Money & Credit

Veterans: Don’t let scammers bilk your benefits

According to the U.S. Census Bureau, the nation had more than 9.3 million veterans aged 65 and older in 2013. For most of us, Veterans Day means a time to thank all our former servicemembers. But it’s a sad truth that scammers operate out of greed, not gratitude. Not-so-honest people target older veterans and their families to cheat them out of their hard-earned benefits.

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Money & Credit

Another abusive debt collector bites the dust

As part of the FTC and New York Attorney General’s crackdown on abusive debt collectors, an operation doing business under several names, including National Check Registry, has agreed to settle charges that it allegedly used a slew of abusive and deceptive tactics to pressure people into making payments on questionable debts.

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Money & Credit

Partners bring more than 100 debt collection enforcement actions

When you get more complaints about debt collection than about any other industry, what do you do? If you’re the FTC, you partner with 73 federal, state and local government agencies to bring down the hammer on illegal debt collection. And you collectively bring 115 law enforcement actions, including three brand new cases announced today by the FTC, bringing to 11 the number of cases the FTC has filed against 52 defendants so far this year. That’s more than in any year in FTC history.

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Money & Credit

A lesson in phantom debt collection

Haunted by debt collectors? Here’s a chilling thought: some debt collectors are calling about debts that aren’t real. The FTC says a company calling itself “Delaware Solutions” and “Clear Credit Solutions,” did just that.

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Money & Credit

Free phones for veterans? Not quite.

You walk out of a VA facility, and see a booth with people offering free phones and cell service for veterans, all thanks to a government program. It sounds compelling, right?

“Free” might end up costing you a lot of money. The FTC has heard about booths like these — and what happens next. Months later, veterans who signed up for the program get notices saying they need to provide personal information and documents to prove they meet the income requirements — something the people pitching the program never mentioned. Many veterans find that their incomes are too high to qualify for the program, and face losing service or paying for something they thought would be free.

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Money & Credit

Teaching financial literacy? FTC gives you a Jump$tart

When teachers from across the country meet to improve their ability to teach personal finance, we’re ready to help.

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Money & Credit

It would be so wise!

I know what you’re thinking. It’s barely Halloween and the Christmas decorations are up. You’re worried because you don’t have a lot of cash or don’t want to run up a lot of debt.

The good news is that some sellers offer layaway to help you spread your payments out. You start paying early and they hold on to your gifts until you pay them off. But bear in mind that layaway fees and policies can vary a great deal. Check them carefully before you sign up.

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Money & Credit

When dead debt comes back to life

With Halloween almost here, we’ve got a question for you — are your zombie-fighting skills up to snuff?

We’re not talking about fighting just any zombie — this time your undead enemy is zombie debt.

Zombie debt is debt you think is dead, gone, and forgotten, but has somehow come back to life. Here are some tips for battling zombie debt when a collector resurrects it.

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Money & Credit

Copycat scammers and the visa lottery

Each year, the U.S. State Department holds a Diversity Visa (DV) lottery and millions of people from eligible countries enter their names. They hope to win a chance to apply for a U.S. visa and become legal permanent residents. The State Department runs the only legitimate site for the lottery: www.dvlottery.state.gov, and there’s no fee to enter. If you get an email or see a website that claims to be about the DV lottery, but asks you to send money, don’t click on a link or give up personal information.

Image of narrator of Diversity Visa Lottery video

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Money & Credit

Don't forget the debt

When a loved one passes away, the last thing on your mind is hassling with debt collectors. But you may have the job of managing the deceased’s assets – and you could find yourself handling an estate that includes outstanding debts. Keep these considerations in mind.

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Money & Credit

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