5 Warning Signs of a Scam

July 21, 2008

courtesy appraisalnewsonlineIf you’re ready to sign up for a service, product or opportunity, beware of the following signs that what you’re looking at may really be a scam to get your money:

1. “Act now!” Why the rush? If it’s a good deal today, it’ll be a good deal tomorrow, after you’ve had a chance to check up on the company and its claims. 

2. “You won’t believe this!” The oldest scam warning in the world is: “if it’s too good to be true, it isn’t true.”

3. “Free” Nothing, I repeat nothing, is free. That “free” credit monitoring or “free” ringtone comes with a subscription to be billed later. 

4. “No risk!” Sorry, there’s no such thing as a sure bet. If it’s guaranteed to make money, the seller would be out making money with it instead of hawking it to you.

5. “Fill out this form” Uh-oh, why am I providing personal information to this stranger? Bank account numbers, social security number, etc.? I don’t think so.