How To Avoid And Recognize Scams | Consumer Advice

Avoid And Recognize Scams and Keep Your Money Safe

How do you recognize scams?  Everyone knows how criminals tend to get smarter but this doesn’t mean that you have to let scammers know that they are capable of outsmarting you.

Recognize Scams 

Recognizing the common signs of a this scam will help you avoid falling for one yourself because it is in knowing what exactly to watch out for before being scammed that makes most people lose their hard-earned money because they don’t take things like these as seriously.

Eight Signs That It’s a Scam

  • Scammers PRETEND to be from an organization you know
  • Scammers say there’s a PROBLEM or a PRIZE
  • Scammers PRESSURE you to act immediately
  • Scammers tell you to PAY in a specific way
  • Scammers Ask For Your Personal Information
  • You’ve been rejected for credit, but you’ve got a good credit history
  • The letter or email you have received is full of dodgy spelling and bad grammar
  • You have a virus

Scammers PRETEND to be from an organization you know

Scammers often pretend to be contacting you on behalf of the government. They might use a real name, like the Social Security Administration, the IRS, or Medicare, or make up a name that sounds official in order to get (Recognize scams) you to believe that they are who they say they are.

Read More: How to Spot a Forex Scams 

Some scammers will pretend to be from a business you know, like a utility company, tech company, or even a charity asking for donations and ask you to wire money – because people can’t typically tell their bank accounts have been emptied until long after it’s too late to stop them.

These culprits rely heavily on this type of social infiltration by making use of technology like caller id and fake alter ego’s in order to play upon your emotions and your trust.

Scammers say there’s a PROBLEM or a PRIZE

They might say you’re in trouble with the law. Or that there’s some money you rightfully deserve but which is being held up by someone else who you need to get to pay up or who has squandered the money or won it illegally.

You may have gotten an email, letter, or text message saying that your account needs verifying by providing specific information and that if you fail to do so within a set time period and check why your account will be suspended.

 Scammers PRESSURE you to act immediately

Forbes says Scammers aren’t always easy to spot. They might tell you to hurry up and act now, maybe even tell you that you have to do (Recognize scams) it right away or else the deal will expire or something bad might happen.

If you are on the phone, they may try and keep you from researching their story online by threatening you with arrest, a lawsuit or deportation for example.

They may also say simply that your computer is about to be corrupted – whether by a virus if it’s operating through software, or by being destroyed completely if they’re trying to sell you a service protecting against such a threat.

Scammers tell you to PAY in a specific way

recognize scams

A good idea before paying someone is to ask for an invoice that has all the relevant details of (Recognize scams) your transaction. Some sales agents will insist that you pay by sending money through a money transfer company, such as Western Union or MoneyGram (which are not sold at your neighborhood grocery store).

Scammers Ask For Your Personal Information

Love can be a real thief. Scammers often pose as singers, rappers, and DJs asking for identifying personal information like your social security number or bank logins. Love can blind a person, so anytime someone asks you for this information, be suspicious!

You’ve been rejected for credit, but you’ve got a good credit history

If you usually have good credit but you’re finding yourself unable to get loans or credit card offers, it could be due to a thief trying to ruin your credit score. What’s more, stolen credit cards can make purchases that are billed to your account long after they were stolen.

The letter or email you have received is full of dodgy spelling and bad grammar

If you ever receive an email from a major company, link your account on eBay or PayPal, but it has spelling and grammatical errors, it’s probably not a legitimate email.

Read More: ATM Credit Card Skimmer

While spelling mistakes are more common in emails coming from a non-native English speaker, sometimes native speakers make mistakes when they’re rushing. It is normal for people to make mistakes.

However if there are several mistakes in the same email that come from trusted companies like Google or Microsoft, then you should be suspicious of what they say. Scammers don’t always have the best education, sometimes they just want to (Recognize scams) steal your information to exploit or use later.

You have a virus

Scammers use computer viruses to gain access to your computer details, which allows them to steal your identity and money. They may also get into your WIFI network for the same reason.

What You Can Do to Avoid a Scam

Block unwanted calls and text messages

 Take steps to block unwanted calls and to filter unwanted text messages.

Don’t give your personal or financial information

Legitimate online retailers won’t ask for your personal information via email or text. One example (Recognize scams) is social security numbers, credit card numbers, and bank account information.

Resist the pressure to act immediately

It’s easy to spot a scammer on Tinder – they usually pressure you to pay straight away or give out your personal information such as bank accounts, PINs and credit card numbers. If something doesn’t feel right just trust your gut.

Know how scammers tell you to pay

Never pay a stranger if you are not sure what they are doing with the money. Also, never send them lots of money as they might be trying to scam you.

Protecting yourself online

There are things you can do to protect yourself from being scammed online.

Check the signs of fake online shops

If you’re purchasing something off of a site you have never used before, it’s important to do some research. Do a quick search about the (Recognize scams) company and see if it has a good reputation for meeting the needs of its clients. Also, make sure that their location is legitimate. If a mail has street number and street name but just lists a P.O Box, it could mean trouble.

Read More: PayPal Safety | 11 Tips to Buy and Sell Safely on PayPal

Don’t click on or download anything you don’t trust

Don’t click on any links you have never known before or download something you don’t trust – for instance, if a company has an odd website. Following these steps (Recognize scams) could expose your computer to malicious software, so make sure your antivirus is up to date for better safety.

Be careful about giving personal information away

Some scoundrels try to get your personal information like the name of your primary school or your National Insurance number. They can use this information to hack your accounts.

If you come across sites that ask for this type of information without an obvious reason, check they’re legitimate by Googling the site name before handing over any bank details!

Make your online accounts secure

Make sure that you have a strong password for each of your email accounts. Remember, passwords are individual to each email service so if you use the same password in two or more different places, you’re more likely to get hacked.

Make sure that you have the latest and greatest version of your chosen password manager. There’s always something new being added to maximize security, so don’t be reluctant to update it when prompted.

Know how your bank operates

Check your bank’s website to see how your bank will and won’t communicate with you. For example, find out what type of security questions they’ll ask if they phone you.

Ten most common types of scams

Here are 10 common types of scams:

  • Advance fee fraud
  • Lottery, sweepstakes and competition scams
  • Dating and romance scams
  • Computer hacking
  • Online shopping, classified and auction scams
  • Banking, credit card and online account scams
  •  Small business scams
  • Job and employment scams
  • Golden opportunity and gambling scams
  • Charity and medical scams
  • COVID-19 Scams, Rumors, and Price Gouging

The Bottom Line

If someone approaches you asking for personal information or your bank account number – any such request is probably a scam . Always be wary of anyone trying to sell you something or get your private details when it comes to making financial transactions.

If you have to make financial transactions online, make sure they’re through a secure server and on a reputable website.

When you consider yourself to be a victim of a scam, we definitely want you to know that isn’t the case. First off, we don’t appreciate having our name used like this and would like the opportunity to clear things up right away.

We love our customers very much and wouldn’t ever want them to feel they’ve been scammed. Unfortunately, some people do not understand how online shopping works but if something happens in any way that you might have preferred it not happen during your time doing business with us it is always important to call us up so we can fix the issue for you at once.

So if by chance something goes wrong here please contact us immediately and let us know what went wrong once so we may resolve the issue as quickly as possible!

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