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Common Scams

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Common Scams

Frauds come in all shapes and sizes. Think you’ve run across one? Get to know the most common types.

Credit, Debt, and Loans Scams

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Most of the people do experience Credit, debt, and loans scams daily, some may end upgetting tricked, and some don’t. Credit scams to watch out for are those who often promise to lend you a loan after you have paid a certain amount of fee (loan origination fee) which might be $50 or even up to few thousand dollars. Therefore, you should know these loans scams and how to identify them and also how to check if a loan company is legitimate.

Fraud Against Older Adults

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Fraudsters usually prefer scamming an older individual since older people tend to trust easily and can’t quickly notice that they are being scammed. When it comes to elderly scams, there are some common scams that fraudsters practice. These commons scams are:

Scamming the elderly online, via phone call or using a bogus sales magazine is quite easy since older people can be convinced easily.Remember that there are laws against taking advantage of elderly so be sure to check them. Therefore, let’s have a look at how you can avoid each of these types of common scams.

Health Fraud

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Health fraud: Health care frauds comprise of medical fraud, drug fraud and health insurance fraud. When an individual or a company defrauds an individual (insurer) or health care program, then that is referred to as health insurance fraud. Thus the manner at which the health care frauds is done differs and the fraudsters, they tend to look for new ways to avoid the law. Be careful while seeking health advice online for there are a lot of online health fraud platforms waiting to scam an older person.

Identity Theft

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Identity theft also known as identity theft, is a deliberate use of someone’s personal identity information usually for financial gain or harm the person whose identity has been assumed.

Typesof identity theft.

Money Making Scams

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There are a lot of money-making scams online; it can be ‘get paid for car advertising stickers’, ‘opportunity to make money quick promo’ among many others. But first, be cautious because that promo that seems to be a dream come through opportunity can be a scam trick intended to victimize you, so watch out.

Phony Prizes and Sales

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It all starts with a notification that “you are the winner of …” and what follows is con artist tricks that will lead to you losing your own money.

The common scams found on Phony prizes and sales category include:

Scams of the Heart

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Scams of the heart are the types of scams at which the fraudster will be apt to exploiting an individual’s emotions and feeling in order to cash out or make money.And this affects mostly those who are using online dating sites.

The common scams under this category are:

Tech Scams

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Technology improvements mean more scamming opportunities are created online. Online scammers have the ability to get any kind of details from your computers through fake websites and viruses that they create.

Tech scams consist of the following common scams.