Monday, September 23, 2019
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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.

Operation Donate with Honor Continues

Last year, the FTC and state charity regulators joined in Operation Donate with Honor to stop sham veterans charities from lying to donors. Today the FTC is announcing that it shut down two more operations that collected donations with false promises of helping veterans and military service members. In American Veterans Foundation, the FTC and its co-plaintiff, the Florida Attorney ... Read More »

FTC’s Tech Support Takedown 2019

We read you loud and clear! Last year, the FTC got nearly 143,000 reports about tech support scams. We’ve been warning people about this type of scam for years. But one piece of information in the FTC’s newest Consumer Protection Data Spotlight was an eye-opener. People 60 and over were about five times more likely than younger people to tell ... Read More »

What to do About Robocalls

Not another robocall! We’ve all felt that way. Wondering what to do about robocalls? Check out this new video: The FTC worked with AARP to create a series of videos about imposter scams – including robocalls, IRS imposters and Medicare scams. While the videos are aimed at older Asian Americans and Pacific Islanders, the tips apply to everyone. For three ... Read More »

Get Money Smart during Money Smart Week

During Financial Literacy Month in April, the CFPB joins the Chicago Federal Reserve Bank in celebrating Money Smart Week (March 30-April 6). This event is a great opportunity to teach consumers how to be smarter with their money.  Various Money Smart Week activities—like free financial education classes and seminars—are offered by local and regional organizations across the U.S.  Libraries all ... Read More »

Get Your Credit on Track with This New Booklet

Today the Bureau is releasing “Want credit to work for you?” the newest addition to the Your Money, Your Goals suite of financial empowerment tools.  The third in a series released by the Bureau, this booklet provides eight tools to help consumers through the various stages of building credit, maintaining good credit, and fixing credit if it is bad. Tools ... Read More »

Parroting, Credit Report Disputes, and Other Credit Report BS

An interesting lawsuit was filed by a consumer in Alabama against Select Portfolio Servicing, Jared Galleria of Jewelers, Prestige Financial Services, Experian, Equifax, and Trans Union. What is interesting about the suit is the description of the broken and defective credit report dispute process of inaccurate information. Many of us have experienced such issues firsthand. The complaint says, “Unfortunately, the ... Read More »

There Are No Solutions For Us to Get Out of Debt That We Can Afford

Question: Dear Steve, $70,000 unsecured debt $120,000 combined gross income Have checked with credit Counselor’s who offered a DMP we couldn’t afford, bankruptcy attorney, (chapter 13) payment plan we can’t afford. Tried resolving with creditors on our own, again can’t afford. So, what’s next? Do we just not pay and hope for the best? We are at the end of ... Read More »

How Can I Force CarHop to Take Back My Car and Cancel the Loan?

Question: Dear Steve, I have a 2008 Chrysler Sebring I bought from CarHop that is in every way a piece of junk. I haven’t driven it in over 3 months as the transmission is out after getting replaced just recently. I want out of the loan, I mean out. I want them to take back the car and close the ... Read More »

Here is How the Holder Rule Works When You Have a Putrid Loan

Recently I wrote Will the Holder Rule Help Me With My Student Loan Debt? and most people are unaware how the Holder Rule may apply if you purchased financed services from one entity and financed it with another. I think this has some big potential in student loan defense but that will have to be developed. Attorney Nathan DeLadurantey from ... Read More »