Sunday, October 20, 2019
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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.

Two Defendants Settle Allegations in ‘Money Now Funding’ Credit Card Charge Laundering Scheme

Two defendants charged with laundering millions of dollars in credit card charges through fraudulent merchant accounts have settled with the Federal Trade Commission. Under the proposed settlement order, the defendants, Nikolas Mihilli and Dynasty Merchants, LLC – a company created by Mihilli to launder fraudulent transactions – are prohibited from engaging in credit card laundering. They are also banned from ... Read More »

How to Calculate Deductions From Your Hourly Paycheck

Going from being a salaried worker to an hourly employee can be a huge adjustment, especially when you get your paycheck. You may notice that your earnings vary from one pay period to the next. It’s important to calculate your earnings so that you can budget your spending. How or when you choose to pay bills, either the middle or ... Read More »

Defendant in Fraudulent Business Coaching Scheme Settles with FTC

One of the defendants involved in MOBE, a massive internet marketing and business coaching scheme alleged to have bilked hundreds of millions of dollars from consumers worldwide, has agreed to settle with the Federal Trade Commission. In June 2018, the FTC charged the MOBE enterprise and three individuals with orchestrating the “My Online Business Education” program in violation of the ... Read More »

Is Medical Debt a Predictor of Auto Loan Debt?

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The Urban League has put out a great interactive tool that shows debt in America. When you look at the maps showing the most amount of different types of debts, there is a strong correlation between those parts of the country where medical or auto loan debt is higher than average. The darker the color, the higher the percentage of ... Read More »

Fake Calls About Your SSN

The FTC is getting reports about people pretending to be from the Social Security Administration (SSA) who are trying to get your Social Security number and even your money. In one version of the scam, the caller says your Social Security number has been linked to a crime (often, he says it happened in Texas) involving drugs or sending money ... Read More »

Navient Defense – “It Never Happened”

I had to laugh at the case filed by Simon Singh against Navient Solutions. Singh alleges Navient was calling him frequently in an attempt to collect on a debt. He says he was receiving multiple calls during a day and even though he told the Navient Collector he was the wrong person and did not owe Navient money, they continued ... Read More »

I’ve Been Settling My Debt and I’m Worried I Might Get a 1099-C

Question: Dear Steve, In 2013 I bought a house, which was wonderful but financially straining. I was living a very frugal life and getting by ok. In 2016, however, a situation happened at work where I ended up working extensive overtime hours for months at a time (without extra pay because I am salary) and it took a toll on ... Read More »

Contact Lens Seller Turns a Blind Eye to the Law

Cosmetic contacts lenses – also known as costume or decorative contact lenses – can change the way your eye looks without correcting your vision. While they may seem like just another fashion accessory, the fact is all contacts require a prescription. Anyone who sells you lenses without getting a copy of your prescription or verifying your prescription information with your prescriber ... Read More »