FTC Settlements Ban Fraudulent Debt Collectors from Debt Collection Business and from Buying or Selling Debt

The operators of a Georgia-based debt collection business that allegedly used false claims and threats to get people to pay debts – including debts they did not owe or that the defendants had no authority to collect – are banned from the debt collection business and from buying or selling debt, under settlements with the …

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Should You Consider a 401k Loan to Repay a Personal Loan?

According to the Investment Company Institute, there’s nearly $4.5 trillion in 401k retirement accounts representing about 18% of all retirement assets. But many people for various reasons have taken out a 401k loan. Even though they’re popular, 401k loans can be confusing. Making a bad decision on a 401k loan could put your retirement savings …

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3 Money-Saving Sites That Will Make You Feel Like an Insider

Is there any better feeling than scoring a deal? Conversely, finding out that you overspent on a purchase can leave you feeling angry, sorrowful, and just overall unhappy. Luckily there are now more tools than ever to help you save money when shopping online. More specifically, these useful sites can often make you feel like …

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Which Debt First?

I have a 30-year loan on my townhouse with 7% interest. I paid $75,500 and three years later I owe $73,000. My only other debt is a 6-year new car loan with 12.6% interest. I paid $23,770 and have not made my first payment yet. If I have extra money each month to pay towards …

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Hurricane Season Tips

How to prepare for and recover from a storm and avoid charity scams The 2018 hurricane season has arrived. The Federal Trade Commission has information to help you prepare for, deal with, and recover from the long-term impacts of a hurricane, as well as information on giving wisely to help those in need. Preparing for …

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Anatomy of a Fake Check Scam

Fake checks drive many types of scams – like those involving phony prize wins, fake jobs, mystery shoppers, online classified ad sales, and others. In a fake check scam, a person you don’t know asks you to deposit a check – sometimes for several thousand dollars and usually for more than what you are owed …

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FTC Takes Action against the Operators of Copycat Military Websites

The operators of copycat websites army.com and navyenlist.com have agreed to settle Federal Trade Commission charges that they targeted people seeking to join the armed forces and tricked them by falsely claiming to be affiliated with the military in order to generate sales leads for post-secondary schools. The defendants, including the Alabama-based companies Sunkey Publishing, …

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