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Payday loan and advance fee scams. Scammers often pretend to be an employee of a legal, well-known payday loan company and target people down on their luck financially, according to...
15 lut 2024 · Knowing the risks of payday loans and associated scams can keep you from losing money, or worse: becoming a victim of identity theft. In this guide, we’ll explain what payday loans are, red flags to look out for when applying for a new loan, and what to do if you think you’re the target of a scam.
Debt 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.
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18 sty 2024 · There are five primary types of payday loan scams: counterfeit payments, loan fee scams, no-credit-check scams, debt consolidation scams and debt collection scams. Here’s how to spot them: Counterfeit payments
12 lis 2019 · By law, anyone representing a collection agency and attempting to collect on an outstanding debt must send a validation letter to the debtor. This letter will inform the borrower that they can dispute the debt within 30 days.
5 paź 2017 · WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans.
