Hot Topics in Personal Finance
NCL works closely with advocates in the auto industry who know a lot about cars damaged in crashes, rebuilt wrecks, and flood cars. Hurricane Sandy brought new opportunities for fraudsters to pawn off cars damaged by flood waters to unknowing consumers.
With increased expenses around the holidays, consumers may find themselves running short of cash for other bills, and some may be considering payday loans to cover the short-term need. Thinking about a short-term loan? Better think twice.
The National Consumers League’s Fraud Center is warning businesses and non-profit organizations to be on the guard for con artists armed with bogus “invoices” for business directory listings. We regularly receive complaints about this scam, but so far in 2012, we have received more than 100 complaints, a 500 percent increase (no, that’s not a typo) versus the first nine months of 2011.