Scams and Alerts

From a loan offer to a prize notification - how do you know if it's the "real deal" or a scam?

Consumer Ed holding winner notice

Red Flags of a Scam

  • It sounds too good to be true.
  • You're asked to pay money to receive a prize.
  • Pressure to act immediately
  • Insistence you pay via gift card or wire transfer

Loan Scams

Consumers with poor credit and are seeking loans should be careful not to fall victim to an advance fee loan scam. Beware of ads or make telemarketing calls offering guaranteed loans regardless of one's credit history.

Foreclosure Scams

Once the lender files a “notice of default,” your mortgage troubles become public record. Scammers, predatory lenders and other con artists keep their eyes open so they can prey on homeowners in trouble.

Latest Scam Articles

How do I know if I am really a contest winner?

Dear Consumer Ed:  After filling out a feedback form about a fast food restaurant, I received a call saying that I had won a contest. I was asked to provide a faxed form, signed and notarized, along with my Social Security number for tax purposes. Does that sound legitimate?

Is loan offer a scam?

Dear Consumer Ed:  This supposed lending club is offering to loan me $5,000, but they say that since my credit isn’t great, they need to verify my intention to pay by a means I find suspicious.

Timeshare Resale Scams

Dear Consumer Ed:  I own a timeshare in Mexico. A company in Georgia said they could help me sell it for a fee. I’m a little leery about this. How do I know it’s not a scam?