How to spot a Scam
Scams can exist in various forms – it can range from claiming to offer a service at a cheaper cost and then doing a shoddy job to distraction burglaries and even fraud. It is important to be aware of possible signs of a scam in order to avoid them (as well as letting people you know to be aware as well, especially vulnerable people).
There are a few clues you can pick up on. For example, if it sounds like you could get an enormous amount of money for a tiny investment be very wary. If they ask for personal details and especially if they seem to hurry you into making a decision (or pressure you into not talking to anyone else) then don’t respond and report them.
Another thing to check for is their details – if there is no landline or location then this is often a major indicator of a scam.
“Phishing” is a term used to refer to organisations trying to get your details through official looking emails. If the email has incorrect spelling, a different website from the organisation they claim to be from or they request personal information (such as a PIN number) then contact someone to report it (for example if they claim to be from Paypal contact them through their official website).
One way you may not expect to get scammed with is by charity. This can often occur during times of major campaigns (such as during Hurricane Katrina). If you wish to donate money it is best to do so through official websites.
Don’t wire money
Wiring money can be almost impossible to reverse. Do not reply to any message asking you to wire money to someone that you don’t know. This may sound obvious but they can often pretend to be legitimate or ask for payments that you did not ask to do.
Scams can occur on internet auction sites, as well as through work from home and multi level marketing companies. Before making any purchases or investing any money you should look through as many reviews from as many different sources as possible to minimise the risk of being conned.
Be wary of buying “health products”
The big problem with health products online is that you don’t know where they are from. If you are not sure talk to your doctor or health professional before purchasing health products or medication online as this will help to ensure you do not take anything that could harm your health.
Check your bank statement
This may sound obvious but sometimes scammers can take money from your account. Be wary of anything that says “membership fees” or any other transaction that you don’t recognise and report them to your bank.
At Larcomes Financial Services we care about our clients and want to make sure your money is properly looked after. Contact us today to find out more about legitimate investment options and ways to make sure your money can be properly looked after.