National Consumers League

Personal Finance

Hot Topics in Personal Finance

Government grant scams: promise free money but deliver debt

With high unemployment and a still sluggish economy, many Americans are on the lookout for new opportunities to get some cash—a fact that scammers are well aware of and eager to exploit. Government grant scams have been a frequently reported scam to NCL’s Fraud Center in recent months.

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Fake payday loans plaguing consumers

Payday loan applicationPayday loans are short-term loans marketed to consumers in need of cash – a growing population in this economy. The loans – plus often high interest rates – are to be repaid on the next pay day, and consumer advocates warn consumers against using payday loans because they are a short-term solution that come at a very high cost. To make things worse, NCL’s Fraud Center is hearing about a new twist on payday loan scams from consumers.

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Online auction scams: Scammers set their sights on sellers

Don't get scammed in an online auctionPayPal appeals to many consumers by offering a safe, hassle-free way to purchase items online without handing over personal information, such as credit card numbers, to merchants. Unfortunately, enterprising scammers are impersonating PayPal to take advantage of that trust and swindle unwary online sellers.

Read more: Online auction scams: Scammers set their sights on sellers