Tag Archives: credit scams

Being prepared to avoid scams and identity thieves

The beginning of November is a real kickoff to the holiday season. Along with the holidays comes identity theft. Is it because we are all so busy that we let our guard down? Is it because the increase in spending means there is more data to hack and grab? In addition to identity theft, scammers are also working to lighten your wallet and drain your bank account. There are habits you can learn and put into place to protect yourself during the holidays and all year round.

Step 1: Find a “techie” person who can research and spot the wolves in sheep’s clothing

Do you get phone calls from telemarketers who have the most amazing offer that will change your life? Maybe the person is selling gold currency or reverse mortgages. How do you know if they are scamming you? A good rule of thumb is when you want a product or service, you should do your research and find it locally. If you inclined to answer telemarketer calls, take down all the information and do some research on the legitimacy of the offer and the organization contacting you. If you do not feel comfortable in your investigation skills, find a family member who can help you out. It’s better to put your pride aside and ask for help than allowing yourself to be scammed or have your identity stolen.

Step 2: Get back to using cash or gift cards when you can

Remember the big chain stores having problems with credit card information being stolen? How about getting gas at one of the gas stations with the card skimmers? The volume of credit and debit card activity is significant around the holidays, and that means there can be a greater risk of identity theft. Maybe cash is not your preferred payment method and you want to swipe – find a gift card you can put money on and use for holiday shopping. It’s better than someone getting your debit or credit card and cause you undue burdens and stress.

Step 3: Learn about how the Consumer Financial Protection Bureau helps identify theft victims

The Consumer Financial Protection Bureau (CFPB) is an excellent source of information about identity theft and consumer scams. You can report scams and identity theft right on their website. They also share the laws that protect us from consumer fraud. Your credit rating is an asset and if the credit reporting bureaus fail to restore your credit rating after identity theft, you can sue them. We can connect you with a consumer law firm specializing in just that.

Step 4: Make it a habit to write down and log all your incoming phone calls

If you are receiving robo calls from telemarketers or bill collectors, you can act against them and will need to list the dates, times and what was generally said on the call or voicemail. When you answer the phone and someone on the other end has the deal of a lifetime to offer you, ask for their name or operator identification number. If they don’t tell you who they are you have good reason to disconnect the call and make a note that they called and refused to identify themselves. Information is power and the more you take control of these situations, the more empowered you may be to do something about it.

Step 5: Bolster your expectations of privacy and be vigilant with your personal information

For a few years people became lazy about expectations of privacy. Many assumed the banks and merchants would protect us and nothing bad would happen other than the loss of a few bucks we could get back easily. What happens when the identity thief gets a driver’s license in your name and kills someone in a DUI hit and run, with license plates in your name? Instead of giving out information like your social security number, take the extra time to use a different way to identify yourself. The damage a crook can do to your credit and identity is significant and well worth an ounce of prevention.

About us: Joseph Wrobel, Ltd., works with clients to find out if they qualify for Chapter 7 or 13 bankruptcy, and their options and rights under the law. The firm will also advise and assist clients with questions and concerns about the collectors and their rights to pursue you.

Joseph Wrobel, Ltd. helps people get control of their finances and a fresh start at financial freedom. The firm’s website contains informative videos about financial issues as well as bankruptcy protection for families who want a fresh start.

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