Every March, our team joins the Federal Trade Commission in promoting consumer awareness about financial scams, rip-offs, and traps. Promoting consumer awareness is more important than ever with the big changes in the economy and the credit industry this year.
Credit.com and CreditBloggers.com have focused on stopping loan scams and highlighting major negative changes in credit card accounts for NCPW 2009. Victims of loans scams lose thousands of dollars by wire transferring funds in the hopes of getting a loan that never appears. Credit card account changes can throw a consumer's finances into a tailspin and can harm credit scores without warning.
Of course, these aren't the only financial traps for consumers to avoid in 2009. We've nominated the industries and groups that we receive the most complaints about from our readers below. Which do you think has been the "worst offender" when it comes to your money?
Is your worst offender not on this list? Post your nomination in the comments below.
Emily Peters – Credit.com's personal finance expert and former TransUnion credit bureau insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com editor.