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Money & Credit

This holiday season, help friends and family avoid a scam

When you talk with friends and family over the holidays, you may hear about new puppies, old sports rivalries, and dreams of the next vacation. As you join the conversation, why not share some ideas from the FTC’s Pass it On campaign to protect the people you care about from scams?

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Money & Credit

Holiday shopping season 2020

The holiday season is upon us and retailers are already preparing for what they hope will be a successful shopping season. Because of COVID-19, it’s likely that we’ll be going online to look for those perfect gifts. With so many deals around and what seem like eternal “Black Friday “ sales, it’s important to keep some online shopping tips in mind.

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Money & Credit

Last call for Economic Impact Payments: Nov. 21 at 3 ET

Have you gotten your Economic Impact Payment yet? If you haven’t, time is running out. You have until November 21 at 3pm Eastern Time to enter your information with the IRS.

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Money & Credit

Customers wondering: high-interest banking app or highway robbery?

“It’s been almost a month and we still don’t have our money. We’re broke and putting groceries on credit cards . . . .” That’s just one of many customer reviews posted about the mobile banking app offered by Beam Financial Inc. and founder Yinan Du – the defendants in a lawsuit filed today by the Federal Trade Commission.

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.

Why report fraud?

Scams come in many forms: texts, emails, letters, and lots of calls. Scammers plot schemes from tech support scams to fake check scams to try to knock us off balance just long enough to take advantage. They want to get our money and personal information, like account numbers and our Social Security number. How can we fight back? By sharing your story and reporting what happened to the FTC.

Fake Clorox and Lysol websites try to take people to the cleaners

Scammers follow the headlines. They take advantage of what’s happening in the news to find new ways to get people to part with their money. During the COVID pandemic, cleaning supplies have been in high demand, but often in short supply. Scammers see that as opportunity knocking.

Non-filers: Expect a letter about your stimulus check

The IRS announced “National EIP Registration Day,” taking place November 10. That’s when the IRS and partners will do a final push to reach out to people who don’t normally file taxes. They want to be sure they know that they may qualify for a payment and should register at IRS.gov to request their EIP.

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Money & Credit

Online Trading Academy debt forgiveness notices are real

As we told you about in this recent post, Online Trading Academy (OTA) is sending letters and email notices to people who are eligible for debt forgiveness. These notices are real, so don’t delete or throw them away, and check your spam or junk folders in case the email notice was directed there. They have important instructions on how to ask for your debt forgiveness from OTA.

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Money & Credit

Overpaid your utility bill? That’s probably a scam

You get a robocall saying you paid too much on a utility bill. To make up for this mistake, they say, you’ll get a cash refund and a discount on your future bills. All you have to do is press a number to get your money and discount. You say to yourself: “What luck!” You might think this strange surprise will help you save some much-needed money.

Sorry but…not so fast. This is probably just another utility scam — or, at best, a marketing trick — to get your money.

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Money & Credit

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