- Sometimes these offers are combined with pyramid schemes that offer to pay you for attracting other participants to the scheme. However, they are scams – the loans don’t come through, you are turned down unless you meet stringent requirements, or the credit cards simply don’t arrive. 11. Credit repair scams.
- Nov 01, 2019 · The promised credit cards never come through, and the pyramid money-making schemes always collapse. 11. Credit repair . Credit repair scams offer to erase accurate negative information from your credit file so you can qualify for a credit card, auto loan, home mortgage, or a job. The scam: The scam artists who promote these services can’t ...
- Apr 03, 2020 · A pyramid scheme is a fraudulent investment strategy, deemed illegal in the United States. According to the Federal Trade Commission, pyramid schemes “promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public.”
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