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  • Phantom Debt Collectors Settle FTC Charges of Deceiving Consumers

    A North Carolina debt collection operation, Lombardo, Daniels & Moss, and its principals, Dion Barron and Charles R. Montgomery III, will be banned from the debt collection business under settlements resolving Federal Trade Commission charges that they...

    • Posted June 22, 2018
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  • Strengthening the Financial Future of America’s Young Workers

    Each year, millions of young adults enter the workforce and take the first steps toward building their financial futures. Since 2014, the Bureau has worked to help job training programs prepare young adults for the key financial...

    • Posted June 22, 2018
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  • The Ten States With the Most Credit Card Debt

      The New York state comptroller’s office just released information about credit card debt in the United States. The four states with the highest populations had the most overall credit card debt in 2017. California, the most...

    • Posted June 21, 2018
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  • Winners are Losers in Lottery & Sweepstakes Scams

    You get a card, call, or email telling you that you won! Maybe it’s a lottery, sweepstakes, or some other prize. The person calling is excited and can’t wait for you to get your winnings. But here’s...

    • Posted June 21, 2018
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  • What You Should Know About ID Theft After Death

    Imagine your grandmother calling you and saying she thinks your grandfather who passed away two months ago is still alive. She explains that she keeps getting credit card bills in his name and wants to know if...

    • Posted June 21, 2018
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  • Online Giving Portals: What Should You Know?

    A common phrase in the world of charities is that there are many ways to give. Making an online donation is one way, and using an “online giving portal” is becoming a popular option. Check out our...

    • Posted June 20, 2018
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  • No Gift Cards for Tech Support Scammers

    Hey computer users, it’s time for a pop quiz. A) You get an urgent call or email from a tech support company, saying your computer has a problem. Should you give the company remote access to your...

    • Posted June 20, 2018
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  • Saving for a House: Ideas From People Who Have Done It

    Saving for a house can be a daunting task, but is one of adulthood’s most exciting milestones. You’re settling down into a new home, but you’re also giving up a large sum of your money in the...

    • Posted June 20, 2018
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  • Google is NOT Calling You

    Have you gotten a robocall at work, telling you that you have to take action or your Google business listing will be removed? Or maybe even marked as permanently closed? That kind of thing could be tough...

    • Posted June 19, 2018
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  • Share Financial Information with Your Spouse Now to Avoid Problems Later

    It’s common for couples to share their financial lives but not the responsibility for managing household finances. It might be time-consuming for both of you to review your bills, as well as spending and savings plans each...

    • Posted June 19, 2018
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  • 7 Easy-To-Start Side Hustles Ideas You Might Not Have Thought Of

    These days it seems like just about everyone is talking about the need for a side hustle. As a result, you may be pondering what extra earning opportunities are out there for you. Unfortunately, when looking for...

    • Posted June 18, 2018
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  • 401k Loans: Borrowing Your Money

    Dear Dollar Stretcher, We’re going to buy a newer car. We’ll need to borrow about $12,000 to pay for it. Our friends have suggested that the best way to finance it is by ‘borrowing’ from our 401k...

    • Posted June 18, 2018
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  • Operators of Student Loan Debt Relief Schemes Settle FTC Charges

    The settlements stem from an FTC-led enforcement sweep announced last year The defendants in two student loan debt relief cases have agreed to settle Federal Trade Commission claims that they charged consumers illegal upfront fees and falsely...

    • Posted June 15, 2018
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  • Asked to pay by gift card? Don’t.

    Has someone asked you to go get a gift card to pay for something? Lots of people have told us they’ve been asked to pay with gift cards – by a caller claiming to be with the...

    • Posted June 15, 2018
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  • Complaint snapshot: An analysis of debt collection complaints

    > In our latest Complaint Snapshot, the Bureau of Consumer Financial Protection examines complaint trends, with a focused look at complaints about debt collection.  Since July 2011, the Bureau has received approximately 400,500 debt collection complaints, which...

    • Posted June 15, 2018
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  • New List Identifies More Ways to Access Credit Scores—for Free

    Did you know that checking your credit scores and credit reports is one of the first steps toward learning more about your credit history? You can request your credit reports for free every 12 months from each...

    • Posted June 14, 2018
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  • Writing a Craigslist Ad That Sells

    Craigslist is by far the easiest (and cheapest) way to sell all that junk cluttering your house. It’s as simple as posting a listing for the item(s) you are trying to sell, and then waiting for the...

    • Posted June 14, 2018
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  • Things My Dad Taught Me About Money

    Some of the fondest moments memories in my life are of helping my Dad around the house and listening to him explain why he did and didn’t do things. Although I didn’t know it at the time,...

    • Posted June 13, 2018
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  • 4 Tips for Eating Healthy While Still Saving Money

    A couple of weeks ago, I mentioned that maintaining your health was more important than saving money. While retaining insurance is one example of that, the same concept can often apply to the foods we buy and...

    • Posted June 13, 2018
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  • Work-at-Home Scams Lead to Business Coaching Schemes

    In the business world, “leads” refer to the contact information of potential customers. In the scam world, it means the same thing. While scammers find their targets in all kinds of ways, one method is to go...

    • Posted June 13, 2018
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  • Compound Interest for Poor People

    Please don’t tell me that if I had $1,000 and invested it for 10 years at 10% interest I’d have a big pile of money. I don’t have $1,000 and paying next month’s bills is my biggest...

    • Posted June 12, 2018
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  • A Management Tool for Expenses

    Dear Dollar Stretcher, I want to make a grocery budget but I am not sure what to include on that list. Do you include your household items such as light bulbs and laundry needs? Regular household needs...

    • Posted June 12, 2018
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  • FTC Action Halts Deceptive Robocalls Aimed at Small Business Owners

    The Federal Trade Commission has charged a Florida-based scheme with deceiving small business owners by falsely claiming to represent Google, falsely threatening businesses with removal from Google search results, and falsely promising first-place or first-page placement in...

    • Posted June 12, 2018
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  • Estate Planning in the Digital Age

    Complete Estate Planning Guide In The Digital Age An important note: This Estate Planning article highlights many legal elements and is not meant to offer advice. See disclosure. It is important to talk with a lawyer when...

    • Posted June 7, 2018
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  • Update for Amazing Wealth System

    The FTC recently sued the companies and individuals responsible for the Amazing Wealth System — also known as Amazon Wealth Systems, FBA Stores, AWS, Insider Online Secrets, Online Auction Learning Center, and Online Seller — which ran...

    • Posted June 7, 2018
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  • What to Know if You Are Facing Foreclosure After a Natural Disaster

    Many people are still suffering the consequences of natural disasters. For example, in 2017 there was Hurricane María in Puerto Rico, Hurricane Harvey in Texas, Hurricane Irma in Florida, and the devastating wildfires in California. Even after...

    • Posted June 7, 2018
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  • Pay With GasBuddy Review

    I don’t remember what it was like to drive to new places before I had GPS on my phone — how did I get anywhere? Similarly, I don’t know how I survived road trips before I had...

    • Posted June 6, 2018
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  • Don’t Get Caught Doing These Things in Your Yard

    Whoa! I’m not talking about planting skunkweed or doing a nude rain dance in your yard! I’m talking about those budget busting habits that can drain your wallet faster than a nest of termites can chew through...

    • Posted June 6, 2018
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  • Annual Travel Credits: What Are They?

    These days, more and more issuers are positioning their credit cards as premium products, charging equally premium fees. The annual travel credits that come with these cards help to offset hefty annual fees by giving you a...

    • Posted June 6, 2018
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  • FTC Settlement Will Ban Fraudulent Marketers from Invention Promotion Business

    World Patent Marketing allegedly bilked millions from consumers and suppressed criticism Scott Cooper and his companies, World Patent Marketing Inc. and Desa Industries Inc., have agreed to a settlement with the Federal Trade Commission that bans them...

    • Posted June 5, 2018
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  • Buying Better Seafood for Less

    My family is from the south and I grew up eating seafood all the time. We ate all types of fish and shellfish. I love shrimp, lobster, scallops, and all types of fish, especially catfish. Seafood tastes...

    • Posted June 5, 2018
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  • U.S. Department of Education Announces Opportunity for Federal Student Loan Borrowers to be Reconsidered for Public Service Loan Forgiveness

    The U.S. Department of Education (Department) has launched a process for federal student loan borrowers to be reconsidered for loan forgiveness under a temporary expansion of the Public Service Loan Forgiveness (PSLF) Program. This limited opportunity— which...

    • Posted May 29, 2018
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  • The Cost of Commuting (Infographic)

    You may think that a long commute is unavoidable. After all, the average American commutes for nearly an hour a day. Unfortunately, after giving the best 8-9 hours of the day to their employer, many people give...

    • Posted May 29, 2018
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  • A Scam Story: Secret Shopping and Fake Checks

    Scammers need a good story to get to your wallet. Once they find one that works, they use it again and again. One of their old favorites brings together fake checks and secret shopping, and we’ve been...

    • Posted May 29, 2018
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  • FTC Action Halts Deceptive Business Coaching Scheme

    Defendants charged up to $13,995 for coaching, and thousands more for other services The Federal Trade Commission has charged two Utah individuals and their telemarketing operation with deceptively claiming their business coaching services can help consumers start...

    • Posted May 28, 2018
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  • Timeshare Resale Scheme Preyed on Older Adults

    If you’re thinking about selling your timeshare through a resale company, research the company first. Read about this recent FTC case against Pro Timeshare Resales, and you’ll know why. Timeshare Resales is a Florida-based company that called...

    • Posted May 28, 2018
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  • 6 Steps to Protect Your Identity Online

    The 6 Steps To Protect Yourself From Identity Theft Online Identity theft is a growing problem that everyone must take proactive action on. Here are easy to follow steps to protect you and your family from becoming...

    • Posted May 28, 2018
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  • 7 Questions to Ask Before Hiring a Contractor

    Imagine what you could lose, tapping into your home equity only to hire a bad contractor for a home renovation. In this case, prevention is better than cure and the best way to do so is to...

    • Posted May 25, 2018
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  • 3 Types of Insurance That Are Worth Spending Money On

    Insurance is frustrating. While it can surely come in handy in a pinch, it’s hard not to look at the money you spend on a given policy and feel you’ve wasted it if you don’t need to...

    • Posted May 25, 2018
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  • Experts Advise to Live Below Your Means

    Have you ever heard the expression “live below your means,” and wondered what it meant? According to the Huffington Post, living below your means is when “you live a lifestyle below your net income.” Basically, if you...

    • Posted May 25, 2018
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  • Time’s Up for Florida Operation That Pitched Worthless Timeshare Resale Scheme

    Defendants permanently banned from selling timeshare resale or rental services, telmarketing Along with being permanently banned from timeshare resale services and telemarketing, the Florida-based operators behind a deceptive timeshare resale scheme have agreed to surrender approximately $3.4...

    • Posted May 24, 2018
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  • 7 Non-Obvious Ways to Save on a Kitchen Remodel

    Have you been diligently planning what a new kitchen would look like? You’ve probably saved dozens of images from Houzz and Pinterest and even been dreaming about how a new kitchen would bring value to your daily...

    • Posted May 23, 2018
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  • How I Got Rid of 6 Figures of Student Loan Debt in 5 Years

    In the winter of 2011, I learned that the love of my life had over six figures of student loan debt. She was starting her MBA holding a bachelor’s and a master’s degree in engineering and entering...

    • Posted May 23, 2018
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  • Guard Your New Medicare ID Card to Avoid Fraud

    Medicare ID fraud happens when someone uses your Medicare card to get your personal information, like your Social Security or Medicare ID number. A fraudster could steal your identity to open new credit cards or bank accounts...

    • Posted May 22, 2018
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  • Change Your Twitter Password. Now.

    You may have heard the recent news that Twitter discovered a bug that stored passwords “unmasked” in an internal log. What does this mean? If you are a Twitter user, your password could be exposed. Twitter says...

    • Posted May 22, 2018
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  • Mobile Phone Maker BLU Reaches Settlement with FTC over Deceptive Privacy and Data Security Claims

    Agency alleges BLU misled consumers and put their personal data at risk Mobile phone manufacturer BLU Products, Inc. and its co-owner have reached a settlement with the Federal Trade Commission over allegations that the company allowed a...

    • Posted May 21, 2018
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  • FTC Obtains Preliminary Injunction Against Mortgage Relief Operation That Deceived Homeowners

    Defendants sought advance payments for services they never delivered The Federal Trade Commission has charged a mortgage relief operation with deceiving distressed homeowners by falsely promising to make their mortgages more affordable and prevent foreclosure. A federal...

    • Posted May 21, 2018
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  • Defendants Who Took Part in Business Coaching Scheme Settle FTC Charges

    Consumers were told they could earn income through online businesses Five deceptive marketers and the companies they ran are banned from selling business coaching programs and investment opportunities, and from credit card laundering and telemarketing, under a...

    • Posted May 17, 2018
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  • The Subtle Psychology of Credit Cards

    Even when we know that they can be dangerous to our finances, we still feel drawn to use our credit cards. In fact, in today’s fast paced, high tech world, it seems almost impossible to live without...

    • Posted May 14, 2018
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  • FTC: Lending Club Misled People About Hidden Fees

    If you need to borrow money to consolidate credit card debt, make home or auto repairs, or move across country, a personal loan can help cover your expenses. Most personal loans are unsecured, meaning they don’t require...

    • Posted May 14, 2018
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