Thursday, August 6, 2020
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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.

My School Closed Because the President Was Stealing From It

Question: Dear Steve, I went to Hallmark Institute of Photography, took out almost 80K in student loans from both Granite State and Sallie Mae. Maybe 6 months after I finished the program (10 month accelerated photography program supposed to equal a bachelors degree) the school closed due to the president being caught embezzling 2.6 million for personal use, come to ... Read More »

I Don’t Like the Loan Modification Program My Daughter is In

Question: Dear Steve, My daughter enrolled in a loan modification program about 5 months ago. She is still being garnished as well as paying the required monthly fee. Every month they request copies for documents already received. Is this a ploy to continue garnishment, and what can she do legally? Wanda Answer: Dear Wanda, Thanks for being a good mom ... Read More »

How Can I Break My Brooklyn College Transcript Out of Jail?

Question: Dear Steve, I have 110 credits at Brooklyn College but can’t get my transcripts released due to owing 10,000 (due to health problems!). They sent it to a collection agency, so I can’t even do a payment plan. What do you advise? Should I fight the actual debt and pay a lawyer, would filing for bankruptcy help? Thanks, Naf ... Read More »

19 Practical Ways You Can Save Money in 2019

Amazingly, 2019 is nearly upon us. As you scramble to finish your holiday shopping and eventually stop to ponder your New Year’s Resolutions, there’s a good chance money will be on your mind a lot over the next few weeks. Moreover, you may be wondering how you can save money not just in 2019 but well beyond. Luckily, after another ... Read More »

Netflix phishing scam: Don’t take the bait

Phishing is when someone uses fake emails or texts to get you to share valuable personal information – like account numbers, Social Security numbers, or your login IDs and passwords. Scammers use your information to steal your money, your identity, or both. They also use phishing emails to get access to your computer or network. If you click on a ... Read More »

College test prep scams are happening

Recently, we heard about scams targeting parents of high school students preparing for college. The scammers claim to be from The College Board – the organization responsible for the PSAT and SAT tests. They call or email you, asking for credit card numbers so they can send PSAT prep materials that the student has supposedly requested. Often the scammers have ... Read More »

This is what a Social Security scam sounds like

Earlier this month, we told you about a growing scam: people pretend to be from the Social Security Administration (SSA) and try to get your Social Security number or your money. That scam is now growing exponentially. To compare: in 2017, we heard from 3,200 people about SSA imposter scams, and those people reported losing nearly $210,000. So far THIS ... Read More »

Your Private Student Loan May be Able to be Rehabilitated – Soon

Student loan rehabilitation is a process that has been limited to federal student loans. This allows the borrower a one-time opportunity to make a series of agreed-upon payments to bring a defaulted loan into good standing again. It has been a good tool to use to prevent federal student loan debtors from falling entirely off the cliff into default. Like ... Read More »

Your God Loves Debtors

So many people tell me about how ashamed they feel about their financial problems. They feel like losers, cheats or just bad people for not being able to honor their repayment promises. It is truly unfortunate that people find themselves in money trouble with debt casting a huge black shadow over their life as far as they can see. But ... Read More »

Career Education Corporation Student Loan Debt Forgiven

North Carolina Attorney General Josh Stein announced a $493.7 million multi-state settlement with for-profit education company Career Education Corp. (CEC). In a settlement with 49 states, including North Carolina, CEC has agreed to reform its recruiting and enrollment practices and forgo collection debts 179,529 students owe nationally. In North Carolina, 4,738 students will receive approximately $9,235,669 in debt relief. CEC ... Read More »