Tips for Avoiding Telemarketing Fraud
If you hear these-or similar- “lines” from a telephone salesperson, just say “no thank you,” and hang up the telephone:
“You’ve won a free gift, vacation, or prize.” But you have to pay for “postage and handling” or other charges.
“You must act now, or the offer won’t be good.”
“You must send money, give a credit card or bank account number, or have a check picked up by courier.” You may hear this before you have had a chance to consider the offer carefully.
“You don’t need to check out the company with anyone.” The callers say you do not need to speak to anyone, including your family, lawyer, accountant, local better business bureau, or consumer protection agency.
“You can’t afford to miss this high-profit, no-risk offer.”
Don’t buy from an unfamiliar company.
Legitimate businesses understand that you want more information about their company and are happy to comply.
Always ask for and wait until you receive written material about any offer or charity.
If you get brochures about costly investments, ask someone whose financial advice you trust to review them. But, unfortunately, beware—not everything written down is true.
Always check out unfamiliar companies.
Check unfamiliar companies with your local consumer protection agency, better business bureau, state attorney general, the national fraud information center, or other watchdog groups. Unfortunately, not all bad businesses can be identified through these organizations.
Obtain a salesperson’s name, business identity, telephone number, street address, mailing address, and business license number before you transact business.
Some con artists give out false names, telephone numbers, addresses, and business license numbers. Verify the accuracy of these items.
Before you give money to a charity or make an investment…
Find out what percentage of the money is paid in commissions and what percentage actually goes to the charity or investment.
Before you send money, ask yourself a simple question:
“What guarantee do I really have that this solicitor will use my money in the manner we agreed upon?”
Don’t pay in advance for services.
Pay services only after they are delivered.
Be wary of companies that want to send a messenger to your home to pick up money, claiming it is part of their service to you.
In reality, they are taking your money without leaving any trace of who they are or where they can be reached.
Always take your time making a decision.
Legitimate companies won’t pressure you to make a snap decision.
Don’t pay for a “free prize”.
If a caller tells you the payment is for taxes, he or she is violating federal law.
Before you receive your next sales pitch, decide what your limits are—the kinds of financial information you will and won’t give out on the telephone.
Be sure to talk over big investments offered by telephone salespeople with a trusted friend, family member, or financial advisor.
It’s never rude to wait and think about an offer.
Never respond to an offer you don’t understand thoroughly.
Never send money or give out personal information such as credit card numbers and expiration dates, bank account numbers, dates of birth, or social security numbers to unfamiliar companies or unknown persons.
Be aware that your personal information is often brokered to telemarketers through third parties.
If you have been victimized once, be wary of persons who call offering to help you recover your losses for a fee paid in advance.
At Elder Protection Center we’re here to help you and the ones you love to navigate the complexities and concerns that often come with aging.
Protect the People You Love is our number one priority. You are not alone. We’d love to hear from you. Elder Protection Center is standing by for you and your loved ones – Today.