THE SCAM: Car warranty
HOW IT WORKS: For most consumers, having a warranty on a vehicle is peace of mind that's tough to overvalue. But offers made in a postcard or phone call can drive the cost way up, with no benefit to consumers. The postcard or caller says your car's warranty is about to expire. Those contacted by post card are encouraged to call a toll-free number to renew it. Callers are pressured to buy an expensive warranty and must make a payment before receiving any paperwork. Experts said such warranties aren't worth what you pay for them, and don't come from your vehicle's manufacturer.
WHAT'S AT STAKE: Your money