It’s a big problem. Companies promising to help with student loan debt advertise widely, using misinformation and high-pressure sales. However, consumers need to know that there’s nothing a student loan debt relief company can do for them that they can’t do for themselves for free. Read more →
October 12 is National Savings Day. Its purpose is to empower people to feel more confident about their relationship with money by learning that saving money can be a simple, straightforward experience. Forty percent of Americans have less than $300 in savings. Read more →
What are your plans for Labor Day this year? Americans are more confident about celebrating Labor Day in 2021, with 48 percent more people planning to travel and 24 percent more planning to go shopping, according to a survey conducted for WalletHub, a personal finance website. Read more →
Two Florida companies and their CEO will be barred from offering payment-processing services to settle Federal Trade Commission allegations that they aided a criminal student debt relief scam that bilked $62 million from thousands of students and their families. Read more →
Verizon is recalling about 2.5 million Ellipsis Jetpack mobile hotspots. The lithium ion battery in the hotspots can overheat, posing fire and burn hazards. Verizon has received 15 reports of overheating, including six reports of fire damage to bedding or flooring and two reports of minor burn injuries. Read more →
This week, I wrote the 100th issue of my newsletter Helpful Money Tips for You. To celebrate, instead of offering my usual 10 tips, I offered 100. To sign up to get my free newsletter, go to http://eepurl.com/gkZ6JH. You'll get it in your email. Read more →
On Veterans Day, we honor the men and women who have served in the nation’s Armed Forces. If you’re considering donating to help veterans, make sure the charity or nonprofit you select is reputable. Read more →
Gov. Gavin Newsom signed a bill Friday establishing a Department of Financial Protection and Innovation to protect consumers from abusive business practices. He said the federal government is getting out of the financial protection business, but California is leaning in. Read more →
Most Americans are still concerned about the spread of covid-19 in their communities – and they expect the pandemic to continue to be a concern into 2021. A majority – 78 percent – remain concerned about the continued spread of covid in their area over the next month. Read more →
Online Training Academy hyped a “patented” training program that promised to help people earn “big money” by paying big money to OTA for trainings costing as much as $50,000. OTA’s lavish earnings claims often came with encouragement for people to go into debt to pay for trainings. Read more →