Tuesday, January 26, 2021

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.

No Gift Cards for Tech Support Scammers

Hey computer users, it’s time for a pop quiz. A) You get an urgent call or email from a tech support company, saying your computer has a problem. Should you give the company remote access to your computer to make repairs? B) A warning announcing “suspicious activity” or “security threat detected” appears on your computer screen. Should you call the …

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Saving for a House: Ideas From People Who Have Done It

Saving for a house can be a daunting task, but is one of adulthood’s most exciting milestones. You’re settling down into a new home, but you’re also giving up a large sum of your money in the process. So, how do you prepare for such an important purchase? The obvious thing to do is to put aside money from your …

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Google is NOT Calling You

Have you gotten a robocall at work, telling you that you have to take action or your Google business listing will be removed? Or maybe even marked as permanently closed? That kind of thing could be tough for a business — if the threat was real. But those calls are not legit—and not from Google. The FTC just filed a …

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Share Financial Information with Your Spouse Now to Avoid Problems Later

It’s common for couples to share their financial lives but not the responsibility for managing household finances. It might be time-consuming for both of you to review your bills, as well as spending and savings plans each month. But if responsibilities unexpectedly shift due to a sudden illness or loss of a spouse, getting up to speed quickly could be …

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7 Easy-To-Start Side Hustles Ideas You Might Not Have Thought Of

These days it seems like just about everyone is talking about the need for a side hustle. As a result, you may be pondering what extra earning opportunities are out there for you. Unfortunately, when looking for options, you may run into some major road blocks such as the need for college degrees, large upfront investments, and skills you simply …

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401k Loans: Borrowing Your Money

Dear Dollar Stretcher, We’re going to buy a newer car. We’ll need to borrow about $12,000 to pay for it. Our friends have suggested that the best way to finance it is by ‘borrowing’ from our 401k plan at work. They say that the rate’s cheaper than what we would pay somewhere else and that way we’d be paying ourselves …

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Operators of Student Loan Debt Relief Schemes Settle FTC Charges

The settlements stem from an FTC-led enforcement sweep announced last year The defendants in two student loan debt relief cases have agreed to settle Federal Trade Commission claims that they charged consumers illegal upfront fees and falsely promised to help reduce or forgive student loan debt burdens. The settlements with Strategic Student Solutions and Bloom Law Group are part of …

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Complaint snapshot: An analysis of debt collection complaints

> In our latest Complaint Snapshot, the Bureau of Consumer Financial Protection examines complaint trends, with a focused look at complaints about debt collection.  Since July 2011, the Bureau has received approximately 400,500 debt collection complaints, which is 27 percent of the total complaints we’ve received. In-depth analysis of debt collection complaints helps us to understand the problems consumers are …

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