Seniors' Credit and Banking Issues

Know Your Rights

  • Consumer Fraud and Abuse Protection for Seniors

    People of all ages constantly purchase goods and services --- houses, cars, clothing, personal services, medical care, food, and so on. Being a knowledgeable consumer has a positive impact on one=s economic well-being. While most companies and businesses are legitimate, some are unscrupulous. It=s estimated that telemarketing fraud costs Americans $40 billion a year and Georgians about $500 million a year. In addition to telemarketing fraud, there are scams and swindles connected to home repairs, contests and sweepstakes, charity drives, investment offers, insurance, and health care. Many of these scams are targeted to older adults. In Georgia the Secretary of State=s office, the Governor=s Office of Consumer Affairs, and the Attorney General are coordinating resources to provide protection for Georgia consumers to stamp out telemarketing and other types of consumer fraud. Read More

    Georgia Department of Human Resources, Division of Aging Services
  • Learn about All the New Telephone Scams - Don't Become a Victim

    Crooks use clever schemes to defraud millions of people every year. They often combine sophisticated technology with age-old tricks to get people to send money or give out personal information. They add new twists to old schemes and pressure people to make important decisions on the spot. One thing that never changes: they follow the headlines — and the money. Stay a step ahead with the latest info and practical tips from the nation’s consumer protection agency. Browse FTC scam alerts by topic or by most recent. Content Detail

    Federal Trade Commission (FTC)
  • The High Cost of Payday Loans

    Payday loans go by a variety of names, including "deferred presentments", "cash advances", deferred deposits", or "check loans", but they all work in the same way. The difference between the amount of the check and the amount of cash the customer gets in return is interest or a loan fee that the lender is charging. These types of short-term loans are always very expensive. Content Detail

    National Consumer Law Center
  • What is Elder Abuse?

    This brochure is aimed at providing information and resources for victims of elder abuse as well as defining laws pertaining to elder abuse, neglect, and exploitation. Read More

    Atlanta Legal Aid Society Inc
  • What You Should Know About Refinancing

    Refinancing is a process in which you pay off one or more existing debts with a new home loan. If you have perfect credit, refinancing is sometimes a good way to obtain a lower interest rate or to convert a variable rate loan to a fixed rate. However, if you are in the midst of financial difficulties, if you have too much debt, or if you have bad credit, refinancing is loaded with pitfalls. We recommend that you be very careful when refinancing debts. Many refinancing loans hurt consumer. Here are twelve things to consider before refinancing. Content Detail

    National Consumer Law Center
  • Direct Deposit or Debit Card? Learn More about Low-cost Checking Account Options in Your Area for Your Social Security Benefits

    Social Security benefits recipients must make a decision on direct deposit or a federal benefits DEBIT Master card by March of 2013. Paper checks will no longer be mailed. This resource contains maps of the Athens area noting banks and credit unions that offer free or free with modest direct deposit amount each month. Read More

    Georgia Legal Services Program®