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Dealing with Debt

Help veterans avoid scams

On Veterans Day, we celebrate our veterans — more than 18 million strong. We thank you for your service and sacrifice. It’s also a good time to arm yourself with some tips to avoid fraud. We know that scammers follow the headlines, and their schemes evolve to take advantage of the things catching our attention now. Knowing what to look for helps all of us steer clear of a con artist.

Did you get an offer for student loan debt relief?

Having trouble paying your student loan debt? You might get an offer that says you can reduce your monthly payment, or even reduce your overall debt. The offer might look like it comes from the government…and they might tell you that, first, you have to pay a fee. But it’s illegal for a company to ask you to pay a fee up front before they get you the promised relief. And it’s illegal for them to pretend to be from the government.

Promises for lower credit card interest rates weren’t true

When you’re having trouble paying your credit card bills, getting a lower interest rate to keep your balance in check could be a game changer. Unfortunately, companies that promise to get you those lower rates often end up leaving you deeper in debt.

Would you rather save $5,000 or lose 5 pounds?

If you picked the money, you’re not alone. As we start 2020, many of us are making financial resolutions. Of course, saving more or paying down debt sounds great, but getting started can feel overwhelming. Don’t worry – the FTC has five ideas for things you can do to start the new year off right.

Millennials and fraud: What’s the story?

Lots of people fall for scams. Is it any different for Millennials? That’s what the FTC explores in its new Data Spotlight, Not what you think: Millennials and fraud.

Paying off holiday credit card debt

You’ve opened all your gifts, and now it’s time to open those post-holiday credit card statements. If you were a little too jolly with your holiday spending, here are some tips to help you pay down your credit card debt.

What we heard: military consumer financial issues

When you want to know what’s going on with a group, you go directly to the source, right? That’s exactly what the FTC did last week when it held a Military Consumer Financial Workshop in San Antonio, Texas. The day’s purpose was to take a look at the financial issues and scams that can affect military consumers – active duty servicemembers, veterans, and their families.

Settling your debts

You might have seen ads for companies that say they can reduce your debt – sometimes for cents on the dollar. All you have to do is pay them. But these offers are not always what they seem.