Dishonest living trust salespeople prey on seniors' fears that after their deaths, their life savings and assets will be stolen by the government or by predatory probate attorneys. These salespeople use high-pressure tactics and deceptive claims to coerce vulnerable seniors into buying a product that many of them don't need. Seniors are bombarded with advertisements, phone calls, and pitches from door-to-door salespeople insisting that living trusts work best for everyone. This may be true for some. For others, buying a living trust is simply a waste of limited resources.
Many low-income elderly homeowners are targeted by scam artists who use high pressure tactics to sell unneeded and overpriced contracts for "home improvements." Often these scam artists charge more than their quoted prices or their work does not live up to their promises. When the senior refuses to pay for shoddy or incomplete work, the contractor or an affiliated lender threatens foreclosure on the senior's home.
Don't click on a link in a text message you get on your phone that says you've won a prize or a gift card. Don't reply either, it's probably a scam.
Equity-rich, cash poor elderly homeowners are an attractive target for unscrupulous mortgage lenders. Many elderly homeowners are on fixed or limited incomes, yet need access to credit to pay for home repairs, medical care, property or municipal taxes, and other expenses. The equity they have amassed in their home may be their primary or only financial asset. Predatory lenders seek to capitalize on elders' need for cash by offering "easy" credit and loans packed with high interest rates, excessive fees and costs, credit insurance, balloon payments and other outrageous terms.
This web site contains information about investments and investment scams to watch out for. These scams can be: Investment Coaching Scams, Real Estate Investment Seminar Scams, Precious Metals and Coins Investment Scams, How to Avoid Investment Scams, How to Research Investment Opportunities, Where to Report Investment Scams.
Unfortunately, claims that you can lose weight without changing your habits just aren’t true, and some of these products could even hurt your health. Learn to recognize false claims in weight loss ads and false online stories about weight loss products.