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Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
U.S. Bank protects customers from overdraft fees by automatically pulling up to $50 from linked accounts or, if you are charged a fee, allowing qualified deposits on the same day to avoid any ...
Predatory lending is the practice of overcharging a borrower for rates and fees, average fee should be 1%, these lenders were charging borrowers over 5%. [19] Consumers without challenged credit loans should be underwritten with prime lenders. In 2004, 69% of borrowers were from subprime lending.
It's always a good idea to practice due diligence around your money, especially when taking financial advice from someone you don't know. Check Out: 100 Most Common Money Scams and How To Avoid ...
3. ‘I’m a Nigerian prince.’ The “Nigerian prince” scam is one of the oldest since the internet was invented. A wealthy individual claims they can’t access their money for some reason ...
6 Investment Scam Red Flags and How To Avoid Them. Scammers are getting better and better at what they do. If you think your money is safe, maybe double check that you know exactly who is handling ...
9. Cash advance apps. If you earn a regular paycheck but are finding you’re short of cash in between pay periods, a cash advance app may bridge the gap without committing you to a new long-term ...
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