Go to Top

Financial Scams

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Don’t Fall for the Latest Fake Check Scam!

By Sarah Clark Oster This week one of our CCCS staff members received great news – she was notified that she had won $150,000 through the UK’s Mega Lottery! Accompanying the letter she had received was a check for $3,990 (a portion of her winnings). All she needs to do is send $1,995 to the lottery claim agent to cover taxes on her winnings. Was our staff member excited? Did …Read More

Consumer Alert:
5 Ways to Spot a Loan Modification Scam

By  Malcolm Johannessen Many homeowners are facing a seemingly never-ending sea of document requests and resubmission of paperwork to their lenders. There is an increase in mail and telephone solicitations as well. Many of these solicitors are looking for ways to get money out of you, and may not have your best interest in mind. Here are five surefire ways to spot a scam BEFORE you get taken for thousands …Read More

Fake Check Scams Continue to Spread

By Jason Alderman The other day I got one of those annoying emails from a supposed Nigerian prince promising rich rewards for helping to move money out of his country. It’s hard to believe those kinds of scams are still thriving, but they are. In fact, according to a recent survey conducted by the Consumer Federation of America, fraud (including fake checks, bogus sweepstakes and work-at-home schemes) is now among …Read More