Your Biggest Gripe: Debt Collectors!

The Consumer Financial Protection Bureau gets more complaints from older Americans about debt collectors than any other issue. According to a report released Wednesday by the CFPB’s Office of Older Americans, the agency received 8,700 debt collection complaints in the past 15 months. Consumers complained that debt collectors: – Try to collect the debts of dead relatives — even years after the estate has been settled. – Threaten to garnish Social Security and other federal benefits, which they can’t legally do. – Attempt …

What’s Hot? Cold Weather Scams

Recent falling temperatures in parts of the U.S. have prompted a new wave of a time-tested power play – fraudsters posing as utility company workers who threaten to shut off your service because of supposedly unpaid bills. The Shutoff Swindle has prompted warnings in recent weeks from utility companies from Maine to Washington state, including in (usually) warmer-weather states such as Texas. Typically, this scam occurs by telephone. Callers claim to be billing representatives from your utility company. They say you’ve …