Monday, September 23, 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.

I Registered for College But Did Not Attend. They Still Want Me to Pay.

Question: Dear Steve, I attended my freshman year at South Eastern University, I then left the school for 1 1/2 years for military obligation. I returned and registered for a semester but did not attend. I never stepped foot on campus nor did I attempt any coursework. I am now trying to obtain my transcript to attend another university but ... Read More »

FTC Halts Purveyors of Sham Health Insurance Plans

Florida-based Simple Health Plans LLC Has Collected More than $100 Million With Deceptive Scheme Targeting Americans in Need of Coverage At the request of the Federal Trade Commission, a federal judge temporarily shut down a Florida-based operation that allegedly collected more than $100 million by preying on Americans in search of health insurance, selling these consumers worthless plans that left ... Read More »

Universal American Mortgage Company LLC (UAMC) Agrees to Pay $13.2 Million to Resolve False Claims Act Allegations Related to Loan Guarantees

Universal American Mortgage Company LLC (UAMC) has agreed to pay the United States $13.2 million to resolve allegations that it violated the False Claims Act by falsely certifying that it complied with Federal Housing Administration (FHA) mortgage insurance requirements in connection with certain loans, the Department of Justice announced today.  UAMC is a mortgage lender headquartered in Miami, Florida. “Mortgage ... Read More »

Can I File Bankruptcy and Get My Transcript for My University?

Question: Dear Steve, I owe university, need my official transcripts to apply for a professional license. University has sent the debt to collection agency. After my bankruptcy is filed/discharged will the school have to release my official transcript and actual diploma? Pamela Answer: Dear Pamela, If the debt is owed to the school directly, then yes. The bankruptcy will clear ... Read More »

Steering clear of vehicle history report scams

The FTC has been hearing about a new scam targeting people who are selling their cars online. They’re getting calls or texts from people who claim to be interested in buying the car – but first want to see a car history report. They ask the seller to get the report from a specific website, where the seller needs to ... Read More »

Immigration help – watch your step

If you’re looking for immigration help, you might run across what look like government websites – but are actually from companies pretending to be part of the U.S. government. The FTC’s recent settlement  has some lessons on how to protect yourself.   What’s the settlement about? Forms Direct, Inc., also known as American Immigration Center, set up websites that looked like ... Read More »

Inheriting a Spouse’s Debts

My question is about each married individual’s responsibility in case of the death of the other. I will use my husband and I as an example. We have separate bank accounts, separate loans, and separate credit cards except for our heating utility company. Our marriage is the second for each of us. While I have established a very good credit ... Read More »

Scammers demand gift cards

Gift cards are a great way to give a gift. But did you know they are also a scammer’s favorite way to steal money? According to the FTC’s new Data Spotlight, more scammers are demanding payment with a gift card than ever before – a whopping 270 percent increase since 2015. Gift cards are for gifts, not for payments. If ... Read More »

Will Background Check Errors Deny You a Home?

A background check can determine if you can get credit, a job, or even a place to live. That’s why the law requires businesses that provide these reports have reasonable procedures to ensure the information they collect and share about you is accurate. In a recent lawsuit, the FTC says a company named RealPage did not meet this requirement. RealPage ... Read More »

How to Tell the Difference Between a Legitimate Debt Collector and Scammers


Dealing with debt collection issues can be challenging—especially when you’re not sure if the person you’re being contacted by is legitimate or trying to scam you. When an account like a credit card, auto loan, or cell phone bill becomes past due, the original creditor may attempt to collect the amount owed. The creditor may also hire a debt collector ... Read More »