Tom Antion: Hi! I am Tom Antion. Today, I am going to discuss with you how to avoid consumer scams. Don't give out personal information. Be suspicious of anyone you don't know who ask for your social security number, credit card number, bank account details or your date of birth. Don't be intimidated. Scammers use false urgency techniques to get you to provide or verify personal information immediately. Tell them you are not interested and hang up and forward the email to your state's anti-fraud agency.
Monitor your accounts; review your bank and credit card statements carefully. Report any unauthorized transactions no matter how small to your financial institution immediately. Small charges can be big problems are coming your way. Use a shredder before you use your garbage can. Tear or shred credit card offers you receive in the mail, bank statements, insurance forms and other papers that contain your personal information. Scammers can steal your identity from papers you routinely throw away.
Never pay any money upfront to claim a lottery or sweepstakes prize. These are called advanced fee scams. You will never see that money again and you definitely won't see the prize. And another thing, never transfer money from your bank account or wire money to an unknown person or business. You would be better off stuffing the money down the nearest available toilet because it's gone.
One of your best bets is to go online and research any deal offered to you. The chances are someone else who has been scammed is telling their sad story online and it can save you a ton. Those are just a few precautions you can take to avoid consumer scams.