5 Ways you can avoid being a fraud victim

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By: tiarajoseph11
on 4th Jun,2013

Here are 5 ways following which you can protect yourself from being a fraud victim. As a result, the charges add up to your account.
5 Ways you can avoid being a fraud victim


 

A number of people become victim to fraud, every year. Therefore, it is the need of the time to protect yourself from being a victim of fraud, right from protecting your financial information from fraudsters to giving out money to fake charities. Here are 5 ways following which you can protect yourself from being a fraud victim.

 

  1. Always check your monthly statements - The con artists often try to steal your personal information and buy items in your name. As a result, the charges add up to your account. Therefore, always check out your monthly statements carefully in order to find out whether or not there are any charges which you're not aware of. If you find one, immediately contact your card issuer or your bank.
  2. Consult your doctor before buying healthcare products - Always buy prescription drugs from licensed US pharmacies. If you don't do so, then you might end up buying expired drugs or mislabeled drugs.
  3. Think before doing any transaction - You should know that wiring money is a one-way process; it is mostly impossible to reverse a transaction, especially an overseas transaction. So, be sure about the seller before making any payments online.
  4. Donate only to established charities - Giving to a charity is a good habit. However, before you donate money to a charity, make sure it is an established one. There are several charities which don't have the required infrastructure to help the needy people, and they might be utilizing the money to support illegal activities. Therefore, as a good citizen, it is your duty to donate only to an established charity which help people in need.
  5. Do not pay heed to messages that you have won lottery - Remember that no one gives out money for no reason. So, don't play foreign lottery or pay heed to mails or texts suggesting you've won some lottery. Most of the mails or texts ask to send a certain amount of money in order to receive your prize amount. If you send money, you'll never get the prize amount and also be prepared to lose even the amount you had sent.

Many a times, you might receive a mail or a text asking for your personal information. If you click on the link in order to check your banking information, then you might be helping the con artists to get hold of your personal information. So, the next time you receive such a message, call your bank directly, or the number on your debit or credit card in order to speak to them directly. Doing so, you can talk to the financial institution you need to and can be sure that your financial information is in the safe hands and your personal finance is in the right state. 

 

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