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Blogging for Change Blogging For Change
by sitecore\kmcgrigg on June 23, 2009
The economic crisis has lead to an increase in many types of fraud including occupational fraud, Internet fraud, used car fraud, and mortgage fraud. The word fraud means an action or lack of action that is punishable by law. This includes outright deception, and sometimes almost “accidental” misrepresentation that causes damages. Fraud can also include the failure to reveal facts. The bottom line is that falling prey to fraud costs a lot of time and money. In 2007, the average loss was $3,091 per telemarketing victim. While it may be obvious that you should to steer clear of get-rich-quick schemes and phony contests, some types of fraud are not so easily detected. Unfortunately, thieves adapt as consumers become educated; fraud has seeped its way into more trustworthy covers including “charities,” credit repair, loans, travel, online auctions and work-from-home offers. Following are some ways to foil fraud:

-Be informed. You can educate yourself about current known scams by visiting IDTheftCenter.com.

-Practice due diligence. Before making any purchase, find out if any complaints have been registered with the Attorney General’s office. While a clean complaint record is not a guarantee, it is a step in the right direction.

-Be wary of high pressure appeals. For example, be skeptical if someone thanks you for a pledge you don’t remember making. Legitimate companies should not intimidate you into making an on-the-spot donation or purchase.

-Be skeptical. If someone promises you an easy way to make fast cash, be wary. As the old saying goes, “if it’s too good to be true, it probably is.”

-Remember your budget. Even if a solicitation proves to be legitimate, ask yourself if it is really something you want. Remember, before they called you probably didn’t know you “needed” what they’re selling.

-Head them off at the pass. Ask telemarketers to put you on their “do not call” list. Under federal law, they are required to comply. If they continue to call you can sue them in small claims court. For information on how to stop unsolicited email spam, review your state’s laws at SpamLaws.com.

If you suspect a scam, call the National Fraud Information Center at 800-876-7060.

Comment(s)

Janisia Bennett says:
June 23, 2009

This is very true and great information. I think the conditions of the environment have left many consumers volunerable and some are desparate for relief. This combination could be an opportunity for companies that have some deceptive practices or those that are scamming consumers. It's important that consumers are aware of the red flags that they should pay attention to in order to avoid these type of services. Required upfront fees and pressure to act right away are usually not a good sign.



Kim McGrigg says:
August 19, 2009
Website: http://moneymanagement.org

Hi Ann, I am glad you asked. It is very important to choose a reputable agency. We believe that we are the best at what we do. I also believe this, or I wouldn't be working here! Things to look for in a quality nonprofit credit counseling agency include: History- We were founded in 1958 and are the largest, full service agency in the nation. Quality- We are an accredited member of the National Foundation for Credit Counseling and the Association of Independent Credit Counseling Agencies. Accessibility- Counseling is available by phone, internet and face-to-face in some markets. Knowledge- Our counselors are certified and well trained. Service- You an call MMI 24 hours/day, 7 days/week. You can read more about how to select a credit counseling agency by visiting www.ftc.gov. Hope this helps! Kim @moneymanagement



Philip Kays says:
August 20, 2009
Website: http://www.cardonationtaxdeduction.org/

after many years of these same issues my wife and i give all to ARC association for retarded citizens.they seem to be the only out there that uses all proceeds for what it is intended to be god bless



SamsonD says:
July 10, 2009
Website: http://www.post691.com

Great Read! I really love this place. :) - I need some help for school. Im doing research on online gambling, casinos, etc. I've found http://post691.com to be very informational. Can you recommend some sites?



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