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Bookmark or Share- Debt Relief and Credit Repair Scams - Federal Trade CommissionDebt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or otherwise reduce consumers' repayment obligations. These operations often charge cash-strapped consumers a large up-front fee, but then fail to help them settle or lower their debts – if they provide ...
- Scammers prefer gift cards, but not just any card will doAccording to reports received by the FTC, scams demanding gift cards most often start with a phone call from someone impersonating a well-known business or government authority. 5 Many people report that a scammer posing as Amazon or Apple told them to send pictures of the numbers on gift cards to fix a supposed security problem with their ...
- Who’s who in scams: a spring roundup - Federal Trade Commission[9]Credit cards, debit cards, and payment apps and services were the top three most reported payment methods, though people tended to report losing less money to the scammer. In 2023, the median individual reported losses for these payment methods were as follows: payment app or service ($380), credit card ($136), and debit card ($110).
- Romance scammers’ favorite lies exposed - Federal Trade Commission[10] In 2022, the median individual reported loss was $700 when gift cards were identified as the payment method on romance scams. For comparison, the median individual reported losses on other top payment methods were as follows: $10,079 (cryptocurrency), $10,000 (bank transfer or payment), and $650 (payment app or service).
- FTC Sends More Than $11M in Refunds to Consumers Affected by Credit ...The FTC and the State of Florida alleged that the company’s owners, Steven D. Short and Karissa L. Dyar, used a variety of phony business names with associated websites, cold-called consumers with credit card debt and falsely promised to save them thousands of dollars by reducing their credit card interest rates. The FTC says that the ...
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