You must be aware of financial scams which can shake your financial footing. However, for the past few years, some new scams have originated which is difficult to realize and you know that you've been scammed when the damage is done. Read on to know about such common scams and how you can prevent yourself from falling prey into it.
Scam: You get e-mails notifying a problem with one of your bank accounts or a flight reservation you didn't make.
Fact: When you click on the link provided with such mails, you actually harm your computer with a virus. Moreover, by clicking the link, you are redirected to a website that looks real but is actually fake. When you log in with your login id and password, it gets stored and the spammers use it to access your real accounts. So, next time you get such a mail you're not expecting, don't click on the link in order to satisfy your inquisitiveness. Instead, just click on the delete button to save yourself from being scammed. What you can do is go to the actual website and check the required details.
Scam: A pop-ad may ask you to bid on a laptop or an iPad.
Fact: To bid for such an item, you need to provide your cell phone number, only to get a message that you need to authorize for a monthly subscription for a useless service. The charge is added to your monthly cell phone bill and most you pay the money without noticing it. It is advisable to not give out your cell phone numbers and demand refund from your cell phone provider if you think you've been scammed.
Scam: You can view those who have visited your Facebook profile.
Fact: It is quite hard to resist yourself from viewing those who have visited your profile recently. So, when you click on the respective link, you are redirected to a website where you need to âlike' a specific application or you have to complete a survey where you need to share certain personal information and opinion. Actually through this, some persons earn commissions from each completed survey and the answers are used for marketing and fundraising. These are actually scam surveys because you don't have to âlike' a page for completing legitimate surveys.
Scam: You want to install rooftop solar panels in order to cut down electricity bills.
Fact: It is true that solar panels can reduce your electricity bill. However, installing a solar panel is expensive which can be equivalent to about 30 years of your electricity bill. So, before opting for solar energy, at first, check out whether or not installing a solar panel will be good for you. This is because it may not work better if you stay in an area where cloudy weather is quite common or there are shadows of tall buildings. So, it is better to conduct an energy audit and also get quotations from different companies, and check their reliability from the Better Business Bureau. Make sure you don't pay more than 10% of the money up front so that the company cannot run away with your money without installing the solar panel properly.
Scam: A person overpays you for an item you posted in Craigslist and asks to send him/her the difference amount.
Fact: This may happen to you and when you contact the person, he/she says to mail him/her the difference amount through Western Union or some similar services. You do so and realize later that the person's check has bounced. So, listen to the Craigslist warning to deal with those whom you can meet in person.
Always be aware of such scams and do not agree to anything without judging the matter thoroughly. This will help you save significant amount of dollars, which you can use for building a secured financial future.