So, what are the signs of a scam?
Here are our top five signs of a scam:
1. The scammer is most likely to contact you first. If they reach out, how do you know they are telling the truth? The simple answer is that you don’t. Whether they send you a letter by mail, an email, or contact you by phone, you don’t know if they are lying. Scammers can fake caller IDs and email addresses. Do not answer the phone, email, or letter if you are unsure.
2. If someone you do not know offers you money, they are likely attempting to scam you. You may receive the offer of prize money, a shopping spree, or a too-good-to-be-true loan. Chances are it’s a scam.
3. Never give out your personal information to a stranger. Your bank will never call to ask for your social security number or account details. If this happens, you should be on high alert.
4. Never pay someone first to redeem a so-called prize, debt, or job. It is a scam.
5. Never wire money or gift cards to receive a prize or settle a debt when someone is contacting you. It is likely a scammer attempting to steal from you.
If you believe you are the victim of a scam, contact your bank immediately. The Federal Trade Commission (FTC), Better Business Bureau, and your local authorities will record any scams.