Give Yourself Some Credit (Credit Reports, that is)

Your credit report has a summary of your credit history. For example, if you’ve been evicted and a landlord turns uncollected rent over to a collection agency, that might be on your credit report. Information in your credit report affects your credit score. That’s important because businesses — like insurance and phone companies — use … Continue reading Give Yourself Some Credit (Credit Reports, that is)

Avoid Payment Scams While Rebuilding Your Finances

Over the past year, the Coronavirus created financial problems for many people. Maybe you’re one of them. As you work to regain your financial footing, scammers will continue to try to steer you off course. Here are a few ways to spot, stop, and report payment scams. Asked to pay with gift cards? Don’t do … Continue reading Avoid Payment Scams While Rebuilding Your Finances

Managing Your Bills During The Pandemic

COVID-19 has thrown the economy into a tailspin. As people have been laid off, furloughed, or are working fewer hours, bills can pile up. This week, for Financial Literacy Month, we’re looking at ways to manage — and today, it’s all about dealing with debt. Here are some ideas to start regaining your financial footing … Continue reading Managing Your Bills During The Pandemic

Sample Letter for Disputing Billing Errors

Below is a sample letter than you are free to use for those who are billing you for the wrong amount or who are billing you fraudulently. Make sure that the address you send it to is legit before you mail it. Unfortunately, scammers are not going anywhere! Use this sample to draft your letter … Continue reading Sample Letter for Disputing Billing Errors

The Top Frauds of 2020

2020 was a tough year. Between the pandemic and the economic crisis, we all had our hands full. And scammers didn’t take any time off either — 2020 was a busy year for fraud. In 2020, the FTC got more than 2.2 million reports about fraud, with people telling us they lost nearly $3.3 billion. Here’s … Continue reading The Top Frauds of 2020

Scam “US Trading Commission” Website is Not the FTC

by Seena GressinAttorney, Division of Consumer & Business Education, FTC It’s often said that imitation is the sincerest form of flattery, but we are not flattered at all by a scam website designed to look like a Federal Trade Commission site and steal your money.  The imposter calls itself the US Trading Commission and uses … Continue reading Scam “US Trading Commission” Website is Not the FTC

Target for New COVID Scam: Small Business Owners

by Lesley FairAttorney, Division of Consumer and Business Education, FTCT There’s a new coronavirus-related scam making the rounds, but this time the crooks are targeting small businesses. It starts with an email that claims to come from the “Small Business Administration Office of Disaster Assistance.” It says you’re eligible for a loan of up to $250,000 … Continue reading Target for New COVID Scam: Small Business Owners

More Money from the Government? Really?

by Jennifer LeachAssociate Director, Division of Consumer & Business Education, FTC Congress has just passed another bill to help the people whose finances are taking a beating from the pandemic. Once again, some of us will be getting money by check or direct deposit. The timing and details are still TBA, but here’s what we … Continue reading More Money from the Government? Really?

🎅Santa Doesn’t Need Your Social Security Number🎅

by Jim Kreidler, Consumer Education Specialist, FTC This year, during the pandemic, your holidays might be moving a bit online. On the 10th day of Consumer Protection, maybe you’re planning to send e-cards to family and friends. Or maybe your kids are writing their letter to Santa online, using a site that promises a customized letter … Continue reading 🎅Santa Doesn’t Need Your Social Security Number🎅

Gift Cards Can Be Scam Cards

Even in Santa’s workshop, gift cards are definitely not one of the most popular ways to give to family and friends for the holidays. But gift cards also are a favorite way for scammers to steal people’s money. Anyone who demands that you pay them with a gift card, for any reason, is always a … Continue reading Gift Cards Can Be Scam Cards