Hutchinson: Think carefully before cosigning a loan
Cosigning for a child with no credit record to buy a first car may be a good decision; cosigning a credit card for a delinquent brother-in-law not so much.
There are 49 article(s) tagged Better Business Bureau Of The Mid-South:
Cosigning for a child with no credit record to buy a first car may be a good decision; cosigning a credit card for a delinquent brother-in-law not so much.
“Pig butchering” alludes to the practice of fattening up a hog before slaughter. The investment scam originated in Southeast Asia and spread worldwide during the pandemic.
If it’s important to you that a product is truly made in the United States, research the reputation of the manufacturer or marketer making the claim, including with the BBB, to be sure they’re trustworthy.
“It’s best to give to a campaign organized by someone you know. If you don’t know the organizer, check out the story as best you can and gauge the amount of your donation against the risk it may not be true.”
The FTC’s Contact Lens Rule requires prescribers to provide copies of prescriptions automatically — that is, the patient shouldn’t have to ask for it — and at no extra charge.
If you’re buying it from an online-only dealer, be sure you understand the return and refund policy and that the dealer’s reputation indicates it will stand behind the policy.
The FDA says you may be putting your personal and financial information at risk when you deal with unsafe online pharmacies.
More than one in four people who reported to the Federal Trade Commission that they lost money in a scam in 2021 say it originated on social media, an 18-fold increase over 2017.
While the apps are a legitimate payment method, using them involves some risks that are greater than paying with a credit card.
From July 2020 to June 2021, 96,000 people reported an Amazon scam to the FTC. Only a small percentage of people report scams, so the actual numbers are much higher.
Opinion: Even Tom Selleck would agree it’s important to carefully consider all the pros and cons of a reverse mortgage.
More than 6,900 people filed a complaint about home security companies in 2020, ranking them No. 32 among the thousands of types of businesses receiving complaints.
Even if an MLM opportunity is legitimate, AARP and the FTC say most participants still make little or no money.
Some companies may have a short-term cash flow crunch that makes them vulnerable to deceptive lending practices.
You want to be sure that your credit information is accurate and current before you apply for a loan, buy insurance, apply for a job, or try to rent an apartment or other housing.
The FTC and BBB recommend discussing with experts plans to invest in any real estate development outside the U.S.
RoboKiller predicts that scammers will design even smarter, more believable phone scams in the future. Spam calls could reach 70 billion and texts 90 billion by the end of 2021.
Nigerian letter scams now reap only $700,000 annually, but the same crooks get billions of dollars from more sophisticated scams: ‘That Nigerian prince has grown up, has gone to college, and has found a new, lucrative career,’ says an expert.
The variety of COVID-19 scams we’ve seen since the beginning of the pandemic are overwhelming.
Some of the biggest breaches include one at Marriott that affected over 5 million customers and one at Nintendo that compromised 300,000 user accounts. At least five state unemployment databases have been hacked.
According to Black Knight, a mortgage technology and data provider, mortgage delinquencies almost doubled in April. That’s fodder for mortgage relief scammers.
Consumers who were exposed to a cryptocurrency scam were far more likely to fall for it and lost far more money than the average for all scams. The median loss in a cryptocurrency scam was $3,000 compared to $160 for all scams.
The FBI issued an alert warning that with schools closed and other activities curtailed, children spending more time at home and online are at greater risk.
In today’s coronavirus crisis, crooks impersonating the government promise seniors government grants and stimulus payments in exchange for an upfront fee or confidential information they’ll use to commit identity theft.
In its first coronavirus-related fraud case, the Department of Justice shut down the website “coronavirusmedicalkit.com” that offered consumers a World Health Organization vaccine kit. There are currently no legitimate vaccines.
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