Business Scams

Different business scams

Rent-to-own businesses provide consumers with products, like furniture, for a monthly fee. Although seemingly affordable, you may end up paying exorbitant prices for these products through the long-term rental agreements. Moreover, rent-to-own businesses do not typically cooperate with the credit industry – they don't report your payment record to the credit bureaus.

You are better off making a purchase using a major credit card or department store credit card than using a rent-to-own business. In doing so, you save money and obtain a credit history.

Instant Income Tax Refunds. Companies offering instant income tax refunds provide consumers with offers often too good to be true, like instant income tax refunds and other incentives. Beware of offers like these! Instant tax refunds or refund anticipation loans are an expensive way to get your tax refund more quickly – you may gain a week or so in getting your money but you'll pay a high fee for the service.

Protect yourself from these companies by learning about tax laws or using the services of a tax attorney or accountant. File your tax returns electronically and ask for the funds to be transferred directly into a savings or checking account. Your return will be promptly processed and your funds will be safe and secure without the additional cost.

 

Avoiding credit traps.

 

    Fannie Mae
    Freddie Mac
   
Ginnie Mae
   
VA
   
FTC
   
FDIC
   
FRB
   
HUD
   
Complaints

 

 Discussion Forum

Recent Posts -

Ads


Rent To Own

Homeowners - get fast, easy & free online mortgage answers.
www.jc-capital.net


Save Online

Search MortgageSector for Low Rate Loans! Get Info & Apply online here.
www.mortgagesector.com


Compare Offers

Compare offers on interest on adjustable mortgages. Get Started now!
www.rateadvisors.net

 

 


By visiting Allie Mae you have taken your first step toward becoming an educated borrower. Allie Mae is an objective, independent source of information for the mortgage consumer. Whether you are buying a home, refinancing, taking a home equity loan, building a home or in need of a mortgage for any purpose, Allie Mae is here to help. Allie Mae has helped thousands of people with their mortgage needs. We have a complete selection of articles, charts, calculators, and checklists designed to help you through the mortgage and home buying process.

© 2004 Copyright AllieMae. All Rights Reserved.
Privacy Policy   Legal  Terms & Conditions   Webmaster   Site Map    Application
About   Contact Us   Forum   Dictionary   Calculators   Articles   Free Content