Thursday, July 2, 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.

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 ... Read More »

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 ... Read More »

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 ... Read More »

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 ... Read More »

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 ... Read More »

Asked to pay by gift card? Don’t.

Has someone asked you to go get a gift card to pay for something? Lots of people have told us they’ve been asked to pay with gift cards – by a caller claiming to be with the IRS, or tech support, or a so-called family member in need. If you’ve gotten a call like this, you know that the caller ... Read More »

I Need an Honest Answer if I Should Settle My Debt

Question: Dear Steve, I have private student loan date mid-2014 around $8000.00 dollar. My college made payment arrangements and I was paying just 25 dollars a month now they reported credit bureau saying accounts charge off and transfer to a collection agency. I spoke to the collections agency and they want to settle the loan about 50%. My question now ... Read More »

New List Identifies More Ways to Access Credit Scores—for Free

Did you know that checking your credit scores and credit reports is one of the first steps toward learning more about your credit history? You can request your credit reports for free every 12 months from each of the three major credit reporting companies. However, credit reports currently do not include free credit scores. The good news is that over ... Read More »