Consumers who really want to protect their money in today’s world need to know the six signs to spot a scam. Why? Because scammers work hard at new ways to get you to part with your money, either willingly or unwillingly. So the better you are at recognizing signs to spot a scam, the more likely you are to hang onto your money.
Six Signs To Spot A Scam
Emails Promising Large Sums Of Money
If something doesn’t seem quite right, or it seems to good to be true, it probably is! Anytime you receive an email that promises you a large sum of money for little or no effort, be wary. If you read to the bottom, what is being asked? Your personal information, such as your bank account? Somebody just wants to access your funds and you won’t see a thing.
Wire Transfer Requests
Somebody calls and asks you for money….via wire transfer? This is an automatic red flag in today’s world! Once you send out a wire transfer, it can’t be stopped. If the money leaves your account, it’s gone. If you don’t know the person asking for the transfer, you’re safer not complying.
Unknown Phone Numbers
Today’s cell phone companies do a better job at alerting you when a call could be a scam. If you don’t know the number and are unsure about answering, err on the side of caution. If it’s actually important, they’ll leave a message. You can decide whether to return the call. Anybody who calls and resorts to threats to get you to turn over your money, hang up.
Unsecured Websites
That little “https://” in your browser’s internet search bar is so important! Beware if you are on a site requesting personal information–if that little “https://” is missing, don’t conduct any financial business there of any kind.
Upfront Cash Payment Requests
Anyone who wants to exchange information for a price should be avoided. Never send out upfront cash payments for websites that promise you money or information in return.
Internet Popups
If a site pops up on your computer, requesting you to download some kind of software {such as a video driver}, that’s one of the signs to spot a scam! Don’t ever download software that isn’t reputable, or that you did not initiate contact with. If you use Chrome, here are the Chrome Extensions you should download to help you save more money.
Additional Signs To Spot A Scam
Be aware that entities such as the IRS will never contact you via phone or email! The IRS only initiates contact with tax payers via letters sent through the U.S. Postal Service. If you suspect that you’ve been the victim of a scam, report it! You can always start with your local police, Better Business Bureau, or your state’s Consumer Protection office.
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