Credit Scam

Stranded Traveler Scam

admin — Tue, 14 Jun 2011 17:44:44 +0000

Credit Scam: With the rise of hijacking of e-mails an original scam from the advent of the world wide web is back. The good old “Help I am stranded send money” scam is making a return. These scams are simple in nature and rather easy to unravel if you think about it for just a few minutes. Often times the e-mails are very poorly worded, and barely understandable in English. Probably not something your father would send you while he is sitting next to you and obviously not in London. Never the less these scams have been around forever and are making a strong come back, when you get an e-mail like this from someone notify them that their e-mail has been hacked and that someone is sending out a scam e-mail from their account. This way the person can notify anyone who may have received the e-mail to ignore it and that they are not stranded without any money in a foreign country. Think before responding to any e-mail that you would consider a little fishy. These things are always a little bit plausible and slightly convincing, but common sense and not panicking can easily unravel the truth of the situation being it is a scam attempt. Be weary of anything that seems suspicious coming through your e-mail, this is only one example of a scam through e-mail and there are plenty others out there. Some of the best ones are completely convincing and will have the majority of people sending money immediately. Credit Scam.

Senior’s Target by Scammers

admin — Mon, 13 Jun 2011 17:39:05 +0000

Credit scams come in many different way shapes and forms, however there is one type out there that is specifically disconcerting. The specific targeting of senior citizens that may not be on the up and up with some of the newest technology have had this used against them. American Precious Medals LLC is the newest company to be struck down by the courts for engaging in credit fraud targeting senior citizens. This company specifically targeted senior citizens through a scam on investing in both gold and silver, talking about there is no better time to invest than now. What they didn’t tell you was that your initial investment wouldn’t get you any returns, and you would be required to invest further to have any chance at making any sort of money. It is scams like these known as credit fraud that target a certain demographic due to their vulnerability and not understanding how certain things in companies work. Through not explaining the fine print associated with a credit investment in gold and silver they were able in most cases to take the persons assets and keep them invested for long periods of time. The specific sales pitch consisted of high pressure buying situations in which it seemed like they were essentially risk free investments. Scams that pray on the vulnerability of certain parts of society are appalling and must be put to a stop as fast as possible. I urge anyone who has heard of such scams to contact local law enforcement immediately. Credit scam.

Scam Scam Scam Check Fraud

admin — Sun, 12 Jun 2011 17:08:00 +0000

Credit Scam: There are many types of scams present for people to fall victim to, being weary and avoiding things just isn’t enough anymore. The scams now specifically target you, and will even show up at your house to state that you have won something, or you have been selected to participate in something. These types of scans often times involve depositing a check and making withdrawals against it, and then the people who sent it will simply cancel the check and you will be out the money. Another common scam that is becoming more common with the downturn of the economy, is the credit scam. Through the credit scam people will write out a check to a company that is supposedly able to repair your bad credit, yet will never do anything. These companies can often times look very official, and when you go to verify anything it will seem to check out. The companies are disguised very well amongst legitimate information. The companies are very good at hiding their true intentions, yet when it comes time for you to receive any type of service the company will no longer be there. In New York specifically there were reports of 5,455 issues with creditors alone. This is just one type of scam, but if it is being reported in those staggering numbers, people must be aware of them. Always be weary of anything that seems too good to be true, nothing is free and there is no-such-things as free money except for the person performing the scam.

Preventing Foreclosure Scam

admin — Sat, 11 Jun 2011 16:52:12 +0000

Eddie Long just received his judgment from the state of North Carolina, this new form of scam has become rather popular amongst people. More and more people are falling into the loan modification or credit repair scams that are out there. This one is simply another company that was charging money up front for services, which is a violation of federal financial laws, and was delivering nothing in return to the client. Loan modification scams have become extremely popular with the housing market crash, and people who bought when the market was really high. These people are already in financial trouble and something like a loan modification scam only hurts them further. My advice for anyone who is looking to do a loan modification is to always look up the information for the company. With the simple research online of a company that is offering this service can actually tell you a lot about the company. Always make sure that you never pay anything up front as often times loan modification scams only want your money. If the first thing that a company wants is a large check from you, first of all refuse to give it to them, and make sure that the company is legitimate. Companies that are based off of scams will simply ask for your money and than will never contact you again. Beware of some of the key things in loan modification, specifically the interest rates and how it will change for you. Looking at these things can help you avoid a scam from any angle.

Internet Scam Artists

admin — Fri, 10 Jun 2011 05:19:58 +0000

Credit Scam: Alberta Online Firms is accused of using the internet to defraud millions of dollars through an online scam. The company is accused by the Federal Trade Commission of scamming customers into trying products that are supposedly free, and than charging them for things they never agreed to. The company like so many others has several different online marketing brands associated with it. This scam takes advantage of people through the products being free trials that after a period of time simply start charging you for services either without any notice at all, or through a loop hole that you technically agreed to. The advertisement for the scam took place through pop up advertisements on the internet, and operated off of a monthly charge system. The charges to someone’s credit cards started occurring automatically and without any sort of way to cancel the membership they never agreed to. Scams like this take advantage of people who are simply looking to try out software or a product for free, yet end up getting charged an outrageous amount of money without their knowledge or consent. The company supposedly offered a money back guarantee according to the FTC, yet most of the clients of the company were unable to secure a refund or cancel the recurring charges. Scams like this that simply charge people for products they either do not want or did not agree to pay for must be addressed, and although tracking some of these internet based companies is difficult it must be done to bring those to justice. Credit scam.

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admin — Wed, 18 May 2011 15:53:32 +0000

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