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Affluent Investor | July 27, 2017

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Be on High Alert for Scams!

(Photo by GotCredit) (CC BY) (Resized/Cropped)

(Photo by GotCredit) (CC BY) (Resized/Cropped)

Unfortunately, this wonderful time of year is when scammers attempt to prey on shoppers.

The Better Business Bureau publishes a list of the Top 12 Scams of Christmas. Here are a few to keep in mind.

Fake charities: The holidays create a great opportunity for scammers to solicit donations to fill their own pockets. Beware of solicitations from charities that cannot deliver on their promises or pretend to be representing victims that do not really exist.

Stolen or Fake gift cards: Buy gift cards only from reputable dealers, not online or from individuals. It is easy for scammers to sell a card and pull out the funds before consumers can even give it as a gift.

Deceiving deliveries: Do not accept notices about delivery delays or confirmations on unordered packages. Scammers often pose as well-known retailers or shipping companies to gain false credibility and access to consumers’ computers.

Puppy scams: Be careful about buying pets online. Consumers may be unwittingly buying from a puppy mill where dogs have health problems, or they may send money to a scammer and get nothing in return.

The entire list is worthwhile checking out.

The best way to avoid a Christmas season scam is to be skeptical of any unfamiliar websites, phone or email offers. Always verify who you are talking to and don’t give financial or personal information to strangers, especially to any offer that sounds too good to be true. Nothing can ruin the season as quick as getting ripped off. ‘Tis the season to be jolly but not caught up in a folly.

 

Originally posted on Crown.

 

Chuck Bentley is CEO of Crown, a non-profit business and personal finance policy and educational organization, and author of “The S.A.L.T. Plan. How to Prepare for an Economic Crisis of Biblical Proportions” and “Root of Riches, What if everything you think about money is wrong?”

 

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