Credit repair or debt relief scams:Thieves who perpetrate these scams prey upon people desperate toescape their debt cycleorimprove their credit. In most cases, scammers promise you they can make your debt disappear or bump up your credit score quickly. You’ll pay an up-front fee in excha...
or fake text messages claiming to be a grandchild who needs immediate help — can greatly reduce the chances that someone will fall for them. "If you know about the scam first, you're 80% less likely to respond," she said.
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In a world where digital currency has become more mainstream,scammersoften take advantage of anonymity and a lack of regulation. They may create a “rug pull” exit scenario, enticing investors with early bird bonuses for fake initial coin offerings that promise substantial returns, only to disapp...
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While it can be a laborious process for scammers, it's lucrative. According to the FTC's Consumer Sentinel Network, roughly 64,000 people reported romance scams in 2023, with losses totaling $1.1 billion. Debt scams Legitimate debt collection agencies routinely contact consumers to collect debt...
Kenya’s president has called for a global debt relief deal to help indebted African nations fight the damaging effects of climate change, insisting the two issues are indelibly linked. William Ruto said most countries on the continent lacked the finance needed to address a range of pressing issu...
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CFPB Sues California Law Firm Over Alleged Debt-Relief Scam.(Consumer Finance)(Consumer Financial Protection Bureau)Byline: Kate Berry The Consumer Financial Protection Bureau has taken its first civil...Berry, Kate
They ran a buffet restaurant by day. On the side, they were key to a $6 million luxury-car scam. Aug. 6, 2024 at 5:39 p.m. ETby Lukas I. Alpert How financial ‘sextortion’ scams became an epidemic on social media — with tragic consequences ...