If you live in the UK then you need to be aware of the risks involved in having a Chip and Pin credit card. It's been found that a research team at Cambridge University has discovered serious problems with the systems and fraudsters can even use your credit card without knowing your Pin number
Identity theft is very ugly and unfortunately also very real. And one of the more sinister types of fraud to emerge is the fake death. Having to grieve over the loss of a loved one is something that is very difficult yet we all experience it at some stage in our lives. It's horrible to think about this fraud but it's important that we understand what it is and how it is carried out.
It's horrible to find out that you have been sold a lemon and this can happen to anyone, even if you are buying from a company that's supposed to be established and reputable. However when buying from a private seller your risks are increased if you don't know exactly what you are doing. Be careful you don't end up buying a poor quality car. If you know what to look for you can avoid it, so here are some tips when buying a used auto:-
There are so many ways in which criminals can get hold of your personal details to commit fraud however one of the popular ways is simply to rummage around your garbage to hunt down bank statements, utility bills and anything else on it that might help with their illegal activities. Things such as NI number, date of birth and sort code. You really don't want these people to get their hands on these details which is why it's important you find a way of getting rid of it. Simply tearing up the paper in half is going to do nothing to deter a criminal. Instead you should look to buy a paper shredder.
Fraud can come in all shapes and sizes so it's important that we have an understanding of as many different techniques that are used by criminals as we can. This way we'll be able to avoid the traps that they set for us. These are lessons that every one of use should be aware of, it's not just the elderly that are targeted after all.
Continue reading: Ways To Prevent Being a Victim Of Senior Fraud
We all want our loved ones to be safe and happy but there are times that we simply aren't able to make sure that this happens. A big problem that people face is fraud however when it comes to the elderly, fraud is a much greater risk. It's difficult to know the full financial cost of elder fraud as much of it goes unreported, however it's estimated that it's in the region of $40 billion in the US alone. Unfortunately fraud is actually going up and therefore we need to understand what we can all do to stamp it out. So here are a few tips to help you:-
This advice really relates to everyone, not simple seniors. However it's a sad fact that seniors are targeted much more by fraudsters than any other age group. So it's extra important that older people understand what needs to be done in relation to protecting their identity. These tips are pretty simple really and everyone should be able to follow them.
If you are one of these people who have at some point in the past received an invitation for a gourmet meal as long as you go to an investment seminar, you'll know from experience that things don't turn out quite like how you expected. If you haven't experienced this then you should understand that if you went to one of these you'd end up being conned out of thousands by investing is a so-called guaranteed investment.