Monday, May 20, 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.

The lead-generation bait-and-switch

You’ve probably shared your contact information online to, say, get details about a job opening. Usually, that’s fine. But sometimes you might be looking for one thing and wind up getting something else – like calls about stuff you never asked for or wanted. Lead generators are companies that collect your contact information, then sell it to marketers who use ... Read More »

Jumpstart your savings with Start Small, Save Up

National Tax Day was April 15. For many Americans, their tax refund is one of the biggest checks they’ll receive all year. If you received a tax refund, consider setting some of it aside as savings. Sometimes “life happens,” so having a rainy day fund to cover unexpected expenses throughout the year may help you breathe a little easier. If ... Read More »

A no-cost way to prepare your credit for a big purchase

Thinking about buying a house, car, or other big ticket item, and know you’ll be using credit? Before making a big purchase, your first step should be to take a look at all of your finances. Check out these five steps to prepare your finances that won’t cost you a penny. 1. Take advantage of your free annual credit reports. ... Read More »

SSA imposters top IRS in consumer loss reports

Have you gotten calls about supposed problems with your Social Security number from callers pretending they’re with the Social Security Administration (SSA)? If so, you’re not alone. Our latest Data Spotlight finds that reports about SSA imposters are surging, while reports about IRS imposters have taken a dive. As the Spotlight puts it, “In the shady world of government imposters, ... Read More »

FTC Charges Telemarketing Operation with Misleading Job Seekers and Making Millions of Illegal, Unsolicited Calls

Alleges defendants make unsolicited calls about educational programs to consumers who submitted their contact information to job and benefits websites The Federal Trade Commission has charged a telemarketing operation and its owners with making millions of illegal, unsolicited calls about educational programs to consumers who submitted their contact information to websites promising help with job searches, public benefits, and other ... Read More »

Online Lending Company Agrees to Settle FTC Charges It Engaged in Deceptive and Unfair Loan Servicing Practices

Avant to pay $3.85 million for harming thousands of consumers Avant, LLC, an online lending company, has agreed to settle the Federal Trade Commission’s charges that it engaged in deceptive and unfair loan servicing practices, such as imposing unauthorized charges on consumers’ accounts and unlawfully requiring consumers to consent to automatic payments from their bank accounts. “We have alleged that ... Read More »

Ask a health professional before popping that pill

When I was young, I wanted the shoes that would make me run faster and jump higher. Now, I wish my brain would run a little faster when I can’t remember my account passwords. Unfortunately, some shady outfits have been trying to “help” people like me by making some mind-blowing claims to sell their dietary supplements. The FTC just settled ... Read More »

Financial tips for 2019 graduates

Congratulations students and parents! It won’t be long before young people across the country will put on their caps and gowns to celebrate their graduations. Many graduation speakers offer advice, some based on their own life experiences. The FTC has some practical advice to offer, too. April is Financial Literacy Month and a great time to start planning for your ... Read More »

Online lending company broke the law. FTC counts the ways.

If you need to borrow money to consolidate credit card debt, make home or auto repairs, or pay other unexpected bills, a personal installment loan may be an option. Most personal loans are unsecured, meaning they don’t require collateral like a house or car, and typically have higher interest rates than secured loans. Paying a higher interest rate is one ... Read More »

Charity Scams Are Everywhere: How Can You Donate Safely?

When we see someone in need, it pulls at our heartstrings and we want to do anything we can to help them. That’s why charity scams are so devastatingly effective. You want to do something good for the world, but some greedy person is taking advantage of both you and the cause. These scams are sinister traps, but don’t worry, ... Read More »