Monday, 31 October 2011 14:08
Keeping your personal and financial information safe is constantly getting harder as our technology advances. It’s imperative that you familiarize yourself with the consumer scams of our new age, to avoid any identity mishaps! Here is a list of just a few ways scammers are coercing people for their info and money!
- Telemarketing Fraud – This typically occurs when an unknown caller claims that you’ve won a prize, such as a cruise or $1000 dollars. The catch, you must give them your important and confidential information, like a bank account or social security number. Never fall for such trick, if it sounds too good to be true… then it is!!
- Mortgage Assistance Relief Scams – Ever since the mortgage crisis, scammers posing as lawyers are offering distressed homeowners “assistance" with getting a loan modification in exchange for a fee. The Lawyers Committee for civil rights under Law advises to stay away from these scams, and instead use a free or low-cost, HUD-approved housing counselor. More information can be found here.
- Work at Home cons – Have you ever seen those advertisements claiming that you can make $50,000 a year, just by working at home? If it were only so easy… 6.1 million consumer complaints involving such cons were submitted to the Federal Trade Commission last year, this totals close to $1.7 billion dollars of disputed funds. Teresa Yeasts accounts her interaction with this type of scam here.
These are only a small fraction of the numerous ways criminals are using people’s vulnerability to commit fraud. Check out this article for more information about fraudulent claims and other consumer scams: