If you are one of the many Americans experiencing financial difficulties from a job loss, illness, or overspending, you might be feeling overwhelmed as you fall behind in your responsibilities. With mounting debt, crumbling credit, or even the possibility of losing your home, any offer of debt relief can sound very enticing. If you encounter a company that claims it can fix your credit, or that offers quick solutions to helping you to avoid foreclosure, you should always be wary, particularly if they ask for money upfront. Many of these companies end up taking your money, but never provide you with any services. Continue reading Outsmart Scammers: Stay On Guard Against Credit Repair Schemes »

Valerie K: I met someone on an Internet dating site late August, and fell head over heels with this man. Long story short, I am the most gullible individual in the world. He has taken approximately $15K from me over time until about a month ago, as I kept him close thinking I could find somebody that could help me, but I am disabled.  I thought this person was legitimate, but he has taken money I needed for surgery and to pay bills, as I don’t make too much per month. How could I have known?

JW: If you become involved with someone through the Internet, remember that you do not know the person, no matter how much you chat online, and no matter how much they sweet-talk you. Con artists are able to trick unsuspecting people into thinking they are interested in a long-term relationship, and over time they gain your trust and use that trust to rip you off.  I’m sorry that’s happened to you. We turned to The National Consumers League for some tips on how to spot what they call a “sweetheart swindler,” and here’s what they came up with Continue reading How Can I Avoid Online Dating Scammers? »

Randy F: I was wondering what is the best way to report a company for fraud? They took over $42,000 from my wife and I to do work on my house then skipped out before the work was done. We paid cash in full, and even took out loan on the house.

JW: Randy, if you’ve been scammed by a contractor, obviously you need to notify your local police and file a report.  Your next step is to report the scammers directly to the Federal Trade Commission, either online at ftc.gov, or by phone at 1-877 - FTC HELP. We got a few tips from the FTC on how to protect yourself from these con men, so they don’t get a chance to get your hard-earned money Continue reading How Can I Avoid Contractor Fraud? »

Linda Y: Are debit credit cards safer than regular credit cards? Should you be as safe with them giving out the numbers to stores and ordering over the Internet?

JW: Debit cards are certainly becoming more popular, and you have good reason to be concerned. After checking around, I discovered that while federal laws say you’re not liable for more than $50 if your credit card is used for unauthorized charges, the money for debit card purchases is transferred almost immediately from your bank account, no matter what the amount. Continue reading Should I Use A Debit Card For Online Purchases? »