Debt ConsolidationThings You Should Think About |
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Younger people are disproportionately victimized by advance fee loan scams. While 22 percent of the people who reported Internet fraud to NCL last year were under the age of 30, that age group represented 32 percent of the advance fee loan complaints. In telemarketing fraud, 14 percent of all complainants in 2000 were under 30, but 33 percent of the advance fee loan victims were in that age group. Many young people don't understand how credit works and haven't have established credit records yet, making them vulnerable prey to loan cons.
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