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Advance-fee scam. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1][ 2] If a victim makes the ...
Friendly fraud, also known as chargeback fraud 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 financial transaction, and the consumer receives a refund of the money ...
Credit card fraud. A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [ 1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
Millions of Americans are buried in high-interest debt. This is the most dangerous type of debt. Largely associated with credit cards -- which sport interest rates averaging 21.51% as of the second...
As an advocate for debt-free living, you might guess that I would be totally against credit cards. You would be correct -- I am. But only if you can't use one responsibly. Read More: 30 Ways To Dig...
If you’re carrying more credit card debt than you care to think about, you’re not alone. Among the generations, Gen Xers carry the largest average credit card balance of $9,123, with baby ...
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