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Getting a call, email or letter from a company that claims to be a debt collector can be alarming. Before giving out any information, consider these six signs of a scam. 1. They pressure you. A ...
Learn: Pocket an Extra $400 a Month With This Simple Hack. State and local governments, law enforcement officials and consumer advocate groups are warning holiday shoppers this year to be aware of ...
That “sitting in debt forever and ever” approach—which credit card companies certainly don’t work against, in Levchin’s view—is what underpins the $1.1 trillion in current outstanding ...
Chargeback fraud. Chargeback fraud, also known as friendly fraud, cyber shoplifting [1], or liar-buyer fraud, [2] occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the ...
Carding refers not only to payment card based fraud, but also to a range of related activities and services. Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of ...
Consumer Reports. Consumer Reports ( CR ), formerly Consumers Union ( CU ), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy. [2] Founded in 1936, CR was created to serve as a source of information that consumers ...
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This situation recently came to a head, when last month Amazon was sued by the U.S. Consumer Product Safety Commission, which aims to force Amazon to accept responsibility for recalling ...