Scam Report

Personal Finance Scams

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.

Law-breaking Credit Repair Scheme Closed by FTC

Law-breaking Credit Repair Scheme Closed by FTC

FTC Stops Operators of $6.2M Fake Credit Repair Scheme. Alleges scammers charged upfront fees and falsely promised to improve credit scores.

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Agents Laundered Millions in Credit Card Charges

Agents Laundered Millions in Credit Card Charges

The FTC alleges ISO, sales agents laundered millions in credit card charges – as case concludes monetary judgment of $5.8 million suspended due to the defendants’ inability to pay

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FTC Halts Deceptive Mortgage Program

FTC Halts Deceptive Mortgage Program

FTC charges mortgage loan modification operation with deceiving financially distressed homeowners, halting the scheme and freezing the defendants’ assets

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FTC Unhappy With “No Hidden Fee” Claim

FTC Unhappy With "No Hidden Fee" Claim

FTC challenges Lending Club’s “No Hidden Fees” claims, despite Lending Club taking a hefty portion of the Loan Amount up front as an origination fee.

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Avoid Mortgage Relief Scams

Avoid Mortgage Relief Scams

Behind on your mortgage and looking for help? Check out these tips and learn how to avoid mortgage relief scams.

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FTC Shuts Down Student Debt Relief Company

FTC Shuts Down Student Debt Relief Company

The FTC has closed down student debt relief companies Mission Hills Federal and Federal Direct Group amidst claims of fraud and deception

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SoFi Loan Refinancing Claims Challenged by FTC

SoFi Loan Refinancing Claims Challenged by FTC

Claims advertising overstated the results consumers had received, sometimes even doubling the actual savings

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Payday Loan Customers get $505M Back

Payday Loan Customers get $505M Back

In what is the largest amount ever sent in a refund program run by the FTC there is $505 million coming back for payday loan customers of AMG

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Money Back for Consumers Harmed by Mortgage Scam

Money Back for Consumers Harmed by Mortgage Scam

The Federal Trade Commission is mailing 474 checks – more than $33,000 to consumers who lost money to a scheme that charged homeowners an up-front fees but never provided any services.

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