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Consumer scams can have devastating effects on individuals, leading to significant financial losses, emotional distress, and a loss of trust in legitimate businesses. Victims may face long-term repercussions, such as damaged credit scores and increased vulnerability to future scams. Additionally, these scams can erode overall consumer confidence in the marketplace, impacting honest businesses and the economy as a whole. Ultimately, the psychological toll can be profound, causing anxiety and feelings of helplessness among those targeted.

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