Telemarketing Credit Card Fraud

Telemarketing fraud is a type of scheme that attempts to convince victims over the phone to send money to the scheme for a variety of purposes. Participants in the scheme solicit people over the phone to buy goods, to invest money, or to donate to charity, but instead use the funds for fraudulent purposes or in an illegal manner.

Types of Telemarketing Fraud

Fraudulent telemarketers attempt to make their schemes seem legitimate and may employ a variety of techniques to convince victims to give away money or make false purchases. Credit card, loan, and credit repair schemes target victims with poor credit histories or with low income levels who may not be able to obtain credit.

In these schemes, telemarketers call prospective victims and tell them they can be approved for loans and credit cards despite their bad credit ratings. After paying a fee, the victim receives either a credit card application or fliers and information about credit cards through the mail. Other schemes make empty promises to repair poor credit by removing bankruptcies, foreclosures, records of arrest and conviction, or liens from a person’s credit report.

Other Types of Telemarketing Schemes

Examples of other telemarketing and similar schemes include:

• Charity Schemes
• Cross-Border Schemes
• Internet Schemes
• Business-Opportunity Schemes
• Lottery Schemes
• Magazine Promotion Schemes
• Office Supply Schemes
• Prize-Promotion Schemes

Contact Us

If you have been affected by a telemarketing scheme or another type of financial fraud, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC at 414-377-0518 for legal advice and assistance with your finances.