I thought it should be only fair that if we're sharing money making ideas to warn people of various schemes out there so they don't fall for them.
Make money by (insert various home based job) - I fell for a 'make money for stuffing envelopes' scheme a number of years ago. I paid $30 and all I got was information on how to make my own website selling the exact thing I just bought
Ponzi schemes - A couple years ago this was a big rage on the internet where websites boasted that you could make big bucks by just investing a little money and surfing 100 web sites a day. Of course simple ponzi schemes just involve you giving someone some money and them promising you a huge return on your 'investment'. The catch is, your 'profit' came only from the pockets of people who invested after you.
419 scams - The typical 'I want to spread my millions of dollars from my dead husband/father/cousin/uncle' letter. DON'T FALL FOR THOSE! People have lost thousands of dollars and even their lives thinking they were about to fall into a vast fortune.
Those are all I can think of right now, anyone else have some ideas to watch out for?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.