Friday, May 29, 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.

COVID-19 scam reports, by the numbers

If you’re a regular reader of this blog — or of the news, you know that scammers are out in force, taking advantage of all aspects of the Coronavirus pandemic. We’ve spotted plenty of bogus cures and treatments, but many of you have told the FTC about straight-up scams, like texts/emails/calls from a “government agency” promising to get your relief ... Read More »

What Should We Do After We Drained Our Retirement Savings?

Question: Dear Steve, My husband hasn’t had an income since 2012. We have 450k left on the mortgage, owe around 75k on credit cards, two car payments, installment loan with IRS for 40k, Paying 1k interest monthly on 250k HELOC since 2006. He emptied his 401k-no retirement left. I work for US govt, earn 112k, took 50k from my TSP ... Read More »

I’m in a Serious Bad Way Financially With All the COVID Crap

Question: Dear Steve, I started school in maybe, 2010. Not sure of the exact date. I became homeless and was unable to continue schooling due to circumstances. I had received phone calls from the collection agencies and agreed to pay a monthly fee. Shortly after I made the agreement, I went to jail for 6 months in county. Got out, ... Read More »

Am I Really Responsible for the DIRECT BUY Debt After Divorce?

Question: Dear Steve, DIRECT BUY Just added a collection to my credit report on 12/2019 pulling my score down significantly. In divorce I proved my ex husband was responsible for this debt and he agreed in writing as he wanted to keep the account for his contracting business although account was in both our names. I presume he hasn’t paid ... Read More »

Do You Think College Students Should Get Partial Tuition Refunds?

According to Investopedia, “Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about quality or low prices . . .” However, once customers are lured in, “the advertised deal does not exist, or is of far inferior quality or specifications, where the buyer is then presented with an upsell.” When the universities shut ... Read More »

How to Find Out Where Your Stimulus Check Is

The IRS has this page to help you locate where your Economic Impact Payment is. The page also contains information on how to receive your free money if you have not filed tax returns. This link will give you the latest information on the status of your payment. The post How to Find Out Where Your Stimulus Check Is appeared ... Read More »

Shame On You Titan Consulting Group

An awesome reader sent me a completely distasteful mailer at this time of people waiting for their federal government stimulus checks to help them deal with the coronavirus pandemic. In the mailbox dropped this official-looking envelope from the Revenue Distribution Department. This mailer was sent to me through my I Buy Junk Mail program. If you have junk mail you’d ... Read More »

Something Just Doesn’t Add Up About Big Picture Loans

The same reader that received a fake government check loan offer also received an offer from Big Picture Loans. I’m jumping ahead to the fine print on the back. Big picture Loans “is a wholly owned subsidiary of Tribal Economic Development Holdings, LLC, a wholly owned and operated economic arm and instrumentality of the Lac Vieux Desert Band of Lake ... Read More »