Illinois Attorney General Lisa Madigan is spreading the word about “Consumer Mythbusters,” the theme of her office’s tent at this year’s Illinois State Fair. Student loan forgiveness, or credit card consolidation/forgiveness, are often the subject of scams, says Madigan. She harkens to the bromide “If it sounds too good to be true, it probably is.”
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“When you call the number, and you contact these scam artists,” Madigan says, “you very quickly find out what they really want is your credit card number (or) your debit card number, they want a payment, we’ve seen, as large as $1,200 up front, for doing either nothing, or something you can do completely for free, on the Internet, yourself.”
The tent also has information about fighting identity theft, of which Madigan says she has been a victim; somebody tried to use her credit card number. What’s more complicated, she says, is when crooks try to take out credit or open new accounts in your name.