Scam Busters

Stop Scams

Lately, the economy has us attempting to reel in extra income in ways never before thought of.   Unfortunately, scammers work as feverishly as we do in times like these, creating ways to get you to part with your hard-earned dollar.   Keep your eyes open for these farces.

The Work from Home Scam is common and age-old.  Many need part-time work, or want work that allows them to stay home with their children, so it sticks around.  But beware of any job opportunities where you are asked to pay for “application processing fees or materials” up front.  After they take your money, you don’t hear from them again.  The only positions that are legitimate in this way are independent sales for cosmetics, and other companies like them. Red flags for this scam are flashy images on their web site – expensive cars, yachts, and people holding fistfuls of money.

The Home Rescue Scam is the new kid on the block of scams. A “real estate investor” promises to bring your mortgage payments current.  Just sign over the deed, and he or she offers to keep making the payments in the future. But you have to move out so he or she can rent the house, helping you avoid foreclosure and a stain on your credit.  However, the “real estate investor” never makes a mortgage payment while charging rent. Thus, the bank forecloses, you do get the black mark on your credit and the renter gets evicted. The only one “helped” in this setup is the “investor,” who collected rent money.

Fake Check Scams are clever and catastrophic to its victims.  A company sends a legitimate-looking check to you in the mail, instructing you to cash it and send a portion of the money back to them for “prize or contest fees.”  You do, and the check they sent you bounces.  You’re out the money you sent them and the bank fees to process the bounced check.

Sean C. Wright is the author of the short stories Hazel Hogan and Devil Does Dallas. She is also an editor. For more information about her writing skills and how she can assist you with yours–business or consumer–visit http://www.iwrightaway.com/.

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