Money & Credit

Claims Not “Up To” Expectations

This blog post will make you up to 50% smarter. GUARANTEED!

Don’t believe me?

Do you believe “real” claims like “Lose up to 50 pounds with a weight loss shake” or “New windows will reduce your heating costs up to 50 percent?”

Refund Checks for Consumers Misled By Dinamica Financiera

The FTC is mailing several hundred refund checks to Spanish-speaking consumers who lost money to Dinamica Financiera. The company falsely promised foreclosure relief and mortgage loan modifications.

A Little Credit

During the past few years, consumers have complained to the Federal Trade Commission about debt collection more than just about any other single topic. It’s no surprise, then, that when we asked legal services attorneys and non-profits across the country what issues resonate most with the people they see, credit and debt topped that list, too.

That’s why the FTC’s new resource, consumer.gov, devotes a section to issues related to credit and debt.  It is a great place to learn about building your credit history, and getting your credit reports and scores; using credit, including credit cards, loans, and interest rates; the risks of using more expensive credit options like payday loans and car title loans; and managing debt – from better budgeting to dealing with debt collectors.

consumer.gov screenshot

Blog Topics: 
Money & Credit

These Prizes Were No Gems

It’s exciting news —the caller says you’ve won a new car, a boat, jewelry, a fabulous vacation, or a cash prize. All you need to do is buy some vitamins — for $300 to $500 — to claim it.

But this “promotion” from American Health Associates is really just the latest scheme from a repeat scammer, the FTC says. A scheme that’s now been stopped, thanks to the FTC.

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Money & Credit

Traveling for Spring Break?

Oh yes, it’s that sweet time of year again — Spring Break is almost here! Whether you’re off to sunbathe on the sand, see the sights, or ski the slopes, it pays to be an informed travel shopper.

Blog Topics: 
Money & Credit

You Owe Me Money

What if a company called you, demanding you pay for a product they said you ordered? What if they threatened you if you didn’t pay? And what if you never actually ordered that product, never even saw it, and never promised to pay for anything? 

A recently-filed FTC case claims that Instant Response Systems, a Brooklyn-based company, did all that and more.

Pressing Questions

On Friday, many of my colleagues will be joining the US Department of Justice’s Civil Consumer Protection Branch at the Second Annual Consumer Protection Summit.

On the agenda for the day are these hot topics...

This is National Consumer Protection Week!

National Consumer Protection Weeks begins today, and it’s the biggest and best NCPW in 15 years. Thanks to 64 federal, state and local agencies and nonprofits that are putting the spotlight on the critical consumer protection work they do year-round, consumers have easy access to a tremendous variety of timely, useful information about recognizing and reporting frauds and scams, managing credit and debt, using technology, and staying healthy and safe.

Trending

In 2012, the FTC received more than 2 million consumer complaints – a first in the history of the Consumer Sentinel Network. The #1 category of complaints? Identity theft. This tidbit is from the hot-off-the-press Consumer Sentinel Network Data Book 2012, a fascinating analysis of complaints received in Sentinel during the previous calendar year. Sentinel is a secure online database available to more than 2,000 civil and criminal law enforcement agencies across the country. Agencies use the data to research cases, identify victims, and track possible targets.

Want to learn more about the top ten complaint categories, get national data, and state-by-state accountings of the top complaints? Check out the 2012 Sentinel Data Book.

Loan Aggregators, or Loan Aggravators?

If you’re thinking about applying for an online payday loan, you might be dealing with a direct lender – or you might be dealing with a loan aggregator. A direct lender lends you the money; a loan aggregator is a middleman – a company that collects your personal and financial information on a loan application and shops it around to lenders who might offer you a loan.

Blog Topics: 
Money & Credit

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