3 Money Schemes to Avoid
3M0-700 During a slow economy, most people worry about the amount of money they have, and whether they can continue to pay their bills. Unfortunately, they also have to worry about money scams since predators prey on people who are struggling financially. Consider a few of the most common scams that are meant to make you part with your money without giving it a second thought.
One of the largest bills for most people is their mortgage, and those who cannot pay it have to worry about losing their home. Many banks offer programs allowing homeowners to pay less on the home loan, allowing them the relief of keeping the house. Sadly, there are fake companies that take advantage of the existence of such programs, and they send letters to homeowners, claiming that they have a program to help them save their home. Of course, the catch is that homeowners are asked to send in a large payment upfront. If you get this type of letter or phone call, do not send money. These communications are likely money scams, especially if you have never heard of the company. Instead, contact your lender to work out a payment plan to save your house.
3M0-701 Many people are out of a job in a slow economy, which means that they are desperate to get a new job so they can pay their bills. Such people are perfect targets for money scams in which predators advertise jobs that seem too good to be true. Perhaps they claim you can make a large sum of money with no degree or experience, or they say you can work from home and make thousands of dollars per week with little work. Most request an upfront fee to pay for merchandise that you will sell or ship, or they might claim they will send you a large check, part of which you need to send back to them. Before signing up with any of these companies, do a quick search online to find reviews. If nothing comes up, or several complaints appear, stay away from them. You should also remember the cliché that if it seems too good to be true, it probably is.
3M0-331 Some job advertisements do not require any money upfront, and may seem perfect. However, they can still scam you, such as through stealing your information. This includes your Social Security number, or bank account numbers, which you may supply for supposed employers offering direct deposit. The solution is to avoid giving out such information until you have confirmed that the company is legitimate, usually through a search online to find reviews from customers or employees.
These are some of the most common money scams that you are likely to run into, especially if you spend some of your time online, looking for jobs or help with your mortgage. Some of these money scams can cause irreparable damage, as you may lose money or have to deal with identity theft. Therefore, take steps to prevent such disasters by researching the company before handing out money or personal information.
One of the largest bills for most people is their mortgage, and those who cannot pay it have to worry about losing their home. Many banks offer programs allowing homeowners to pay less on the home loan, allowing them the relief of keeping the house. Sadly, there are fake companies that take advantage of the existence of such programs, and they send letters to homeowners, claiming that they have a program to help them save their home. Of course, the catch is that homeowners are asked to send in a large payment upfront. If you get this type of letter or phone call, do not send money. These communications are likely money scams, especially if you have never heard of the company. Instead, contact your lender to work out a payment plan to save your house.
3M0-701 Many people are out of a job in a slow economy, which means that they are desperate to get a new job so they can pay their bills. Such people are perfect targets for money scams in which predators advertise jobs that seem too good to be true. Perhaps they claim you can make a large sum of money with no degree or experience, or they say you can work from home and make thousands of dollars per week with little work. Most request an upfront fee to pay for merchandise that you will sell or ship, or they might claim they will send you a large check, part of which you need to send back to them. Before signing up with any of these companies, do a quick search online to find reviews. If nothing comes up, or several complaints appear, stay away from them. You should also remember the cliché that if it seems too good to be true, it probably is.
3M0-331 Some job advertisements do not require any money upfront, and may seem perfect. However, they can still scam you, such as through stealing your information. This includes your Social Security number, or bank account numbers, which you may supply for supposed employers offering direct deposit. The solution is to avoid giving out such information until you have confirmed that the company is legitimate, usually through a search online to find reviews from customers or employees.
These are some of the most common money scams that you are likely to run into, especially if you spend some of your time online, looking for jobs or help with your mortgage. Some of these money scams can cause irreparable damage, as you may lose money or have to deal with identity theft. Therefore, take steps to prevent such disasters by researching the company before handing out money or personal information.
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