Friday, January 21, 2022


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.

SoFi and LendingClub Have Very Different Days

Two new companies in the financial space, LendingClub and SoFi had very different days recently. It just goes to show you how quickly this new financial niche is moving. LendingClub Had a Bad Day LendingClub stormed onto the playing field as a peer-to-peer lender. In the early days, I was even one of the many people that help invest small …

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Payoff by Happy Money Mailer Review – Pros and Cons

A wonderful reader has sent in a mailer from Happy Money. I’ve written about their mailers before and I think the points I raised previously are still valid. As mailers go, this one seems better than others that appear to bait consumers with a loan and switch them into some debt relief program. Read this inside confession. The interest rates …

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A Deep Dive Into the Xact Loan Mailer. Scam or Blessing?

A wonderful reader sent in this mailer from Xact which is a great example of the type of advertising that always makes me want to know more. I admit the mailer is a bit blurry but the mailer alone was enough to start me digging. There were a few key phrases that made me want to know more. So What …

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Why It Costs Way Too Much to Go to College


During my years at the University of Houston, I parked my modest Honda in the faculty parking lot next to other modest cars driven by UH professors–mostly Hondas, Toyotas, Nissans, and Fords. Then I would walk through the parking lot reserved for administrators, and all the vehicles were luxury cars: Audis, Lexuses, BMWs, and expensive SUVs. Those cars reminded me …

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Placencia Healthcare System – Consumer Complaint January 11, 2022

Consumer Statement: We went to a presentation by Mr. Richard Chrysler who informed us of this Placencia Health Care System. He wanted us to invest and would payback in 5 years the investment with 12% compounded interest or we could keep shares in the company. It’s now 7 years and all the money is gone with no trace. Consumer Action …

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My Guide to Getting Out of Debt With Proven Methods and Smart Ideas

The highly respected and well-regarded financial expert Ray Dalio had published a video back in 2018 about his Principals for Success. What utterly amazed me was how much he says also applies to people trying to get out of debt or dealing with bad debt. I’ve embedded the video above, but here are the key messages in the video that …

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Debt Collection Company and Its Owners Knowingly Used Third-Party Collectors that Engaged in Unlawful and Deceptive Tactics

The Consumer Financial Protection Bureau (CFPB) today sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices. The Bureau alleges that the defendants placed consumer debt with, or sold consumer debt to, collection companies that used unlawful and deceptive collection tactics. The defendants …

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Placencia Healthcare System – Consumer Complaint – January 10, 2022

Consumer Statement: We were introduced to former Congressman Richard Chrysler and his friend Forrest Bledsoe. Chrysler is also a neighbor and had this great opportunity, to invest in the Placencia International Airport here in Belize ( See Marco Caruso) he reassured us that the airport was a great investment and that he had invested with others and if we wanted …

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My Easy Guide to Getting Started Investing in Cryptocurrency With Low Risk


Recently I started to get into seriously investigating investing in cryptocurrencies. But, like many others, I steered clear from crypto while I figured it out. There is no doubt that digital currency not backed by any particular government is hard to wrap your head around. So, what value can it have? It is the same value assigned to any asset, …

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