15 financial scams you should know

13) Cramming fraud

Small charges that are secretly inserted into customers’ credit card bills for services they did not order, buried so deep in credit card bills that many do not notice, usually with fake fees by vague financial services. Sometimes a one-time charge for entertainment services will be crammed onto phone bills.

Other times it may be a recurring monthly charge. Cramming of recurring charges falls into two general categories: club memberships, such as psychic clubs, personal clubs, or travel clubs; and telecommunications products or service programs, such as voice mail, paging, and calling cards.

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