Some Scam Artists Target Businesses
Small business owners often pride themselves on being good judges of character, with a nose for nonsense. Most would claim to be savvy about making purchasing decisions. Sadly, that is not always the case. Better Business Bureaus routinely field complaints from business owners, managers and accountants who have fallen prey to scam artists. They may have been too distracted to thoroughly investigate the offer, perhaps they were too eager to take advantage of a bargain price, or maybe they hadn't taken the time to train their staff about careful bill-paying procedures.
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High Cost Payday Lenders Advertise Everywhere
Payday loans can be tempting. Advertisements promising money to "tide you over until your next paycheck" appear at check cashing outlets, in pawn shops, within the classified ads and increasingly, online. Cyberspace is the new marketing frontier for payday loans with check-based lenders promoting their services through pop-up ads, in junk e-mail and on Web sites. While those "cash until payday" services sound helpful, consumers need to know the risks. Cash-strapped consumers can find themselves enmeshed in an endless cycle of repeated borrowing at extremely high costs.
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