Other Credit-Related Scams
Consumers searching for an easy way out of their credit problems
are susceptible to a wide range of credit-related scams in addition to credit repair fraud.
Credit By Phone
Pay-per-call or "900-number" services have become a popular vehicle for phony credit schemes. Television or print ads promise that "guaranteed" credit or cash loans are only a phone call away. Instead, the caller might receive a list of banks offering low-interest credit cards or a booklet on how to establish credit. Such calls can end up costing $50 or more but consumers rarely end up getting credit as a result. Be aware that if you call "900" or "976" exchanges for information, you will be charged for the call - even if you decide you don't want what the company is providing.
Content Last Modified on 6/27/2005 10:59:54 AM