Celebrities have long used social media to make money, but sometimes the offer is a scam.
Who Is It Targeting: Social media users
What Is It: Scam product offers
What Are They After: You may have heard the term, “paid for being famous,” but there are actually a number of celebrities who make their living appearing at certain events, endorsing certain products, or simply “being seen” while wearing certain clothes. They’re paid a fee, just like an athlete who endorses a sports beverage or brand of shoe.
But one reality TV star recently promoted an ad on two different occasions for a scam that claims to help get your student loan forgiven. The scam charges a “one-time fee” of over $400, but is actually relying on a free program from the US government that already exists to help reduce the impact of student loan debt.
How Can You Avoid It:
- The obvious answer? Stop buying products just because a famous person sells it.
- More importantly, whenever you’re expected to pay an upfront fee or sign any agreement, read the fine print first.
- If you are in need of any kind of debt solutions, there are free resources available; do your homework before turning over your personal information or your money.
For full details of this scam check out this article from TeenVogue.
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