What are some common scams or deceptive practices that consumers should be aware of?

Consumers should be wary of various scams and deceptive practices to protect their finances. Several common ones include identity theft, where fraudsters steal personal information for fraudulent purposes. Phishing scams involve tricking individuals into revealing sensitive data through fake emails or websites. Advance-fee fraud schemes require consumers to pay upfront fees to receive promised benefits that never materialize. Pyramid and Ponzi schemes lure investors by promising high returns, but are unsustainable and fraudulent. Debt relief scams prey on individuals struggling with debt, promising quick solutions for a fee but often failing to deliver. Additionally, there are dishonest auto sales and repairs, false advertising, and credit repair scams. It is crucial for consumers to stay informed, be cautious, and report any suspected fraudulent activities to the relevant authorities.