Avoid Financial Scams
Often predators target people who are seeking relief from financial stress. Below are a few trusted sources that explain how to recognize a scam and what to do if you encounter one. Also, feel free to reach out to our professional financial counseling team if you think you may be dealing with a financial scam situation.
Collection Scam Alert: What to Look For
Some of the latest scams in the collection world are companies trying to "collect on debts" that people do not owe. Usually the consumer will receive a hostile collection call from the ‘scammer’ and then soon receives an official-looking collection letter that threatens legal action if the debt is not paid immediately. The ‘scammer’ will then usually offer to settle for much less than the original debt to make it appear that they are offering a really good deal if the consumer can pay right away. (Wow! Aren’t they so nice?) The catch? You probably don’t even owe this debt. Read this full article on our Sense & Centsibility Blog
VISA & MasterCard Telephone Credit Card Scam
Avoid debt relief and debt settlement scams
Avoid predatory mortgage assistance and phony mortgage payment relief scams
Avoid reverse mortgage fraud and abuse