Alerts Sounded on Pension Loans, eBay Scams and TV Casting

Only a few weeks after our warning about a medical alert scam targeting seniors, we've encountered another warning for retirees -- pension loans, a costly variation of the predatory payday loan scam.

Payday loans, as most people know, are short-term loans intended to tide over borrowers until their next paycheck.

Interest charges are usually high but the scam element comes into play when lenders employ dubious techniques to push their loans, conceal the terms or charge outrageous interest rates (which are outlawed in some states).

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