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From Consumer Alerts

Consumer Alert

Student loan scammers won’t offer relief

BCP Staff
Paying off student loan debt takes time. That’s why getting a call from someone who says they can help you get your loans forgiven now (for a fee) might sound appealing. Is it really relief or just a scam?
Consumer Alert

How to spot scams that offer to lower your interest rate

Terri Miller
Mortgage interest rates may be on the way down, but scammers’ false promises are likely on the way up. If you’re looking to lower your mortgage payment — by refinancing your home or VA loan — learn about your options and how to avoid mortgage relief scams.
Consumer Alert

Skip the scams as you look for options to avoid foreclosure

Gema de las Heras
Are you having a hard time paying your mortgage? Even if you’ve missed payments or you’re already facing foreclosure, you still might have options. You really do, but that’s the same thing scammers will tell you. Fortunately, there are ways to spot mortgage relief scams while you focus on saving your home.
Consumer Alert

Paycheck Protection Program loan processor told applicants they would get funding. They overpromised

Colleen Tressler
When it comes to small business loans, time is money. That was especially true early in the pandemic: when many small businesses were struggling to stay open, and Paycheck Protection Program (PPP) funds were limited. So, when Womply advertised that small businesses, including gig workers and one-person small businesses, could get fast PPP funding if they applied through the company, millions of applications came pouring in. The problem, says the FTC, is that Womply didn’t live up to its promises. And that hurt millions of small businesses.

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