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Heartless Scam Artist's: What consumers need to know.

Updated on March 1, 2016

Money...Money...and more Money!

Hard times are a breeding ground for con artist.

Just recently I got a call from a friend who was having financial difficulties- that's no big surprise- a lot of us are experiencing a financial crunch in this economy. She shared with me how she had relied on a few payday loans to get her out of a jam, the problem was because she was in a jam it was hard for her to repay the loan so she kept re-borrowing.

After she realized that she had paid more in interest then the actual loan, she began seeking solutions on how to get this burden off of her. One day on the radio she heard about a company that promised to consolidate all your bills and you could make one payment every month until your loan was paid off.

So she called the number and inquired about their services after being satisfied she agreed to use their services and sent them their asked for, up front fee, of $188.00 for them to begin the process. After she sent the money she called them back and was transferred to another representative whose job was to complete the enrollment process.

My friend began to ask this new representative questions regarding how soon her creditors would be advised they no longer could debit from her account and was horrified when the representative informed her the company could not stop the creditors from debiting her account and she needed to go directly to her bank and stop all debiting transactions herself.

They would be gracious enough however, to call her creditors, advise them she had sought services of a consolidation company, but were unable to stop harassing calls or stop creditors from going into her account.

Here was the problem with all this:

  1. Upon enrollment she was asked for her banking information in order to have authorization to stop her creditors from getting payment.
  2. Her agreement was her payment would be $188.00 upfront and she would then be paying $188.00 every two weeks for six months until her bill was paid off.
  3. They convinced her she needed to send the upfront payment right away in order to stop her account from being electronically debited on her pay date, which was a few days away.

Do some companies place misleading ads to get your business?

There are some companies that will purposely mislead you in order to gain your business. In the case with my friend, she was told, that her bills would be consolidated into one lump sum and she would make a payment to them every two weeks until her loan was paid off.

She was also convinced she needed to send the upfront fee- through money gram- right away so they would have ample time to stop her debtors from electronically getting their money. It wasn't until she sent the upfront fee that the people became truthful and told her they were not able to stop the creditors from debiting her account.

As I listened in on the second half of her conversation because of course, I can't share information with my readers that is not 100% fact, I personally heard the representative being rude, nasty, and condescending to her once she requested a refund. If she had not requested the refund and cancellation from this fraudulent company, according to the email she received

After 3 days she would have been bounded by that contract.

This would have been the result:

  1. In three days she would have been stuck paying this company $376.00 a month.
  2. She also would have been still getting her account debited for her loans.
  3. So what the (heck) is she paying this consolidation company to do for her....and this is what the article is about she would have been paying them $376.00 for nothing.

Never do financial business with a company you are not sure is reputable.

Unless you are rich, most people depend on loans to buy homes, cars, to further their education, or simply to relieve them from financial burdens, It's not uncommon to seek loans to make those things happened- in fact- this Country has survived off of it.

A bank is always safe, however, there are these little companies popping up promising people with less than perfect credit the American dream for higher interest rates. Never do business with a company without researching it first. In the case with my friend I went to the Internet to do research on this company and instantly bad reviews came up and complaints from people who mimicked my friends accusations word from word; saying they were not told the truth regarding the services the company provided until after money was sent.

People may think: " Oh this could never happened to me, I'm too smart, " This did not happened because my friend was not smart, in fact she is very smart, it happened because she was desperate and in her desperation she was not thinking clearly. Con artist are masters at preying on peoples vulnerabilities, and they are trained to listen to what you say in order to tell you what you want to hear.

On the same token, I've heard some of the smartest people swear they get a good feeling about a particular person or how they had prayed and they were absolutely sure this was their blessing from God, Hey, I love God and believe in blessings too. I also believe in this saying:

If it sounds too good to be true, it usually is..

Should companies who allow people to advertise with them feel responsible.

As I said in the beginning of this story my friend said she heard the advertisement for this company promising to consolidate your bills, for one monthly fee, on a popular radio station. I'm sure she trusted the source in which the advertisement came from and it caused her to go against her better judgment of doing her homework first. After I convinced her to cancel her bank account and file a complaint with The Better Business Bureau: I contacted the radio station to advise them about the company they were allowing to endorse their business on their station.

I understand that no company is financially responsible over false claims from another endorser. However, due to the fact that ethics and trust are involved, it seems that a company that cares about their audience, or fan base, would research the company to make sure it is ethical.

I know that we are all trying to make a living and allowing advertisement on your t.v. show or radio program pays the bills, but so do the people who watch and listen to them and give them ratings, so legally, financially, but morally... I'm sorry my opinion is yes..

Have you or someone you know ever been a victim of a scam?

Have you or someone you know ever been a victim of a scam. If so please participate and your comments will be appreciated in the comments section.

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Surprised scam artist get away with scams for so long? This is the reason why.

What prompted me to write this article is the many stories that I have heard regarding people being victims of a scam or, of a scam attempt. I have known people young and old who have been scammed out of their homes by people promising to refinance them for lower rates so they could save their homes.

People scammed, especially the elderly, by people who claimed they filled out something at a grocery store or what not, and had won some sweepstake. Of course, the winner had to send in the tax money for their prize or, send in some type of processing fee before winnings could be disbursed.

People walking around with a picture telling you they are trying to fundraise in order to help pay for a funeral for some bereaved family who did not have insurance. This one is tricky, sometimes this one could be true, however, after being scammed by some parasite myself on this particular one, I was livid when one day I happened to see the same person months later walking around with the same picture telling the same old lie.

The list can go on and on but unfortunately I have grown weary of thinking about these users and I'm ready to bring this article to a closure, not without saying this however... These scam artist get away with these things because people are to embarrassed to bust them out.

If this has happened to you or, someone you know, do not be embarrassed some of these same scams have been going on since I've been a child it amazes me that in this day and age people are still falling for things, such as, telemarketing scams. They still exist because someone obviously is buying.

Report companies that are bad news to the Better Business Bureau. Please feel responsible to inform your fellow man, just in case they didn't know.

Readers participation inquiring minds want to know.

Do you feel radio and television programs should make sure claims made by their endorsers are authentic?

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Understanding your rights is a great way for consumers to stay informed. Add this book to your collection its an interesting read.


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    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      Well believe me it was my pleasure to enlighten you. I get so sick of these scams and I will definitely keep updating informing the pubic with every scam I come across.

    • profile image

      Daysia 3 years ago

      Alihgrt alright alright that's exactly what I needed!

    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      Alexandra and Lucy. Thank you so much for your visit and comment. Lately the "work from home- data entry" scams are on the rise too. What helps me is I really research any company I do business with. You would be surprised how people will give reviews on just about anything. It really helps you make an informative decision,

    • profile image

      Lucy 3 years ago

      This webitse makes things hella easy.

    • profile image

      Alexandra 3 years ago

      Help, I've been informed and I can't become ignnraot.

    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      So do I Audrey Howitt: Thank goodness we are well informed about these types of things. Thank you for visiting and commenting.

    • AudreyHowitt profile image

      Audrey Howitt 3 years ago from California

      We get at least one or two of these solicitations a week in the mail theses days. Thank you for your article!

    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      Mel Carriere: Thank you for your visit and comment. Your are correct there seems to be a rise in scams. Unfortunately these parasites have decided to try and take advantage of people who are hurting in this economy. I just touched the surface of all the scams that are on the rise today. I understand your concern about being careful of the internet and answering your phone, these con artist make it very hard for companies who may be legit. Thank you for commenting.

    • Mel Carriere profile image

      Mel Carriere 3 years ago from San Diego California

      Your hub about scam loans appears to be filled with advertisements about scam loans, so what does that tell us? Unfortunately, the Internet has really broadened the opportunities for scammers, and I'm almost afraid to read an email or answer the phone these days. Thank you for this great information, and hopefully it will make people think twice.

    • joedolphin88 profile image

      Joe 3 years ago from north miami FL

      Exactly, there is always someone getting played or suckered out there.

    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      Thank you so much joedolphin88 for your kind and generous comment. You are right there are a lot of con artist out there and I know of too many people this had happened to keep quiet. People may think oh, I know...I know, but if everyone knew why are these scoundrels still taking advantage of innocent people.

    • joedolphin88 profile image

      Joe 3 years ago from north miami FL

      Con artist on the internet are everywhere. For every 1 real business there's about 25 cons. Good hub

    • Dana Tate profile image

      Dana Tate 3 years ago from LOS ANGELES

      Jodah as always I am so grateful for your constant support. I am sorry about what happened to your grandmother and this is why I chose to write this article because unfortunately, unless people speak up, the trusting will continue to get caught up in these predicaments. Thanks for the Vote up it is so appreciated

    • Jodah profile image

      John Hansen 3 years ago from Queensland Australia

      Very useful and important hub Dana. My grandmother was ripped off by a guy who offered to paint her windows and install locks on them. He didn't finish painting them, talked her into giving him an antique wardrobe and sent her a bill for about 5 times what the job was worth. This was a private handyman though, not a company. People have to be aware that this type of thing is happening all the time and not be embarrassed to report it even though they feel like fools for being caught. Well done, voted up.