Rachel DePompa, WOWT 6 News

Rachel DePompa

WOWT 6 News

Richmond, VA, United States

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Recent articles by Rachel:

Personal loans can help during the holidays, but experts urge to use them cautiously.

This time of year costs can quickly add up and leave you in a financial bind. Consumer Investigator Rachel DePompa has advice from experts on what to do if you must take out a personal loan. → Read More

Holiday spending plan could keep your budget on track this season

Holiday shopping season is in full swing and experts say the best way to avoid spending stress is make a plan and stick to it. Consumer Investigator Rachel DePompa has your shopping and spending strategies. → Read More

Nonprofits offer money management options to those saddled with debt

If you’re struggling to overcome the financial stress of your debt reaching out for help could be the answer. Consumer Investigator Rachel DePompa speaks to a woman who paid off $37,000 in just two years with the help of a nonprofit debt management company. → Read More

Scammers looking to exploit the Federal Student Loan Debt Relief program

As people rush to capitalize on President Biden's Federal Student Loan Debt Relief, con artists are ramping up efforts to target your money. Consumer Investigator Rachel DePompa talks to an expert who has advice on how you can avoid being ripped off. → Read More

Maximize Black Friday deals by planning ahead

Holiday Shopping Season is here and so are the Black Friday sales. Consumer Investigator Rachel DePompa talks with a financial coach about how you can avoid breaking your holiday budget in this Watching Your Wallet. → Read More

Overdraft fees getting less expensive, but still used by the majority of banks

Overdraft fees are an unwelcome addition to your budget and according to a new Bankrate study most banks are still hitting customers with the charge. Consumer Investigator Rachel DePompa has some simple ways you can avoid that extra expense. → Read More

Cash over credit may be key to help you fight inflation expenses

With inflation hitting its highest rate in decades, saving money is top of mind. Consumer Investigator Rachel DePompa talks to an expert who explains why cash might be the key to saving money. → Read More

For those battling credit card debt, a call to your credit company could help lower your bills

Managing your credit card debt can be a tough fight, especially with high interest rates adding to the bill… Consumer Investigator Rachel DePompa has expert advice on how to negotiate a lower rate with your credit company. → Read More

With current car insurance rate increases, it may be time to double-check your coverage

The Bureau of Labor and Statistics reported a 10.3% increase in motor vehicle insurance in the last year. Consumer Investigator Rachel DePompa explains why and what you need to do now to make sure your policy has you covered. → Read More

NerdWallet study shows 60% of Americans less confident about finances

According to a new study American optimism about the economy is low, only 13%, but Consumer Investigator Rachel DePompa finds out the steps you can take to strengthen your financial situation. → Read More

Five Star Fakes: Amazon targets social media brokers in attempt to crack down on fake online reviews

According to the World Economic Forum, fake online reviews cost businesses and consumers $152 billion a year. BrightLocal research found 82% of consumers have read a fake review in the last year. Now, one of the largest retailers in the world is fighting back, as Amazon is suing the administrators of more than 11,000 Facebook Groups. → Read More

Five Star Fakes: Small business owners feel big impact from fake online reviews

In a 2022 study presented to the National Bureau of Economic Research, data showed that phony testimonies cost customers an extra $0.12 cents for each dollar spent – meaning you could spend up to an extra 12 percent because of fake reviews. But fake online reviews don’t always have an immediate financial impact, some small businesses are seeing their reputations damaged from a barrage of untrue… → Read More

As Halloween approaches, expert offers tips on cutting holiday costs

It’s a day filled with fright, but Halloween doesn’t have to scare your savings. Consumer Investigator Rachel DePompa finds some ways to easily save money by October 31st. → Read More

Early shopping, excess inventory could lead to holiday savings

Are you already making your list and checking it twice? Consumer Investigator Rachel DePompa reports on why experts suggest you should start your holiday shopping now. → Read More

For those juggling credit card debt, experts say consolidation is key

Juggling credit card balances across multiple cards? Consumer Investigator Rachel DePompa shares expert ways to get your credit card debt under control. → Read More

College student aid enrollment starts October 1

Parents of college-aged teens listen up! Enrollment for the Free Application for Federal Student Aid or FAFSA opens on October 1. Consumer Investigator Rachel DePompa breaks down what you need to know. → Read More

Experts say having a will critical to your family’s future

Only 33% of Americans have an estate plan according to a recent survey from caring.com. Consumer Investigator Rachel DePompa talks with experts about why creating a will should be a top priority. → Read More

Inflation, rising prices leave first-time homebuyers with affordability hurdles

Rising prices and inflation continue to make it difficult for first time home buyers to find affordable properties, according to a new report from NerdWallet. Consumer Investigator Rachel DePompa finds out why not all hope is lost for those trying to get into the housing market. → Read More

Deadline looms for federal program that could forgive certain student loans

Billions of dollars in student loan cancellations are available, but the deadline to apply is approaching. Consumer Investigator Rachel DePompa explains “Public Service Loan Forgiveness” and how you might qualify. → Read More

College not a necessity to take advantage of 529 savings plans

A 529 plan is a great way to save for college, but if your child decides they don’t want to go you’ll need to need to make plans for those funds.Consumer Investigator Rachel DePompa explains the rules of the 529 account and how that money must be spent. → Read More