Browsing: Scams

It’s easy to get an additional income stream in retirement with a reverse mortgage. Reverse mortgages let people tap into their equity without getting a home equity loan. Talking to a financial advisor if you’re thinking about a reverse mortgage is a good idea. Reverse Mortgages: What Are They? As a financial product, these mortgages allow homeowners to take advantage of the equity in their homes without taking out a traditional home equity loan or credit line. In retirement, homeowners can use these mortgages to pay medical bills, consolidate debt or pay for day-to-day living expenses. The federal government regulates…

Although the student loan forgiveness program is on hold, scam calls, texts, and emails are being sent to applicants to convince them they will miss a deadline. Loanquo is aware of this and decided to warn students who might fall victim to these scams. Debt Relief Scams Continue As Student Loan Forgiveness Halts Student loan forgiveness keeps getting scammed as it hangs in the balance. The program is on hold until at least February 28, when the Supreme Court takes on the two lawsuits blocking Biden’s student debt relief. With the Department of Education, the application process for the program…

Debt collectors are notoriously aggressive and often resort to unscrupulous tactics to get consumers to pay what they owe. According to the Federal Trade Commission, over 154,272 debt collection reports were received in 2021, with 50.1 percent of these reports relating to abusive debt collection activity or a debt not owed by the consumer. This makes it all the more important for you to be aware of your rights when it comes to dealing with debt collectors. Most debt collectors are honest and just trying to do their job. However, there are a few bad apples out there who might…

$25,000 Stolen From Scam Victim’s Binance.US Account Victim’s Complaints Ignored & Sent to PissedConsumer.com for Resolution A 25-year-old young woman, who suffers from depression, was ripped off by an online romance scammer operating out of Lagos, Nigeria. The scammer promised the victim profits on Bitcoin trades so she would have enough money to buy a home and help her parents. After gaining the victim’s trust, the scammer instructed the victim to set up an account at Binance.US, an online crypto exchange. The victim sent two wire transfers from her Suntrust Bank account to Binance.US totalling $25,000. Almost instantly, the scammer…