The FTC suggests that fraudsters may “pretend to be someone you trust, like a government employee, a family member, or a company you do business with.” Whether you receive a text, a phone call, or an email if you didn’t expect it…investigate. Never send money or give out personal information in response to a request.
4. Use zero liability credit cards
The Fair Credit Billing Act (FCBA), claims you can only be held liable for up to $50 in the case of fraudulent charges.
The good news is that many card issuers guarantee zero liability as long as you report the fraud timely. The Blue Cash Preferred Card from American Express and the Chase Freedom both have zero liability.
Most credit cards have significant built-in fraud protection. Other payment methods are riskier. Reloadable cards and money wiring services rarely pay you back for fraud.
5. Do online searches to research
If you are approached by a company always check them out. Google a company or product name and add words like “complaint,” “review,” or “scam.” Or do a specific search for a phrase that describes what you are trying to find out. For example, try “IRS call” or search for a phone number to see if other people have reported them as scams.
6. Sign up for free scam alerts
The FTC offers comprehensive help to all consumers. To educate you about recent scams and what fraudsters are up to you can receive info from the FTC at ftc.gov/scams.
