What is a scam?
A scam is a dishonest attempt to trap you into parting with your money. Unfortunately we have all experienced being cheated in one way or another, and we all know how it feels.
A ‘scammer’ may make a personal approach, with an offer too good to be true. Someone may email you, phone, text-message or post an offer that they press you to take up.
They can often use persuasive techniques that can be hard to resist. They can sometimes make you feel that you are petty or inadequate if you resist or even question their offer.
But there are warning signs that you are being conned. There are patterns that you can learn to recognise. You can learn to spot a scam coming, and you can learn the skills to respond. You can protect yourself, and your money, from the cheat
Tips In Prevention Of Scams
Create An Anonymous Email Account
Create an email account with 1 of Manny free company like Gmail or Hotmail online and in their do not place any personnel detail like name address phone ect just make 1 up that you will remember. Now use this for any sites that ask for email address like social networks etc ..Never give out your email address that you receive from your I.S.P. (Internet Service Provider)
Don’t Respond To Unsolicited Approaches
If you get an email, or phone call, or letter offering you something that seems too good to be true, it probably is. If it is an unsolicited approach, then the safest bet is to ignore it. If the approach appears to be from your bank or another official body you know you have dealings with, then call them back on a telephone number you trust, just to be sure.One of the most popular forms of scam is “phishing.” This is where you receive an email from fraudsters pretending to be your bank. The email will look official – it may include your bank’s logo and give a return email address that looks genuine. It will then usually warn you that for some reason your bank needs you to update your details with them. You will be given a link to click on to do that. But the link won’t take you to your bank: instead it will take you to a fake website where any details you supply will be collected by fraudsters and used to access – and clean out – your account.Avoid becoming a phishing victim by not clicking on the link. If there is a problem with your bank account your bank is unlikely to email – they’ll call you instead.
Guard Your Details Carefully
Account takeover is on the rise according to fraud experts CPP. This is where criminals impersonate you in order to take over your bank account. Protect yourself by making sure you destroy unwanted bank statements, receipts and any other documents containing your financial details. A shredder is well worth buying to help with this.Also, check your credit history at least once a year for unexplained applications. AnnualCreditReport.co.uk allows you to check your credit report once a year in return for a one-off £2.50 payment for setting up your account. Otherwise, you can pay a subscription with Experian or Equifax and you can opt to be alerted every time a credit application is made in your name.
Minimise Your Potential Losses
Make yourself less of a target for fraudsters by minimising how much credit they can get their hands on. If you have credit cards with limits much higher than you need then get the limits reduced. Then, if your card is stolen or used without your knowledge, the amount they can take is limited. Also cancel any cards you don’t use.
There are 66 million credit cards in the UK, but only 49 million adults. This is because many of us have several cards even though we only use one or two of them. You may have cut up the cards you don’t use but, unless you have cancelled them with the provider, the card is still active and could be used by a fraudster. So make sure you cancel them.
It is also worth making sure your overdraft is only as big as you need it to be. That way if anyone does fraudulently get hold of your bank details, they can’t go wild with an enormous overdraft.
Read the latest Articles from around the world on scams Here
Report a Scam