Literacy

The Future of Fraud: How Generative AI Makes Users Vulnerable

1 month ago

In recent years, the use of generative artificial intelligence (AI) has gained significant attention across various fields, but its application also opens the door to a new kind of fraud. Experts warn that AI-based technologies can be exploited by criminals to create convincing fakes, making users more susceptible to fraudulent schemes.

Risks of "Buy Now, Pay Later" Programs: Experts Warn of Potential Overspending

2 months ago

With the rising popularity of "Buy Now, Pay Later" (BNPL) programs, experts have begun to express concerns about the potential risks associated with these financing schemes. These services, which allow consumers to make purchases with deferred payments, are becoming increasingly popular among young people and those facing financial difficulties. However, as specialists emphasize, this convenient method of obtaining credit can easily lead to overspending and financial strain.

How to Recognize If Your Mail Has Been Fraudulently Redirected?

2 months ago

There are several signs that can indicate your mail has fallen victim to fraudulent redirecting. This unfortunate phenomenon has become quite common, and the instances are growing more serious. One of the first signs that something is wrong with your mail is if you start receiving bills or delivery notifications that you were not expecting. This could be a sign that your mail has been wrongly redirected to another address.

Older Americans Struggling with Rising Credit Card Debt in the U.S.

2 months ago

According to a recent AARP survey, older Americans are increasingly accumulating credit card debt to cover their everyday expenses. This alarming trend highlights the financial issues many retirees are facing in the country.

Scams Targeting Retirees: How to Spot the Fraud

2 months ago

Recently, there has been a rise in fraudulent schemes targeting older adults in the United States, particularly those who are nearing retirement or are already in that stage. Scammers are employing various tactics to lure individuals in with promises of easy work and extra income, but their intentions are far from benign.

American Credit Card Debt Reaches Record Highs

3 months ago

Recently, a troubling trend has emerged in the United States: credit card debt and the overall level of household debt among Americans have reached historical highs. Experts warn that households are facing increasing financial burdens, with many beginning to struggle with repaying their debts.

Surge in U.S. Credit Card Defaults Reaches Highest Level in 14 Years

4 months ago

In recent months, the United States has witnessed a sharp increase in credit card defaults, reaching a level not seen in a generation. According to the latest data, the default rate for credit cards in the country rose to 2.7% in the third quarter of 2023. This marks the highest level since the third quarter of 2009, raising concerns about the financial stability of consumers amid rising costs and inflation.