Magazine article Black Enterprise

Raw Deal: Avoid These Consumer Scams at All Costs

Magazine article Black Enterprise

Raw Deal: Avoid These Consumer Scams at All Costs

Article excerpt

We all know to beware of would-be thieves who rummage through garbage cans, in hopes of finding any bit of info--like a Social Security number--for illegal gain. But it doesn't stop there. According to the Identity Theft Resource Center (www.idtheftcenter.org), identity theft is the fastest growing crime in the nation. The organization suggests never giving out personal information, such as your credit card number, unless you initiate the call. And even then, make sure that you're talking to an actual company representative.

The Identity Theft Resource Center provides a list of generic scams to watch out for and suggests that you do not respond to any of them, not even to have your name removed:

* Free credit report e-mails. Free means just that. If a company wants you to pay for what it advertises as free, think twice. Usually a person is trying to get your Social Security number or bill you for a service. Check out the company through the Better Business Bureau (www.bbb.org) or the Federal Trade Commission (www.ftc.gov). Depending on where you live, you can get a report for free by contacting Equifax (www.equifax .com), TransUnion (www.transunion.com), or Experian (www .experian.com).

* Nigerian 419 scam. Many of us have received an e-mail from a foreign representative asking us to move money from one account. to another. These scams account for about 12% of the scam offers people receive and net $100 million a year. No matter how sorrowful the letter sounds (latest versions include correspondence from a dying woman and a soldier as well as e-mails from other countries such as India and South Africa), don't fall for it! …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.