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Guard Against Scams
Open with Caution

Adam opens his e-mail. A popular Internet payment company requests that he send his credit card number so the company can update its records.

Betty opens a letter. She has won a trip to the Bahamas, and all she has to do is send a $50 processing fee to receive her tickets.

Camilla opens her door. A man asks for a donation to a well-known charity. She says she has already donated, but the man tries to pressure her into donating $20 more.

All of the above examples are likely scams. Unfortunately, scams don't come with an "open with caution" warning, so it can be difficult to judge them. It's especially easy to fall victim to fraud when you're busy (such as checking many e-mails) or caught off guard (when you're approached by someone in person).

There are several things you can do to protect your finances from scam artists. Learn how to spot scammers' language and techniques, and do not give personal information or money unless you initiated the transaction and are certain it is trustworthy.

Scam Indicators

• Asks for money to claim a prize or enter a sweepstakes, contest or lottery.
• Refuses to give you written information or details of an offer before you agree to buy or donate.
• Requests your credit card or checking account number when you are not making a purchase with that account.
• Tries to pressure or scare you into acting immediately.
• Insists that you wire money.
• Refuses to stop calling after you've asked to not be called again.
• Contacts you for personal information the company already has.
• Gives you a check or money order and asks you to send some of the money somewhere else, possibly overseas.

Before Opening Your Wallet

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