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Seven separate organizations offer consumers "major credit cards," such as a MasterCard or Visa, or a loan, for a one-time advance fee, but after making the payment the consumers never hear back from them. A Utah-based company has duped parents from all across America by masquerading as a financial aid company helping students in their further studies. A California based company pretending to be a "debt negotiation" was preying on financially crunched consumers by promising a debt free life but in reality the company was emptying the pockets of the consumers by forcing them to pay outrageous fees. These are some of the federal court complaints that FTC has filed alleging violations of law. In an age of rampant scams, it is necessary for every consumer to remain informed about the range of scams and the different ways that can protect them from such scams. Frauds and scams can be carried out over the net, through the mail, on the telephone, and even by the door-to-door sales people. There are various types of scams, and the approach and methods used to commit them change quickly, thus making it essential for people to keep themselves updated. This section makes you aware of the various types of scams a consumer may undergo. A thorough reading of these articles will make you more alert and at the same time tell you the ways to get out of such scams. After all knowledge is the best defense!
We will coming up with more informative and relevant scam reports in the coming weeks. Advance Fee Loan Scams - Credit Scams
When you come across financial pressures, you seek fast relief. In this situation, companies nationwide appeal to consumers with poor credit... (No rating) Avoid debt settlement scam - select the right company
Frauds and scams are a common happening today and increasing at an alarming rate in the financial sector. It is highly recommended that you... (No rating) Beware of Credit Repair Scam
Debt burden is a major problem in the US today. An average US citizen has $8000 in credit card debts. A large section of the country is... (No rating) Debt Elimination Scam
The growing degree of debts in the new millennium has set a trend of fraud activities as well. People who are undergoing debt crisis are... ![]() ![]() ![]() ![]()
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