Becoming the victim of a scam can be devastating. Besides losing money, scam victims feel a loss of self-esteem combined with indignant embarrassment. Being on the lookout for investment, shopping, and other scams may be the best bet for avoiding a rip-off. Unfortunately, scammers are quite good at what they do. Consistently practicing and engaging in dishonest tactics pays off for them. So, you must educate yourself about scams to avoid them.
While some scams are elaborate, many follow simple steps designed to separate people from their money. Simplicity, even with frauds, usually works. PeerFinance101 describes how the internet makes it easier for scammers to proliferate. Strange emails with equally odd email addresses should raise concerns. Why would a supposedly successful company use a free email service? Beware of anyone requesting purchases or financial deals solely through wire transfers. Does a website or email come loaded with typos? You probably would find it best to avoid dealings with the publisher.
No matter how the scam proliferates, anything that sounds too good to be true or seemingly promises more than deliverable brings a cloud of suspicion. Does the offer deviate from standard, acceptable business practices? If so, beware of it.
Always seek to establish the credibility of the seller before making any decisions to purchase anything. When a local business boasts of 20 years in operation and points to pages upon pages of great online reviews, odds are the company does things right. Don’t just look at promises of great deals. Direct your attention to companies with an actual track record. Some places are riskier than others, so choose who you deal with wisely.
And be mindful of venues where the seller’s identity or background can’t be easily identified. Park Savers explains websites like eBay, Craigslist or other classified websites, and stands or in-person meetings should be avoided at all cost. There is absolutely no way to verify the authenticity of a product through these options.
Local and national news services work hard at educating the public about emerging scams. Your local nightly news channel might even offer a regular feature on common scams targeting the region. Top national news websites could report in depth on schemes intended to take people’s money. The government also reports scams. Read up on such things when you worry about scams. Fight Identity Theft talks about how you won’t know what to avoid and how to report scams when you are completely in the dark about the schemers.
Honest people running legitimate businesses outnumber scammers, but even a small number of crooks may cause serious problems. Be ever on the alert for them. They are notorious for the havoc they cause.
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