Search Results for: scams

Alarming Surge in Student Loan Scams Targets Americans; Biden’s SAVE Plan and Disproportionate Impact on Black Borrowers
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Alarming Surge in Student Loan Scams Targets Americans; Biden’s SAVE Plan and Disproportionate Impact on Black Borrowers

By: d-mars.com News Provider Stacy M. Brown, NNPA Correspondent The surge in scams coincides with the conclusion of a pandemic-induced hiatus on loan repayments, implemented in 2020 to provide financial relief to borrowers amidst the public health crisis. Amidst the impending resumption of student loan payments in October, scammers are intensifying their efforts to exploit…

Preventing Scams and Fraud This Holiday Season
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Preventing Scams and Fraud This Holiday Season

Scams and fraud are more deceiving these days, reaching you in more ways than ever before. The FTC reported 2.8 million fraud reports from consumers in 2021 alone, with reported fraud losses increasing by 70% from 2020 and more than $5.8 million. Scammers begin their traditional uptick at the start of the holiday season, and…

White House Deploys Plans To Combat Scams, Misinformation Aimed at Student Debt Relief
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White House Deploys Plans To Combat Scams, Misinformation Aimed at Student Debt Relief

The recent announcement of canceling up to $20,000 in student loan debt relief by President Joe Biden has brought cheers from supporters and jeers from those opposed to the move. But the administration and others are concerned about scammers who seek to exploit those who might be confused about what’s needed to gain debt forgiveness….

Fraud Watch: Avoiding COVID-19 Related Medicare Scams
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Fraud Watch: Avoiding COVID-19 Related Medicare Scams

by d-mars.com News Provider Medicare fraud is not a new issue and long predates the pandemic, but during times of crisis, scammers often get more aggressive and creative with targeting seniors. Scammers have taken ample advantage of the COVID-19 pandemic by offering Medicare beneficiaries fraudulent services, resources, or information about the vaccine in exchange for…

5 Tips to Protect Seniors from Financial Scams Right Now
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5 Tips to Protect Seniors from Financial Scams Right Now

By d-mars.com News Provider Social isolation among seniors is not only linked to numerous negative health consequences like depression and cardiovascular disease, but it’s also a primary contributing factor in financial exploitation and scams. Estimated to affect one in 10 older adults and cost billions annually, the threat of elder financial fraud is pervasive, and…