Loan restructure and fake refinance scams

Loan restructure scams In the list of top 10 scams for 2007, Foreclosure rescue scams came in at Number 7. As if people who fell behind on mortgage payments didn’t have enough troubles, an increasing number became victims of foreclosure rescue frauds. In the list of top 10 scams for 2007, Foreclosure rescue scams came …

Foreclosure and Foreclosure Avoidance Scams

Foreclosure and Foreclosure Avoidance Scams As soon as news of subprime lending problems made it to Fox News and front page headlines across the world a new version of an old scam started to show up – Foreclosure avoidance Usually your own mortgage company will help with foreclosure avoidance. In fact the problem got so …

Debt Collector credit cards and how the scam works

Debt Collectors offer a credit card – how the scam works Debt collectors send inviting offers to some debtors and actually offer you a credit card that you can use to pay off your old debt – normally credit card debt. This scam works because many people believe they are doing the right thing by …

The CompuCredit and Jefferson Capital Scam

A credit card to pay off charged off debt Let’s explain how this scam worked by quoting the FTC after these two scammers were exposed: CompuCredit Corporation, a company marketing Visa and MasterCard credit cards to consumers in the subprime credit market, has agreed to reverse fees charged to eligible consumers’ accounts to settle allegations …

Credit Card Settlements and how this scam works

Credit Card Settlements – how the scam works You might want a settlement on your credit card bill for a number of reasons. Job changes, the credit card company raised your interest rate, or divorce are just a few reasons. A settlement is where you pay off your credit card for less than the total …