Friday, May 29, 2020
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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.

Doctors and Nurses Have Pay Slashed While Fighting Coronavirus to Save Your Life

Emergency room doctors and nurses many of whom are dealing with an onslaught of coronavirus patients and shortages of protective equipment — are now finding out that their compensation is getting cut. Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals postpone elective procedures and non-coronavirus ... Read More »

Student Loan Assistance Marketers Already Making Outbound Calls Using Coronavirus Sales Pitch

It seems some student loan assistance companies are already charging ahead trying to leverage the coronavirus crisis. The recorded message below was sent in by a friend and seems to me to be attempting to use the current crisis to generate calls. I cut the number out. What the message does not make clear is the difference in assistance ... Read More »

Student Loan Debt Relief Companies Agree to Settle FTC Charges They Falsely Promised to Lower or Eliminate Consumers’ Student Loans

Defendants allegedly charged illegal upfront fees and failed to disclose they paid consumers for positive BBB reviews Three California-based student loan debt relief companies and their owner have agreed to be permanently banned from the debt relief business in order to settle Federal Trade Commission charges that they falsely promised to lower or eliminate consumers’ student loans in return for ... Read More »

Should I Use Finance Solutions to Reduce My Payments?

Question: Dear Steve, I have a some credit card debt I would like consolidate to reduce my payments. As of now I have never paid late, but it’s now harder and harder for me to make the minimum payments. I have about $16,700 in credit card debt and monthly payments for all card is close to $800. I spoke to ... Read More »

Should I Even Make Payments on a Loan From MyRichUncle?

Question: Dear Steve, I got a student loan from MyRichUncle. After graduating I received information on all of my student loans but not MyRichUncle and didn’t think anything of it. A few years later I pulled my credit report and there was passed due payments for younomics. This was my MyRichUncle loan. I also found out that the information for ... Read More »

FTC Returns More than $3.1 Million to Victims of Student Loan Debt Relief and Credit Repair Scheme

The Federal Trade Commission is mailing checks totaling more than $3.1 million to consumers who were victims of a student loan debt relief and credit repair scheme.   Strategic Student Solutions (also doing business under other names) and its owner, Dave Green, settled FTC allegations that they charged consumers illegal upfront fees and falsely promised to reduce their student loan ... Read More »

We Tracked the Last Time the Government Bailed Out the Economy. Here’s What to Know About the $1 Trillion Coronavirus Plan.

Never in U.S. history has there been a moment like this: Trillion-dollar proposals are pouring forth from Capitol Hill in a mad bid to save the economy from the ravages of a pandemic. On the other hand, 2008, when toxic mortgage assets made “bailout” a political buzzword, wasn’t so long ago. Back then, Congress, to revive a financial system paralyzed ... Read More »