In August, 2004, the Federal Soldier Trade Committee issued their determinations of a recent study, which showed that nearly 25 million grownups were victims of fraud.
Now, most importantly, If you are a victim of fraud, delight make not experience like you did anything wrong. It haps to all of us at one point or another, as the FTC’s survey clearly shows. Everyone wishes a magic trick, and none of us are fully capable of noticing the con-artists’ flimsy of hand. So, if you’re A victim, take a deep breath. You’re normal.
But, there’s Associate in Nursing old expression that travels something like this: Fool Maine once, shame on you…Fool me twice, shame on me!”
Here are 5 killer stairway to protect yourself from Credit Card SCAMS!
NATIONAL NO-CALL REGISTRY.
TELEPHONE SOLICITATION
1-900 NUMBERS.
ANNUAL FEES, INTEREST RATES, ETC.
THE UNITED states federal trade COMMISSION
1. NATIONAL NO-CALL REGISTRY:
There’s nil more bothersome then those credit card offers that you get over the phone. I don’t cognize about you, but the last thing I desire to be doing, while having dinner with my 1 twelvemonth old girl and my beautiful wife, is to be irritated by phone phone phone calls from canvassers that just desire to do money off me. Legitimate or not, these calls are a nuisance. If you’re like me, and you would rather dwell without dealing with these calls, then travel make this:
The FTC have created the National Do-NOT-CALL registry. Go happen out more than information about it. The website is: http://www.donotcall.gov
If it do sense, complete the online form.
Take a deep breath, and relax. Within 30 days, the listing will begin working for you. I can personally attest that, while the solicitations have got got not stopped completely, they have significantly, significantly decreased.
Join the FTC No-CALL-Registry, and enjoy a reduction in telephone solicitation phone calls.
2. TELEPHONE SOLICITATION:
Believe it or not, the huge bulk of lenders out there are legitimate. Also, believe it or not, a batch of these lenders use telemarketing as a method of reaching out to possible customers.
But mind of a wolf in sheep’s clothing. Legitimate Lenders never inquire for a processing fee in order to finish your application (this makes not include assessments during a existent estate transaction in Escrow…We are discussing credit cards here).
Keep your personal information to yourself! Don’t give out bank information, credit card numbers, societal security numbers, etc., to person you don’t know, on a telephone call. Use your common sense.
If you don’t have got the offer in hand, or confirmed in writing, then don’t pay. This is fraud. Who is this individual on the phone anyway? Get their phone number, their address, their federal tax Idaho number, and then state them you’ll phone call back. If they’re legitimate, they’ll give it to you. If you oppugn them, then I state trust your instincts. You’re probably right on target.
Who is this on the phone? Don’t trust people you haven’t had a opportunity to get to know. Don’t allow one enticing offer on a phone call, be your guide...
3. 1-900 NUMBERS:
A 1-900 number is, of course, a phone number that charges the company per minute for making the call. Whether it’s A 1-900 number, or a hereafter manifestation of the same type of telephone service, be wary of doing business this way.
The most common Credit Card SCAM, in all of its different forms, is called an “ADVANCE fee load SCAM”. Typically, you will happen these in the classified subdivision of your local newspapers and trade magazines, and unfortunately, you’ll also see them floating around the internet.
In a nutshell, the culprit will vouch you a loan, but you have got to pay them an upfront fee first. The fee can range from $100 to respective hundred dollars. The charges can be extracted using telephone services like 1-900 numbers. Beware of messenger services, and transactions that avoid the United States Postal service, often conducted so as to avoid detection. The cozenage is that once the fake company have your money, they vanish from the planet, leaving you a victim of their con. You are out money, and no credit card.
Now lets’ not mistake Advance Fee Load Scam people with legitimate lenders and institutions. I can attest that there are existent companies out there, trying to assist you to get the credit, loans, and consumer debt services that you need. I believe in many of these services, and I believe in the convenience and powerfulness of the internet. However, usage your common sense in all your business transactions in life, and that includes credit. Never give person money without getting anything back in return. Never trust person that you don’t know. Never get enticed into a deal that’s too good to be true.
Use your common sense, and don’t autumn quarry to the con people flimsy of hand, such as as the Advance Fee Load Scam...
4. ANNUAL FEES, INTEREST RATES, ETC.:
Credit Card Scams come up in all different forms and sizes. Many of them are, arguably, not cozenages at all, but let’s just name them credit card offers involving consumer unfriendly terms.
Read the fine-line. Every Credit Card Offer must supply the Consumer with written certification on the terms of the offer.
Check the Annual Fee, the Interest Rates, the Cash Advance Fees, the Late Fees, and all other terms of the offer.
c) Brand certain you cognize what you are getting. Some offers are for secured cards, some are for unsecured cards, and some offers are for shopping portals online and offline (Like a section shop card). So, while none of these are scams, by definition, it is of import that you fully understand the terms of the credit card offer that you are agreeing to.
Be a responsible consumer, and read the terms and statuses of your credit card offer...
5. THE UNITED states federal trade COMMISSION::
The best topographic point to travel for direct consumer information, protection, and remedy, is the United States Federal Soldier Trade Commission...
The FTC website is: http://www.ftc.gov
The FTC can supply you with tons of free information about Credit Cards, and other consumer related concerns. They can assist you learn more than about what to avoid, how to be a smarter consumer, and what to make if you believe that you are a victim of fraud, and what your redresses may be.
The FTC is there to help...
SUMMARY:
Use the No-Call Register to cut down telephone solicitations in your home and topographic points of business. While many legitimate lenders use telemarketing, be careful. Don’t give out personal information to people you don’t know, don’t wage up-front processing fees over the phone, and get everything in writing. See yourself an advised consumer on “Advanced Fee Load” Scams, and expression out for the signs, when these cozenages regrettably do their manner to you. Read the terms of the offers that you are considering, and use the FTC website for trusted information, resources, and all related to stuffs on consumer credit card issues.
We’ve enjoyed providing this information to you, and we wish you the best of fortune in your pursuits. Remember to always seek out good advice from those you trust, and never turn your dorsum on your ain common sense.
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