You probably know Payday Loans are an expensive way to get money – charging annual percentage rates of as much as 500-700% – but during the Covid-19 pandemic people are running out of choices
Don’t Fall Victim to Personal Finance Scams
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Personal Finance Scam Reports
The following Scam Reports are filed in the Personal Finance category.
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The fact is, Publishers Clearing House never notifies winners in advance. And anyone who says, “You’ve won. Now pay us,” is always a scammer. Period.
You’ve probably heard the news by now – the government is sending out relief checks as part of the federal response to the Coronavirus. Scammers heard the same thing, and they’re hoping to cash in on yours.
Companies pitch their service with incomplete information and outright lies. They tell people that lower payments from an IDR plan will last for 20-30 years when, in fact, the lower payments are only guaranteed for one year
Many consumers don’t buy anything without consulting third-party review sites or checking out the opinions of other customers. But how often are those ratings the product of buying and selling between the “independent” site and companies willing to pay for better play?
During 2019, the FTC received more than 3.2 million reports from consumers. The following are the biggest scams and frauds reported in 2019
The U.S. District Court for the District of Nevada has ruled in favor of the Federal Trade Commission in a case against the operators of a scheme that deceived financially distressed homeowners by falsely promising to make their mortgages more affordable.
There are counselors who can help you with your credit report, and others who take your money but don’t help you. These are the red flags to watch out for
While there are many legitimate debt collectors in the financial marketplace, there are also a growing number of scammers who may try to get you to pay on debts that you don’t owe or on debts that don’t even exist.
Operators of alleged scheme claimed to be affiliated with the federal government and falsely promised to help reduce or even eliminate consumers’ student loans
You don’t have to pay for help with your student loans. After all there’s nothing a company can do for you that you can’t do yourself, for free…
You’re already in a difficult positions – don’t led a scammer make things worse! Some companies offering debt settlement programs may engage in deception and fail to deliver on the promises they make
Be careful signing up for that “free” credit score report. The ad says free, the website says free – so why are millions of American’s getting bilked for $29.99 a few weeks later?
A true story from the FTC archives – Dorothy Council’s debt settlement companies didn’t pay her credit cards and kept the money.
The US Government has set your right to a free credit report into law. And getting your copy is very easy – here’s how:
Man Found Guilty of Federal Charges Stemming from Fake Debt-Elimination Services with More than 500 Victims Identified
Don’t Make Mistakes When Seeking Student Debt Relief. Be careful with the information you give and remember no company can promise to get you fast debt forgiveness.
Filing for bankruptcy is a huge decision to make and not one to be taken lightly. It should only be considered when other steps have been attempted and failed such as debt relief or https://scamreport.com/dir/personal-finance/debt-relief/debt-consolidation/. If you do plan to file for bankruptcy protection, you must get
Under the FCRA, both the credit reporting company and the information provider are responsible for correcting inaccurate or incomplete information in your report. Here’s how you do it.
Albert needed some extra cash for an emergency and thought a car title loan sounded like a good idea. Is a car title loan the best solution?
The Dangers of Payday Lending – John’s truck breaks down and he doesn’t have any money to fix it. Is payday lending the answer?
FTC to Return $1.7m to Consumers Who Bought Worthless Credit Card Interest Rate Reduction Programs. The court held defendants liable for 11 violations of the FTC Act and the Commission’s Telemarketing Sales Rule
FTC Returns Nearly $315,000 to Consumers Who Bought Worthless Credit Card Interest Rate Reduction Programs
Debt got you down? You’re not alone. Consumer debt is at an all-time high. Bankruptcy is one option to deal with financial problems, it’s generally considered the option of last resort.
