SENSE AND CENTSIBILITY Consumer Alert: 5 Ways to Spot a Loan Modification Scam
Many homeowners are facing a seemingly never-ending sea of document requests and resubmission of paperwork to their lenders. There is an increase in mail and telephone solicitations as well. Many of t... Posted on 4/25/13 at 10:09 AM
REAL MONEY Financial Exploitation of Elders
World Elder Abuse Awareness Day recently focused on the increasing financial exploitation of the elderly population. Taking advantage of the elderly and vulnerable can come in two forms:
Outside sour... Posted on 6/25/12 at 7:00 AM
An Alexandria woman answered a phone call last week and the conversation went something like this:
“Hello, Grandma – this is your grandson.”
“Nicholas, is that you? You sound a little funny.”
“Yeah, I’ve been a little sick lately, getting over a sore throat. But, Grandma, something terrible has happened and I didn’t know who else to call.”
When a severe storm rumbles through a community, most often, friends, family and neighbors help pick up the pieces left behind. Storms can leave a mess for homeowners to clean up, especially if there was damage from hail, straight-line winds or tornados.
Relying on reports from online security experts, the Better Business Bureau (BBB) of Minnesota and North Dakota is warning consumers to be on the lookout for fraudulent e-mails and websites trying to take advantage of the current swine flu H1N1 outbreak.
Scams. They happen everywhere, all the time, to all types of people. Young, old, rich, poor – to a scammer, it doesn’t matter. What does matter is making money. And in most cases, lots of money, thousands of dollars at a time.
Minnesotan grandparents report a new scam where a con artist impersonates a grandchild in distress. The con artist exploits the love and generosity of the grandparent by pretending to be a grandchild in trouble and in need of emergency funds.
By the Office of Minnesota Attorney General Lori Swanson
, December 30, 2008
How high can the rates and fees go? Many contracts allow a credit card company to raise rates and fees significantly for little or no reason. Low introductory rates can quickly turn to high rates that can cause a spiral of debt.
With a struggling economy and a shortage of credit, many consumers are financially squeezed and looking for help. Some people may be looking for new ways to obtain financing or additional income from sources where they have not sought it before. In these difficult economic times, there are scam artists waiting to take advantage of those whose budgets are squeezed with financial scams.
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