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How to Avoid Scams

How to Avoid Scams PhotoWith every technology that is developed, some crooks will come up with a way to exploit it so as to scam people.  Most scammers will use a combination of new and old tricks to fleece you of your hard earned cash.

Here are tips on how to avoid scams especially on the internet.

1. Know who you’re dealing with

Would you give your personal details to a stranger you met in the streets? Not really. Similarly, you should avoid giving your detail to companies you are not familiar with.

Before buying items from a seller that is not well known, try to find out about their physical address.  Reputable business or people will have no difficulty in giving you’re their address.

In addition, you should try to get more information about the company from the Better Business Bureau.

2. Read your monthly statement

Reading monthly statements is boring but absolutely necessary if you want to avoid scams. It is not uncommon for con artists to steal your personal information and use it to commit fraud.

Some merchants are known to charge “monthly membership fees” on your credit card.

If you find any payment that you do not authorize, contact your credit card provider for more help. To be on the safe side, you must always keep your receipts.

3. After disasters, donate to authorized charities

After a disaster, well meaning people give money and personal details to fraudsters in the name of donation. In this case, you are advised to only give cash to authorized charities only and not those which have popped up overnight.

4. Get medical advice before buying drugs or treatments

It has never been easier to buy drugs and treatments on the internet. In addition to losing your money, health products can affect your health negatively.

You are therefore advised to seek medical advice before buying drugs online.

5. Be realistic

A lot of fraud cases would be avoided if only people were realistic. In other words, if a deal is too good, think twice.

In addition, if an investment or deal makes a promise of no risk and insists that you have to act now to qualify, it is likely to a be a fraud.

Sellers do not need your Social Security Number

After or before buying a product or service, sellers will often ask you to fill a data form. This form will usually ask you for information such as gender, age, and zip code among others. If the data you are needed to provide your social security number detail, you should be very suspicious about the request.

6. Do not reply to messages asking for personal details

Scammers can convince you to give them your details via phone, email, or text messages. In fact, you should not click on any links sent with such messages.

Clicking on such messages can lead to phishing where the fraudster tricks you to give them personal details on a fake website.

7. The bottom line

The most important tip about avoiding online scams is to always know who you are dealing with.