Money & Credit

Donate with honor, not to a sham charity

Would you donate to a charity called Help the Vets? What about if you get a robocall that asks you to donate your car to “Veterans of America?” Unfortunately, just because the word “veterans” is in the name, it doesn’t mean that an organization actually helps veterans. Today, the FTC and its state partners announced that they have taken action against fake charities and other schemes as part of Operation Donate with Honor, a nationwide law enforcement and education initiative to stop veterans-related charity fraud.

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Money & Credit

FTC looks for revised Used Car Buyers Guides

The FTC’s Used Car Rule says that dealers have to display a Buyers Guide in every used car they have for sale, and give it to buyers after the sale. The FTC recently checked out how dealers are following that rule in 20 cities, visiting 94 dealerships, and inspecting more than 2325 vehicles. Here’s what we found.

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Money & Credit

Student loan debt relief customers: Take 2 steps

Do you have student loans? Did you respond to an ad from Ameritech Financial claiming to offer you debt relief? The FTC has sued Ameritech for deceptive practices and just sent letters about the case to thousands of customers. The court hasn’t ruled, but there are steps you can take now to make sure your payments are going toward your loans. In addition, Ameritech may have changed your Federal Student Aid (FSA) account information. There are steps you can take to protect your financial privacy.

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Money & Credit

Don’t let “FREE” cost you

When a company says you can try its product for free, you might think, why not? Here’s why not: You could end up paying a lot of money for that free trial. Scammers often use free trial offers with undisclosed or buried terms to enroll people in costly membership programs. That’s what happened in the case of Triangle Media Corporation, the FTC alleges.

FTC sues two more in phantom debt scheme

Have you ever gotten a call about a debt that isn’t yours? That’s known as a phantom debt, and today, the FTC and the New York Attorney General’s Office announced that they are suing two players in an alleged phantom debt scam: Hylan Asset Management and Worldwide Processing Group. It’s a complex web of made-up debt, debt sellers, brokers, buyers, and collectors – involving some players the FTC has sued before.

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Money & Credit

Military Consumer Month 2018: Fight Imposter Scams

July is Military Consumer Month. This year, we’re focusing on fighting imposter scams – where a con artist pretends to be someone you trust, to convince you to send money or personal information. The scam can take many forms: imposters may say they’re calling from the government or from a business with technical support expertise. Other scammers lure unsuspecting victims by posing as legitimate users of online dating sites, or say that there’s an emergency with a friend or family member.

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Money & Credit

Avoiding World Cup scams

The long-awaited 2018 World Cup is underway. Fans from across the world have flocked to Russia in support of their favorite teams. Though most have already bought their tickets, many are still hoping to come across an unbeatable deal that will get them to the Cup.

While fans hope for a good deal, scammers hope for ticket-hungry fans. Here are a few tips for avoiding World Cup-related scams:

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Money & Credit

No prizes from the FTC

Recently, someone showed up at the door of the FTC to ask about his prize. He had a mailing saying he’d won $5 million – and the FTC had “certified and verified” it. The letter told him to act immediately to get the money. Otherwise, his millions would be given to somebody else. He’d talked with the so-called officials, who wanted him to pay $500 in fees to claim his (ahem) prize.

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Money & Credit

Hawaii’s volcano eruption: Picking up the pieces

While lava from the Kilauea volcano eruption continues to flow, it’s not too early to begin taking stock and developing a recovery plan. Here are a few tips and links to resources to help make the task less burdensome.

Giving wisely in the wake of natural disasters

Natural disasters and weather emergencies are in the news. Whether it’s the volcanic eruptions in Hawaii and Guatemala or the wildfires in Colorado, it’s heartbreaking to see people lose their homes and businesses to the ongoing devastation. But it’s despicable when scammers exploit such tragedies to appeal to your sense of generosity. If you’re looking for a way to help, the FTC urges you to be cautious of potential charity scams.

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Money & Credit

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