Thursday, November 26, 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.

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 »

My Husband Went to Jail and My Student Loans Went to Limbo

Question: Dear Steve, My now ex-husband is incarcerated for 20 years. Prior to his incarceration, I signed paperwork to endorse a consolidation for student loans. I could no longer afford to pay the Navient high monthly payment. The Navient website lists two consolidated loans at zero dollars owed and paid by N.Y. State Higher Department of Education. Does this mean ... Read More »

Should We Go With the American Direct Financial Debt Settlement Program?

Question: Dear Steve, Im 65yo and wife 64yo. She works about $110,000/yr. We used to bring in income double that. Around $250,0000 in 401Ks. We’ve been carrying debt -credit card over 15yrs making minimum payment-NONE missed, going down super slow now around $84,000 (bad business we gave up and home repairs). I was forced to retire about 3 yrs ago, ... Read More »

My Navient Private Student Loan Debt Seems Criminal

Question: Dear Steve, Hello, I have about $30k still owed to Navient on a private loan that had the original principal of $30k and I have already paid $40k towards it over the last 10 years. I want to try to settle a lump sum pay off for $15k because I just can’t fathom paying the remaining still owed of ... Read More »

What Should I Do Since I Can’t Pay a Really Old Debt?

Question: Dear Steve, Hello. I’m a 29-year old. I have had only two credit cards (both closed) and now I have a card from a creditor asking for money. I had the credit card when I was in my early 20’s and they only had a credit line of $1,200. So the debt is quite old now. I don’t know ... Read More »

My NJCLASS Student Loan Screwed Me Over and I’m Mad as Hell

Question: Dear Steve, I currently have $95K in debt with NJClass loans which I’ve been working diligently to pay off. My mother, my cosigner on the loan, went through bankruptcy 2013-2018. During this time, the loans were put on a “stay” period, where payments were not due but interest still increased. I also was not contacted at all during this ... Read More »

I Can’t Live With My Medical School Debt Anymore

Question: Dear Steve, Over the last 3 years, I have accumulated $105,000 in student loan debt. I was in medical school and took out student loans for tuition and cost of living. After some difficult events including divorce and long distance from my children which lead to depression. I withdrew after two years of the medical school program. I do ... Read More »

Should I be Concerned About the Credit9 Mailer I Just Got?

Question: Dear Steve, I have a low credit score and am looking at debt solutions. I just got an offer from Credit9 that sounds great, but it will involve me not paying accounts on time. This concerns me. Should I do it, or should I just put some lump sums toward the credit cards? Jim Answer: Dear Jim, There is ... Read More »