QUORA - SPRINGHILL GROUP - Shock therapy to avoid scams

Posted in the Business News Forum

Since: Sep 12

Dallas, TX

#1 Sep 23, 2012

The annual list of the top 10 consumer complaints is out, and it features familiar scams. Once again, the report is a good reminder to be careful. Some of the scams have become more sophisticated, with more high-tech ways of stealing your money. Topping the list are auto complaints, including misrepresentations in advertising or sales, faulty repairs, and leasing and towing disputes. In second place are complaints about credit and debt. The category includes mortgage modifications and mortgage-related fraud, credit-repair schemes, debt-relief services, predatory lending, and illegal or abusive debt-collection tactics. The five fastest-growing complaints are about fraud, debt-collection abuses, do-not-call violations, mortgage-related issues, and problems that people have had with both legitimate and sham home-improvement companies. New to the list this year are real-estate-related complaints. Hard times have left many people wanting to dump their timeshares, or at least get out from under yearly maintenance fees they can no longer afford. This desperation on the part of timeshare owners has been a boon to schemers. In one such swindle,“timeshare resellers” tell folks they can help them unload their unwanted properties and ask for an upfront fee for the service. I’m sure you can guess what happens. No buyers are found, no help is really offered and people are out of their money, stuck with a timeshare they can’t afford. But then another timeshare crook swoops in to add insult to financial injury. Timeshare recovery companies offer to help owners get back the funds lost to resellers. They ask for an upfront fee. It’s a double financial whack because this, too, turns out to be a scam.

Since: Jul 12

Shimla, India

#3 Sep 24, 2012
Thanks for sharing.

Since: Dec 12

San Diego, CA

#4 Jan 1, 2013
This is a well-thought of piece that made it easy for people to understand the whole point.

Since: Dec 12

Seattle, WA

#5 Jan 1, 2013
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San Diego, CA

#6 Jan 1, 2013
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Since: Oct 12

London, UK

#7 Jan 1, 2013
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Since: Sep 12

Location hidden

#8 Jan 1, 2013
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Bethany Rawlins


#9 Jan 13, 2013
Thank you for sharing this stuff but actually it is our responsibility to be aware of the happening in our surroundings because we are our own responsibility. More especially that nowadays these scams and frauds are getting more technical and advance that most of the time it is hard to determine if fraud or genuine so we just have to be very careful at most times.
harley bough

West Chicago, IL

#10 Jan 14, 2013
If people are these intelligent in deceiving other people, why cant just they use the intelligence in making the world a better place for everyone. It seems like the problem really is the attitude. People are too damn blinded by money. In the real estate world scam is more likely to occur because more often than not these real estate people will do everything to get the most money out of you. When in fact if rethink about it, you’d spare more money if you will not ask help from them.
eric johnson


#11 Jan 14, 2013
Sadly but all of your comments are correct. I hope to have a better world for my future children. Sometimes I think of isolation but I know that is not the best thing to do it is just that this world is full of pollution, even polluted minds of people.

Since: Feb 13

Hamilton, Canada

#13 Feb 11, 2013
Preventing scam is very easy, common sense is the key! Be a responsible adult;
do not be lured by a piece of candy. Plus, there is no such thing as free lunch, do
not be an idiot. If it is too good to be true, then probably it isn’t really true.

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