![]() ![]() Foreclosure relief or mortgage loan modification scamsįoreclosure relief or mortgage loan modification scams are schemes to take your money or your house, often by making a false promise of saving you from foreclosure. What to do: You can double-check whether the business is an FDIC-insured bank by using the lookup page on the FDIC’s site, called BankFind. ![]() Some of these scams could be related to cryptocurrencies. Sometimes, a scammer displays the FDIC logo, or says its accounts are insured or regulated by the FDIC, to try to assure you that your money is safe when it isn’t. The FDIC logo is displayed on buildings, websites, advertisements, and other materials from its member banks. Learn more about the risks of working with a debt settlement or relief company. Instead, you can work with a free or nonprofit credit counseling program that can help you work with your creditors. What to do: Avoid doing business with any company that guarantees they can settle your debts, especially those that charge up-front fees before performing any services. Dealing with debt settlement companies, though, can be risky and could leave you even further in debt. Debt settlement and debt relief scamsĭebt settlement or relief companies often promise to renegotiate, settle, or in some way change the terms of a person's debt to a creditor or debt collector. You can use this sample letter to request more information. What to do: Don’t provide any personal financial information until you can verify the debt. But there are scammers who pose as debt collectors to get you to pay for debts you don't owe or ones you’ve already paid. Most debt collectors will contact you to collect on legitimate debts you owe. ![]() Learn more about how to avoid a charity scam. Look up the charity through their website or a trusted third-party source to confirm that the charity is real. What to do: Ask for detailed information about the charity, including address and phone number. Be careful when any charity calls to ask for donations, especially ones that suggest they’re following up on a donation pledge you don’t remember making. These kinds of scams often increase during the holiday season as well as around natural disasters and emergencies, such as storms, wildfires, or earthquakes. Common types of fraud and scams Charity scamsĪ charity scam is when a thief poses as a real charity or makes up the name of a charity that sounds real in order to get money from you. Learn what to watch for and what steps to take to keep yourself, your loved ones, and your money safe. Here are some of the most common types of fraud and scams. ![]()
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