If you’re looking for a way to manage your debt, the last thing you need is to get ripped off by a company that promises to help. According to the Federal Trade Commission, that’s what happened to people who paid hundreds of dollars each to Southeast Trust, LLC. The company contacted people through illegal robocalls and claimed it was a non-profit group that could get them credit card interest rates as low as zero percent. The FTC recently got a $2.7 million judgment against the company and banned it from making illegal robocalls and providing debt- and mortgage-relief services.
Have you checked your mobile phone bill lately? See any charges for random text messages you get? Not reading your statement with an eye out for fraudulent charges crammed onto your bill can be a costly mistake.
If you’re a homeowner, you know there’s more to getting set for cold weather than digging out your coat, scarf, and favorite fuzzy boots; it’s time to make sure your home is winter-ready too. More than half the energy a typical home uses goes toward heating and cooling. The Federal Trade Commission has some energy saving tips to help you get the most from the energy you use and avoid a home-heating scam.
Many homeowners struggling to make mortgage payments look for practical payment alternatives: they might try to convince the lender to modify the loan terms, ask for a temporary reduction, or maybe try to refinance the loan. The Federal Trade Commission’s settlement with American Mortgage Consulting Group illustrates one alternative to stay away from: paying a company a fee to modify a mortgage before they deliver the results they promise.
Now that the holiday season is in full swing, you may be thinking about donating to your favorite charities. This time of year also brings more attention to our deployed personnel, their families living stateside and our veterans. Lots of folks wonder how they can support the troops. Many organizations tout themselves as a way to give back to those who serve. But not all charities are legitimate – some are out to make a buck for themselves. Some spend more money paying their fundraisers than supporting the military community. Here are a few things you can do to prevent shady groups from cashing in on the cachet of the military.
The scenario: You want to sell your car without any hassles for a fair price. So you place an ad on a community website hoping for a quick sale. Shortly thereafter, you get a call from what sounds like an auto company. For a fee, the company promises to put you in touch with a buyer. If your car isn’t sold, they promise to refund your money. So you go ahead and pay the fee, and wait for the company to present a buyer for your car.
Scammers pushing empty promises of wealth from business opportunities never cease to be creative. They come up with ideas that sound so detailed and timely that the deal has to be legit…at least, that's what they want you to think.
Scammers use a number of clever schemes to trick people into sending them money: they might promise a job, a loan, a scholarship, or a prize. They might even promise to recover money lost to a previous scam.
The letter you opened sounds like you’ve lucked out in a big way. It’s an offer for free plane tickets to practically anyplace you want to go. The company — whose name appears to be that of a well-known airline — urges you to act quickly, or you might miss this “last chance.” They even sent a “voucher” for the tickets.
Seems like all you have to do is call the toll-free number on the letter and you’ll soon be flying off to your desired destination. The offer has a deadline, though, so you’d better call now, right?
If you’ve ever had a virus on your computer, you know what a nightmare it can be — a slow computer that crashes unexpectedly, your contact lists getting messages that you didn’t send, your online accounts vulnerable to hacking.
Perhaps just as frustrating as a virus infecting your computer? Paying someone to get rid of a virus that isn’t there.