Judgment against Jeremy Foti and Charles Marshall, which includes a permanent ban on participation with secured or unsecured debt relief products and services. Monetary Judgments were entered against Jeremy Foti for $18,146,866.34 and Charles Marshall for $1,784,022.61. Both have ... Read More »

Home Renovations That Can Backfire During a Probate Sale

Probate sales are very common, especially in areas like Michigan. When a beneficiary gets a house in probate, they usually sell it either because they don’t live in the area or because they need to utilize funds from selling. However, the probate process takes time, making it a bit difficult to find the right buyer for the house, especially in ... Read More »

Remaining Operators of Student Debt Relief Scheme Settle FTC Charges

The operators of a Los Angeles-based student loan and mortgage debt relief operation have agreed to settle Federal Trade Commission charges that they bilked millions of dollars out of consumers by falsely claiming to be affiliated with the federal government. The agreed judgment amount against the Defendants was $9,131,712. The defendants, A1 DocPrep Inc., Steamlined Marketing, and their owner, Homan ... Read More »

FTC Halts Deceptive Student Debt Relief Scheme that Bilked Consumers out of Millions

Operators charged illegal upfront fees and falsely promised to reduce or eliminate consumers’ student loan debt The Federal Trade Commission alleged that a California-based student debt relief scheme bilked consumers out of millions of dollars using false promises that they could reduce their monthly payments, or eliminate or reduce their student loan debt. A federal court temporarily halted the scheme ... Read More »

Fake Promises Offer No Sight of (Debt) Relief

An offer of reduced monthly payments — or complete forgiveness — on your student loan may make you want to sign up…and exhale. Unfortunately, though, some of those programs wind up costing you hundreds or thousands of dollars for nothing in return. What’s more, you could’ve gotten real help for free. Impetus Enterprise, Inc. and related defendants made such promises, ... Read More »