Seniors Are Often Victims Of Financial Fraud
Some companies operate almost exclusively in bad faith by attempting to defraud customers with unwanted services, hidden charges or outright scams. According to the Consumer Financial Protection Bureau (CFPB), many of these organizations specifically target the elderly, using tactics that take advantage of late-in-life cognitive impairments, like Alzheimer’s or dementia.
Attorney Seth McCormick of Great Lakes Consumer Law fights back against these bad faith actors with fast and decisive action. Armed with years of knowledge from the collections industry, Seth has seen all types of financial scams and understands how they work, and most importantly, how to get out of them.
Types Of Fraudulent Practices That Target Seniors
Companies looking to defraud seniors often attack the most vulnerable of them, targeting lonely people in nursing homes or those with impaired cognitive functions. Many times, these violations aren’t even discovered until a family member reviews their finances. Seniors must contend with these common practices from abusive companies:
- Issuing unauthorized charges
- Unwanted subscriptions
- Monthly fees for credit monitoring
- Program enrollment
- Identity theft
- Data breaches
- Phone and email phishing scams
- ATM skimmers
- “Free Trials” for online products
Those dealing with these issues can reach out to Great Lakes Consumer Law to fight back. We can help fix authorization problems, stop payment orders and help enforce the rules of the CFPB to protect consumers’ legal rights and repair their credit.
Call Now For A Case Analysis
Businesses that scam the elderly rely on consumers’ lack of awareness to drain their bank accounts. The worst thing a person can do is sit back and do nothing. Act now by calling 312-815-6540 and speaking with attorney Seth McCormick at Great Lakes Consumer Law.