First 30 Days Blog

01 mar

How to Avoid Common Scams

RobertCordrayThousands of scams occur every year and to all different kinds of people. They may range from insurance scams to internet fraud to multi-level marketing schemes and everything in between. Could any of these scams been prevented? Yes, if people were a little bit more careful of what they did with their money. While scams come in all shapes and sizes, there are some common principles to keep in mind that will help you avoid them.

Don’t send money to someone you don’t know

A lot of people now do shopping online. While this is certainly convenient, it also raises the risk of being scammed. As a general rule of thumb, don’t send money to anyone you don’t know or trust. Of course there are certain websites that are perfectly safe. Companies like eBay for example, have safety measures in place to prevent scamming. However, if you run across a website you have never heard before, do some research before you send money to anyone. There are many fake websites set up that simply want to steal your money.

Don’t give financial information to anyone you don’t know

Don’t open links, messages, or emails that ask for personal financial information. The people behind it are practicing what’s called phishing. They send out official looking messages that ask you to provide information such as your address, phone number and credit card number. If you give this information up the thief could steal money from you immediately.

Don’t trust a single source

Let’s say your family is planning a vacation to a tropical island. You start looking online and find a beautiful hotel right on the beach that is surprisingly inexpensive. What you may not realize is that those pictures are fake. You might get there and notice that the hotel is a dump, or that it doesn’t exist at all. Always look at multiple sources. Read reviews about the hotel, product, or whatever it is you are purchasing.

Talk to a doctor before you buy health products

There are a lot of products on the market that make fairly strong claims. Clever advertising often makes those products seem much better than they actually are. Ask your doctor how effective he thinks the product might be. Present him with the claims and ask him to address the scientific research behind it. Companies could scam you by sending you fake, expired or even dangerous products.

Watch out for free offers

Advertisements often offer free products, services, or information. One of the most common forms of this is the “free trial offer”. The free offer, printed in bold and bright letters in the middle of the page is meant to distract you from the fine print at the bottom. If you were to read that fine print you might realize that by clicking “agree” you are agreeing to pay $30 a month. To avoid these scams always read the fine print and never trust testimonials. Generally, just stay away from companies you have never heard of or that no one you know has ever used.

About the Author: Robert Cordray is a freelance writer for and expert in business/finance. With over 20 years of business experience, Robert is now retired and hopes others can benefit from his writing.

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Posted by Robert Cordray on March 1st, 2013 in Finances | 0 comments Read related posts in

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