Fraud and Financial Scams: What to Look Out For

Scammers are constantly finding new ways to steal money, so it's important that you know how to protect yourself. Today, we'll teach you some common types of frauds and scams. Learn what to watch for and what steps to take to keep yourself, your loved ones, and your money safe.

Types of Fraud and Financial Scams May Include:

• Charity Scams
• Debt Collection Scams
• Debt settlement and debt relief scamsForeclosure relief or mortgage loan modification scams
• Imposter scam
• Mail fraud
• Money mule scams
• Mortgage Closure Scams
• Lottery or prize scams
• Romance Scams
• Wire or money transfer fraud

How do you stop identity theft?

• Read your statements from credit card companies or banks and credit unions
• Check your credit reports for suspicious activity.
• Review your free credit reports from each of the three major credit bureaus. If an identity thief is opening financial accounts in your name, it may show up in your credit report!

If you're a victim of fraud, you can...

• Submit a complaint online with the Federal Trade Commission
• Contact your local police or sheriff's office
• Reporting it to your state attorney general

Tips to Protect Yourself From Scams:

• Don’t share numbers or passwords for accounts, credit cards, or Social Security
• Never pay up front for a promised prize
• After hearing a sales pitch, take time to compare prices. Remember: Sometimes a good deal is too good to be true!
• Watch out for deals that are only “good today” that pressure you to act quickly.
• Put your number on the National Do Not Call Registry. Go to www.donotcall.gov or call (888) 382-1222.