Tuesday, August 11, 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.

How Do I Get Any Value Out of My Art Institute Classes?

Question: Dear Steve, I attended 2 campuses for the Art Institutes of California, the Orange County and San Diego campuses from 2005-2010. When I began enrollment I was told the school was not accredited. However, I was told by multiple faculty members before enrolling, and when I transferred, that they were working towards their accreditation and should have it on ... Read More »

I’m Out of Work, In Debt, and Want My Good Credit Back

Question: Dear Steve, I am 47 yrs old. I had an excellent 30-year credit report with the only ding a short sale of my home during the 2009 recession. My dad got cancer and I took time off work to help him. My debt to income ratio not working made me unlendable. I have around $75k unsecured debt and my ... Read More »

Flushing Money Down the Toilet: Income-Based Repayment Plans for Student Debtors

Congress has been dropping “helicopter money” into the national economy–adding significantly to the national debt, which now exceeds $25 trillion. That’s a lot of money for our grandchildren to pay back. My own grandkids are ambivalent about this situation. My four-year-old says he thinks he can do it if his dad will increase his allowance, but my six-year-old doesn’t think ... Read More »

Mortgage Company Settles With CFPB Over Accidental Foreclosures

Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. The consent order requires SLS to pay $1.275 million in monetary relief to consumers in the form of redress and waiver of borrower deficiencies, pay ... Read More »

Canadian Bank Scam Letter Will Fool Some For Sure

Even I get junk mail from scammers. This time it was a little different. A letter was mailed from Canada with the return address of 11 King Street W, Toronto, Ontario M5H 4C7. The letter claims to be from a frustrated bank employee who is willing to bend the rules to split $7.8 Million in inheritance. Interestingly the letter never ... Read More »

Should I Stop Dealing With Century Law Firm?

Question: Dear Steve, Current Century Law Firm client. Signed up in 2016 and have made all my payments in full (with the exception of three partial payments agreed upon with company) to date. Four accounts have been settled and paid in full. Two accounts have been settled and payments are being made. One account left to settle. My completion date ... Read More »

What is Going On With Vantage Acceptance?

Question: Dear Steve, Does anyone know why Vantage Acceptance is not accepting new clients? Maybe there is some law enforcement action that isn’t public yet? https://vantageacceptance.com/ Ella Answer: Dear Ella, As you stated, the Vantage Acceptance website does say, “We are not accepting new applications.” They continue to list their business address as 5950 Canoga Avenue, Suite 300, Woodland Hills, ... Read More »