With more consumers at this time of the year, Black Friday and Cyber-Monday approaching, it is a perfect time to remind your adult teens as well as yourself about the high risks of fraud and scams that exist.
- If it sounds too good to be true, it usually is.
- People, sales reps, online pressure: Anyone or anything that pressures you to act "right away," stop and think. Do your due diligence - it could save you money and grief at the end.
- Guarantees of success. In life there are two main guarantees: Death and taxes. After that - use caution.
- Requires an upfront investment, even if it is for a free nothing. Run, and don't look back. A perfect example is when an adult will approach a vulunerable teen and tell them they have the look of a model - but they need a portfolio. Unless they are providing you the necessary means to get one (which could be nearly $1000.00 or more), don't believe it. If an honest modeling agency wants you - they will pay to get your portfolio completed.
- Buyers want to overpay you for an item and have you send them the difference.
- Doesn't have the look or the feel of a real business.
- Something just doesn't seem or feel right. Your gut is telling you to run.
- Never click on a link inside an email to visit a website. Type the address into your brower instead.
- It's easy for a business to look legitimate online. If you have doubts, verify the company with the Better Business Bureau.
- Only 2% of reported identity theft occurs through the mail. Report online fraud to the Federal Trade Commission at www.ftc.gov/complaint.
- Retain your receipts, statements, and packing slips. Review them for accuracy.
- Shred confidential documents instead of simply discarding them in the trash.