Scammers take advantage of people’s generosity and busy schedules during the holiday season to steal information and money. People over the age of 65 are especially vulnerable to being targeted because they’re more likely to own their own home, have a retirement fund and have excellent credit. To keep Grinches out of your holidays, keep […]
Every 14 seconds, someone becomes a victim of identity theft.1 These fraudsters can usually trigger warning signs of identity theft — and prevention is key, helping you catch the thief before you find out they inflicted thousands of dollars in damage. To help ensure you don’t pay this price, review our list of identity theft […]
Watch Out for Catfishing Catfishing is when someone presents themselves online as someone else to trick people into befriending them and giving them money. They may take months to establish a friendship or an online dating relationship. Then they’ll make innocent requests, like asking for help covering a medical bill, or telling you they’re having […]
Unfortunately, there is no straightforward answer to this question. Whether or not your bank will refund scammed money depends on various factors — such as the bank’s policies, the type of scam, how you paid, and how quickly you reported the fraud. The good news is that there are some protections for consumers who have […]
You might be able to get your money back after you’ve been scammed. What you should do, and whether you’ll get a refund, depends on what happened. If there’s an unknown payment from your account Contact your bank immediately if: there’s a payment from your bank account you don’t recognise – this is known as […]
Scamming is rampant. More than 40,000 people filed scam reports with the Better Business Bureau in 2022, and the median reported dollar loss was $171, according to that year’s BBB Scam Tracker Risk Report. A lot of those scams are targeting your bank accounts. And though federal law limits liability for credit card fraud, it’s not […]
Scammers can be very persuasive in convincing you to send them money. If you’ve already paid a fraudulent debt collector, your best bet is to seek recourse with the bank or financial institution you used to send the money. For example, if you paid the illegitimate collector with a credit card or debit card, contact […]
If you’re worried about becoming a victim of debt collector scams, here’s how you can protect yourself, your bank account and your personal information: Contact your creditor Track the source of the debt by reaching out to your creditor to see if it has any information about the debt in question. If the company that […]
Getting a call, email or letter from a company that claims to be a debt collector can be alarming. Here are six telltale signs that you’re dealing with a credit collection services scam: They pressure you A credit collection scam might use scare tactics and threats. The scammer might also pull the emotional card, making […]
Scams involving Bitcoin or other cryptocurrencies are rapidly increasing in frequency. If you have been scammed, you may feel angry, embarrassed and unsure of where to turn to recover your funds. This article lays out the best practices for attempting to recover your funds. Please note: broadoak-capital.com offers a service to help you trace […]