Federal Trade Commission

Bogus trampoline review sites left buyers up in the air

            The Federal Trade Commission (FTC) is doing a spectacular work of enlightening the public concerning the products they consume whether they are fake or have authenticity issues. Currently FTC revealed another scum undertaken by a trampoline company in regards to their reviews in their several websites; these websites were found to be a hoax since the review section were done by the company itself. This was a hoax since any opinion given by the company will be in favor of itself hence the reviews cannot grant vital information to the consumer regarding the trampoline being manufactured by the company. This information is vital to the public as it enlightens them to be careful while using reviews on a website to conduct their research concerning a particular product. Most consumers conduct research on a particular product by using reviews on the website, this should be done carefully to avoid another bogus trampoline reviews. This section warns consumers that while using the reviews on the website they should look at a number of websites to be able to verify the review information granted on the website since some can be biased. According to Ali (2017), when searching for reviews online, look for a wide variety of websites.

Student loan scam gets an F from FTC

            Student loan is a biting issue for any academician who happens to have signed up for the programme and received cash from financial institutions to fund their academic programme. Loan paying can be stressful and treacherous for fresh graduates who are still struggling to fit in to the corporate world hence any information concerning assistance on the payment is welcomed. FTC managed to unearth a scum concerning loan payment assistance by various companies like student relief centre which lied to consumers that it can help by providing student loan debt relief. This was a scum since the consumers were charged an illegal upfront fee of about $1200 which the company suggested it would use to enroll them in to payment and forgiveness programme. The consumers later found out they had not been enrolled in any programme and the fee they paid upfront was never used to repair their credit hence leaving them behind on payment. This information is vital as it gives knowledge to my friends and I concerning loan payer on the hoax nature of some companies that pretend they want to assist but at the end exploit the consumers. The information offers advice concerning any loan assistance, it suggests that incase of any help there should be no fee paid upfront. According to Alesha (2017), remember, you do not have to pay for help with your student loan.

Fake emails could cost you thousands

            In the current world where technology is embraced in messaging and carrying out money transaction some people take advantage and exploit unsuspecting consumers. FTC revealed a scum where there is use of fake emails which ask a consumer to wire their money to the scammer. The scammers use emails that look legit to trick consumers into sending money, for example they may use a business enterprise that you know about or a real estate agency you’ve interacted with. They get information about you by hacking into the website or firewall of the company; they use this information to convince the victim to wire money to them. These scammers might get your information by hacking in to the business (Christina, 2017). This information is important since FTC enlightens the public concerning such scammers and best ways to avoid them furthermore they give information on how to tackle the issue incase you are victimized.

 

 

References

 Alisha Hernandez, (2017). Student loan scam gets an F from the FTC.             <https://www.consumer.ftc.gov/blog/student-loan-scam-gets-f-ftc&gt;

Ari Lazarus, (2017). Bogus trampoline review sites left buyers up in the air.             <https://www.consumer.ftc.gov/blog/bogus-trampoline-review-sites-left-buyers-air>

Christina Tusan, (2017). Fake emails could cost you thousands.         <https://www.consumer.ftc.gov/blog/fake-emails-could-cost-you-thousands>

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: