Posts Categorized: Scam

Avoid These 6 Top Scams that Damage Your Credit Score

damage-credit-scams

When you think of scams, stolen cash or unauthorized charges on your credit card might come to mind first. While these losses can have an immediate impact, there’s the potential for credit score damage, too, with even more costly long-term effects. Whether it’s credit scams or other tricks that hurt your score, watch your walletread more

5 Problems with No-Interest Financing Offers

no-interest-financing-cash

You’ve likely seen no-interest financing offers in stores or when shopping online. They’re common at places like Best Buy, which advertises these offers on its website. While they aren’t necessarily scams, they can be a bad deal for consumers. Most of these offers are actually financed by opening a new credit card account. Shoppers won’tread more

Help! Someone Is Using My Social Security Number

someone-using-my-social-security-number

Identity theft is one of the top issues among U.S. consumers. The FTC received about 369,000 complaints for identity theft in 2012, which ranked highest among all categories. Thieves can do a variety of things with your personal information, including your Social Security number. Whether it’s opening fraudulent accounts or a tax refund scheme, these cases ofread more

Rent-to-Own Stores: Why You Shouldn’t Pay 311% Interest

kitchen appliances

Rent-to-own stores are a big business. According to Consumer Reports, this industry is worth about $7 billion in annual sales with 8,600 stores in the U.S. and Canada run by leaders in the industry like Rent-A-Center and Aaron’s. Customers often look to rent-to-own stores for furniture, appliances, and electronics they want or need now withoutread more

How to Avoid Scams: 10 Tips to Keep Your Money Safe

Scams aren’t a new problem, but with the proliferation of the Internet, they’re a growing one. The Internet Crime Complaint Center received more than 300,000 complaints in 2011, with a total value lost of $485 million. Including other types of scams, like those that that happen off-line, and other bad deals consumers encounter, this number is muchread more