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Updated: 9:06 PM Jun 5, 2009
Government's Website to Prevent Scams
The government has created a website to help people avoid scams. Posted: 6:00 PM Jun 8, 2009 |
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The recession has spawned a series of businesses targeting consumers, as victims.
In this "On the Money" we show you the federal government's website that's helping stop those scams. Lynda Baquero has the details.
The recent wave of foreclosures has given rise to a new crime wave.
Companies who claim to be able to "rescue" homeowners from foreclosure, but end up ripping off consumers.
Victims sometimes fall prey to companies that sound like the government-backed Hope Now Alliance.
Len Gordon, with the Federal Trade Commission says, "they offer desperate consumers what they think is a quick fix and typically what they do is they take your money. They do little or nothing and consumers end up losing their home. They make a bad situation worse."
In addition to cracking down on such operations, the Federal Trade Commission launched a new website with tips and warning signs for consumers.
It's called Money Matters.
Gordon says, "the idea is to give consumers some confidence in one place that they can go for important information regarding their credit, regarding their house, regarding job scams."
Like those work at home offers promising big bucks, but often, you have to pay a fee to get started.
Gordon, adds, "one of the things that all of these scams across the board have in common is almost all of them want a big upfront fee. And that's one thing that consumers should really be alert for."
The site has tabs on scams, credit cards, managing your money, dealing with debt, your home and jobs.
"For the most part, fraud prays on consumers not knowing what's going on and not understanding what's happening. So if we can get the consumer educated, it's much harder for the bad guys to convince the consumer to fork over their money," Gordon adds.
For a link to the FTC's website, click here.
| Money Resources | |
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CARS Rebate Program If you want to learn more about the CARS rebate program, use this link |
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FTC Money Matters Website For information on how to avoid scams and other money advice from the government. |
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Google Tip Jar Here's a place to get and share tips for free! Find all sorts of ways to save money. |
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Identity Theft Help The state's Office of Privacy Protection has facts and advice to help you prevent, avoid or deal with identity theft. If you would like to call to get help with solving your identity theft related issues, the number is 1-800-422-7128. |
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USPS Here's the link to the United States Postal Service website where you can order free boxes, schedule carrier pick up and find other ways to save when you send. |





