New FICO Changes Could Affect Your Credit Score

(CNN) Your credit score could soon go down — or up. FICO announced Thursday its latest version of the FICO score, a three-digit number that assesses a person’s credit risk. The new scoring model will take consumers’ debt levels into account and will more closely track personal loans. Previous scoring models took snapshots of a person’s payment history. The new model will take a historical […]

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FTC says “Success By Health” is a pyramid scheme

The FTC’s latest case charging a company with operating a pyramid scheme concerns “Success By Health” (SBH), a venture that the FTC alleges has bilked consumers who joined its sales network as “Affiliates” out of more than $7 million. According to the FTC, SBH tells consumers they can replace their job income in six months and gain “financial freedom” in 18 months by selling its […]

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Work From Home Scam

Starting a work-at-home business can give you the flexibility to set your own hours and be your own boss. But when you search online or get ads by email, you’ll often find scammers instead of a real opportunity. Take, for example, Effen Ads. The FTC says this company tricked more than 50,000 people into paying for fake work-at-home opportunities. According to the FTC’s complaint, the […]

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