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Credit repair is a $6.5 billion industry that's rife with fraud and scams. While credit repair companies often claim they can "erase" bad credit or boost your scores, claims like these are usually ...
Since its launch in 2011, the CFPB has distributed more than $3.3 billion to consumers harmed by a range of illegal practices, such as student loan and mortgage relief scams and predatory lending.
Debt relief and credit repair scams involve a scammer who claims to be able to eliminate your debt or increase your credit score by a specific amount. They typically request a large upfront ...
Not all credit repair companies are bad. Some can actually help you build credit.
The owner of a credit repair company was arrested after Texas authorities accused her of using fake police reports to fix her clients’ credit in a multimillion-dollar scheme.
• Don't use internet search engines to find AOL contact info, as they may lead you to malicious websites and support scams. Always go directly to AOL Help Central for legitimate AOL customer support. • Never click suspicious-looking links. Hover over hyperlinks with your cursor to preview the destination URL.
Around 15% of American households fell victim to a financial scam in 2023. American consumers lost a total of $8.8 billion to fraud and scams in 2022. Scams are everywhere these days, and...
November 15, 2022 at 5:30 AM. ... Service/Repair scams. In these scams, the victim is tricked by a fake business into paying for some fake service, such as credit repair or internet services ...