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How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line by Curtis E. Arnold

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Chapter 6. Watch Out: Traps and Scams Can Cost You Big Bucks!

 

The record is clear—when debt booms, fraud booms. Consumers who find themselves in trouble are vulnerable because they are often scared and a little desperate. It’s frightening to have debts that are unsustainable and it’s very easy in that situation for people to make a quick decision they come to regret.

 
 --Travis Plunkett, Consumer Federation of America[1]

Credit cards come with hidden hazards that can cost you big bucks, to say nothing of a lot of time and aggravation. Card issuers aren’t the only ones trying to make money off us. Far too many profiteers are eager to capitalize on your card use to steal your identity and/or rope you into credit repair schemes that profit only them. ...

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