How the financial introduction scam works

How the introduction scam works This is a simple scam that is used on people with marginal credit and there is no reason to fall for the scam. The introduction scam is a needless expense that uses a middleman. This scam cons people in one of two ways. The scammer runs a newspaper ad that …

Protecting Against The Madoff Scam :: Financial Scams

Protecting Against The Madoff Scam There are a few good ways to protect yourself when investing, and some of the ideas are no different from ideas on the street when we were young. First and foremost is the idea that “if it sounds too good to be true…” The number one way to protect yourself …

Editorial – The History of Subprime and Predatory Lending :: Financial Scams

The History of Subprime and Predatory Lending Many other countries have not gotten down to the dirty task of lending money for housing to people who can’t afford it and then financially leveraging the loans to create billions in false value. That’s what the U.S. has done and it has the potential to impact people …

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 …