How to Get a Free Credit Score, Without Getting Conned

“Free credit scores” are effective bait. Just ask any of the 200,000 consumers who complained to the Federal Trade Commission about one recent online scheme that lured them with “free” access to their credit scores … then snagged them with a common switch: billing $30 a month for credit monitoring services they never ordered. The good news: Some 145,000 of those victims are getting refunds. Within 60 days, the FTC will mail checks — $20 million worth — in varying …

In Spotting Scams, Older Is Wiser

Despite the popular perception — more likely, because of it — those at highest risk of falling for a scam are millennials, not their grandparents or parents. So says the Better Business Bureau (BBB) after polling some 2,000 adults in the U.S. and Canada about perceived personal vulnerability to scams and who they think is most likely to fall victim. (Participants were unaware that the BBB was behind the survey.) The majority of respondents believed that the typical scam victim …

Students the Latest Target of IRS Scammers

College students and others who have student loans are the latest target of IRS impersonators. In this iteration of the ongoing, widespread scam, fraudsters threaten arrest and other penalties unless a nonexistent “federal student tax” is paid immediately. Sound familiar? For years, con artists posing as IRS agents have telephoned citizens, claiming they owe back taxes and making similar threats of impending arrest, deportation and seizure of property unless the alleged debt is paid immediately with untraceable prepaid debit cards …

10 Tips to Avoid Rental Scams

Counting the days until summer vacation, downsizing, or are the kids heading off to college? Count on attempted rental rip-offs, which have earned perennial placement on many Top Scam lists throughout this decade. In the classic ruse, fraudsters simply steal photos and descriptions of properties from real estate, hotel or vacation rental websites and clone those ads — but with a bargain rental price. These phony ads are usually found on Craigslist, but also on newspaper websites, online chat boards …

Banks Advised on Ways to Protect Older Customers

En español | The statistics are grim and are predicted to only get worse as the boomer generation ages. Nearly 1 in 5 Americans over 65 say they have been a victim of financial exploitation, according to a poll released this week by the nonprofit Investor Protection Trust. And estimates of the total losses each year suffered by these older consumers range from $2.9 billion to nearly $36.5 billion. To combat this, the Consumer Financial Protection Bureau issued an advisory …

Coupon Scams: Don’t Get Clipped

Maybe you saw that recent Facebook post promising a free $200 Nordstrom gift card. Or perhaps it was that $100 coupon for Lowe’s, which just resurfaced after a similar “campaign” last spring, or the latest coupon on social media, touting a free Disneyland vacation for four. Like umpteen others that come and go, each of these recent frauds was part of at least 300 billion fake coupon offers annually that aim to pinch those who are trying to pinch pennies. (Just …