Scams have become an
ever growing thing in the world today; as soon as one
is knocked down another one arises in a new and even
harder to catch form. Let’s have a look at some
of the most extreme accounts of scams that are very
common and hit people right where it hurts, their pocket.
5. Mortgage Elimination Scams:
This scam works by the company telling their client
that they can completely eliminate their mortgage debts
through loop holes in their contract for a small fee.
This fee is usually around the few thousand dollar mark.
These scams aim for people who are financially stressed
and are looking for a way to get back on top their mortgage
repayments. Home owners have fallen for this scam and
the only real outcome is that they have put themselves
further in debt and have a lost a fair bit of their
money as well as sometimes even having criminal charges
put against them.
4. Investment scams:
These scams work by enticing people to invest their
money into their company with low and a discounted deposit
which include a super high interest rate. They guarantee
that you will start making money on your investment
within a matter of a few short hours. Usually the people
who are most likely to fall into such a scam are people
who are new to the whole investment arena. The outcome
of such a scam will be your loss of a lot of money that
is most likely never going to be retrieved.
3. Mortgage Loan Scams:
This scam works by either advertising on the internet
or through the local paper and will usually use well
known names of loan companies. These ads are often aimed
at people who are looking for a low interest rate mortgage
loan. Many people buy into it, contact them and give
them a wealth of information about themselves such as
their social security number and their bank account
details. Usually these loans are approved immediately
and the next step is for you to fax your personal information
to them. You will be expecting them to make a deposit
or a repayment for you, but it never happens. Usually
the outcome to this scam is that people lose their money,
have no mortgage loan and are at risk of identity theft.
2. Business Opportunities:
Everyone has the dream of one day working at home or
owning their own business and that is why this scam
is always around. A person fall into it every single
time it’s offered, especially now that the internet
is here and makes it that much easier to scam people.
These scams work by promising, for a small up front
fee, that you will receive a list of jobs or have a
great selling business that you can make thousands of
dollars from, every single month. Usually the outcome
is that you pay out money not to ever receive any work
or any thing in return.
1. Credit Card Scams:
I saved this one for last as it is the most extreme
and most common scam that’s around today. No one
is safe from it and it can happen anywhere and at any
time. Some common ways people can get your credit card
number and scam you into paying thousands of dollars
worth of bills is through the internet and using insecure
pages to log in your credit card information. Through
the phone, people ring you up pretending to be the bank
or another company asking you for your credit card numbers
to verify it. Many new credit card holders have their
cards stolen and nowadays it is easy for the people
who steal them to verify them. Using such inventions
like the ‘fake’ caller ID, all they have
to do is have your credit card number along with your
phone number and they can make the verification call
from anywhere by dubbing your number into the fake caller
ID. The outcome of this is usually always the same,
they create one enormous bill for you to pay before
you even realize that your card or your cards numbers
have been stolen. Also another outcome is the risk of
having your identity stolen, as they have all the information
they need.
As you can see all of these scams are pretty common
and you see them everyday, but just because they are
common doesn’t mean that you need to fall prey
to them. Always protect your personal information and
use your common sense when applying for things.
MT |
