Site Archives Schemes & Warnings

“Take-Their-Money” & Disappear Schemes


Most people make major financial expenditures without really looking at all the facts. This kind of action is downright dangerous and certainly not smart. The ultimate cost and alternative possibilities are seldom considered when someone is swept along in a desire to acquire a new home, car, business or other personal investment.
 
Beware of […]

Pool Your Debt Schemes


Also called debt consolidation or debt pooling, budget planning or debt adjusting companies, these people end up increasing, not decreasing, your debts, once you pay their debt consolidation charges. Some of these companies charge outrageously high interest or fees that may amount to illegal loan sharking operations. If you need help paying your […]

Repair Your Credit Schemes


 
Major credit bureaus offer services that let you check your credit file. Under some programs, you get a copy of your credit file as often as you want for $30-$50 per year and receive notification every time a creditor receives a copy of your file.
 
Federal law already lets you see your credit file […]

Extended Warranties


Many merchants encourage customers to buy extended warranties when they buy autos, appliances or electronic items. They’re profitable for the merchants, who pocket up to 40 percent of the amount before sending the rest to the insurer. Don’t buy extended warranties on appliances or electronics. While you pay for them in advance, they […]

Get-Rich-Quick Schemes = Get-Poor-Quick Realities


The salesperson who pressures you to buy now or invest here, should trigger a red warning flag in your mind. Consider the friend who drops by to give you an opportunity to invest in a red-hot deal. Unfortunately, you must decide today (they say) because they are going to start drilling for oil […]