Thursday, July 16, 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.

More Than Half of Americans Can’t Cover a $1,000 Emergency with Savings

LendingTree released its survey on how Americans would pay for an emergency expense and how they’ve paid for them in the past. The survey found that more than half of Americans can’t cover a $1,000 emergency with savings. Only 48 percent of Americans say they could handle a $1,000 emergency expense using cash or savings in their bank accounts. Tapping ... Read More »

Reduce Living Expenses With Non-Traditional Housing

You work, you save, and you diligently follow a budget. You pride yourself in the frugal lifestyle that your family has adopted. But no matter how tightly you manage your finances, your single biggest expenditure is related to housing, including rent or mortgage, homeowner’s insurance, real estate taxes, repairs and maintenance, and utilities such as heating and cooling, electricity, water, ... Read More »

Spread the word about charity fraud

Recently the FTC, the National Association of State Charities Officials (NASCO), and state charity regulators are joining forces with regulators from across the world to participate in the first International Charity Fraud Awareness Week. It’s extremely important to raise awareness about charity scams to help ensure that donors’ hard-earned money goes to the worthy causes they seek to support, not ... Read More »

4 Costly Reasons to Declutter Your Life

I have always thought of myself as a frugal person, both by nature and necessity. My husband and I married young, with several years of college still looming ahead of us. We struggled to pay tuition and bills while cobbling together part-time jobs with hours that were flexible to our class schedules. We were barely (and occasionally not even) making ... Read More »

I Went to the Hospital and Was Sent to Collections

Question: Dear Steve, I was hospitalized a couple times and had insurance but they still sent me to collections, so, I have 3 open accounts with Sequoia Financial services. I’m wondering the best way to get it off my credit history as I’m barely getting stable and have a job that doesn’t pay well. What do I do? I also ... Read More »

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 »