Money Matters How to spot, avoid, and report scams (2024)

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Living through the pandemic has transformed our personal and professional lives. While some of us continue to work from home, others are interviewing for their first job, and still others are seeking a new career path. Finding a place to live, whether buying a home or renting a place to live can be financially challenging. Transportation costs may have some of us rethinking where we want to live and the kind of jobs we want. And, as we work to regain our financial footing, scammers will continue to try to steer us off course and steal our money and personal information.

Here you will find information and resources to learn – and teach others – how to tackle common money issues head-on, as well as how to spot, avoid, and report related frauds and scams that can affect your financial well-being.

Credit Reports

Buying or Rentinga Home

Avoiding a Scam When Looking for a Job

Borrowing and Debt

Education and Training

Your Rights When Shopping

Buying and Owninga Car

Prizes and Grants

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Learn how your credit report affects your ability to get a loan, a job, housing, insurance, and more.

  • Articles:
    • Understanding Your Credit
    • Did a Lender Offer Less Favorable Terms or Deny You Credit?
    • Getting Utility Services: Why Your Credit Matters
    • Disputing Errors On Your Credit Reports
    • Sample Letter to Credit Bureaus Disputing Errors on Credit Reports
  • Related Consumer Alerts:
    • You now have permanent access to free weekly credit reports

  • Videos:
    • Your Source for a Truly Free Credit Report? AnnualCreditReport.com
  • PowerPoint Presentations:
    • Taking Control of Your Credit Report
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Buying or Renting a Home

Learn about rental assistance, rental listing scams, mortgages, and mortgage relief scams.

Buying

  • Articles:
    • Shopping for a Mortgage FAQs
    • Mortgage Relief Scams
    • Trouble Paying Your Mortgage orFacing Foreclosure?

Renting

  • Articles:
    • Rental Listing Scams
  • Related Consumer Alerts:
    • Need rental assistance? Check out these tenant assistance services
  • Videos:
    • Renting an Apartment
  • PowerPoint Presentations:
    • Avoiding a Scam When Renting a Place to Live
    • Avoiding a Scam When Buying a Home
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Avoiding a Scam When You’re Looking for a Job

Learn how to spot, avoid, and report job scams, MLMs and pyramid schemes.

  • Articles:
    • Job Scams
    • Multi-Level Marketing Businesses and Pyramid Schemes
  • Related Consumer Alerts:
    • Job scams targeting college students are getting personal
    • Searching for a job to work remotely? Avoid scams and identity theft
    • Looking for a remote job for a cause you care about? Here’s how to know if it’s a scam
    • Scammers impersonate well-known companies, recruit for fake jobs on LinkedIn and other job platforms
  • Videos:
    • Avoid Work at Home Scams
    • Nanny and Caregiver Imposter Scams
  • PowerPoint Presentations:
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Borrowing and Debt

Learn about different types of loans, getting out of debt, credit counseling, related scams.

  • Borrowing money
  • Managing debt
  • Related Consumer Alerts:
    • Credit card debt relief that isn’t
  • Videos:
    • Budgets
    • Minimum Payments on Credit Cards
    • Car Title Loans
    • Payday Lending
    • Debt Collection: Know Your Rights
    • Fraud Affects Every Community: Debt Collection
    • Fraud Affects Every Community: Debt Settlement Companies
    • Student Loan Debt Relief Scams
  • PowerPoint Presentations:
    • How to Cope With Debt and Avoid Debt Relief Scams
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Education and Training

Advice for choosing a college or vocational school, paying for school, and avoiding scams, including debt relief scams.

  • Articles:
    • Your Education After High School
    • Choosing a College: Questions To Ask
    • Choosing a Vocational School or Certificate Program
    • Paying for School and Avoiding Scams
    • How To Avoid Scholarship and Financial Aid Scams
  • Related Consumer Alerts:
    • Pay your student loans — not scammers
    • Don’t pay for help with your federal student loans
    • Did you hear the SCOTUS decision on student loan debt relief? So did scammers.
    • FTC halts two student loan debt relief schemes
  • Videos:
    • Avoiding Student Loan Debt
    • Student Loan Debt Relief Scams
  • PowerPoint Presentations:
    • Paying for HigherEducation
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Your Rights When Shopping

Learn about online and comparison shopping, rent-to-own, lease-to-own, layaway, and buying over time, solving problems/what to do if you were scammed.

  • Articles:
    • Saving Money When You Shop
    • Online Shopping
    • Buy Now, Pay Later, Rent-to-Own, Lease-to-Own, and Layaway
    • Solving Customer Problems: Returns, Refunds, and Other Resolutions
    • What To Do if You Were Scammed
  • Related Consumer Alerts:
    • Were you charged for Amazon Prime without your permission?
    • The INFORM Consumers Act and online marketplaces: What to know
    • How to stop subscriptions you never ordered
    • Shopping online? Here’s what to do when things go wrong
  • Videos:
    • Online Reviews and Recommendations
    • Online Shopping - Security Advice
    • Free Trials Can Cost You
  • PowerPoint Presentations:
    • Shopping and Saving
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Buying and Owning a Car

Advice on shopping for and buying a new or used car, financing options, and repossession.

  • Articles:
    • Car Dealer Ads and Promotions: Know Before You Go
    • Financing or Leasing a Car
    • Buying a Used Car from a Dealer
    • Buying a Used Car: What to know and do
    • Auto Loan Refinancing Scams
    • Vehicle Repossession
  • Related Consumer Alerts:
    • What to know about auto service contracts and extended warranty scams
    • FTC and Connecticut take action against Manchester City Nissan auto dealership for illegally charging car buyers
    • The new CARS Rule: What you need to know
    • What to do if you can’t make car payments
    • Overcharging car buyers based on how they look? That’s illegal
  • Videos:
    • Spotting Deceptive Car Ads
    • Buying a Used Car
    • Financing a Car
    • Understanding Car Add-ons
    • Avoiding a Yo-yo Financing Scam
    • Paying Your Car Loan - Personal Finance Advice
  • PowerPoint Presentations:
    • Buying a Car From a Dealer
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Prizes and Grants

Learn how to spot, avoid, and report fake prize, sweepstakes, and lottery scams, government grant scams.

  • Articles:
    • Fake Prize, Sweepstakes, and Lottery Scams
    • Government Grant Scams
    • What To Do if You Were Scammed
  • Related Consumer Alerts:
    • Are you really the lucky winner? Spot the prize scams
    • Hang up on PCH impersonators
  • PowerPoint Presentations:
    • Fake Prizes and Grant Scams
  • Share These on Social:

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For More Information

Avoiding and Reporting Scams

  • How To Avoid a Scam – Recognizing these common signs of a scam could help you avoid falling for one.
  • What To Do If You Were Scammed – Find out steps you can take if you were scammed.
  • Report Fraud, Scams, and Bad Business Practices – Your complaint could help the FTC stop the scammers.

Videos:

  • How to Report Fraud at ReportFraud.ftc.gov
  • Why Report Fraud?

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Money Matters How to spot, avoid, and report scams (2024)

FAQs

How to avoid scams and frauds? ›

Avoiding Scams and Scammers
  1. Do not open email from people you don't know. ...
  2. Be careful with links and new website addresses. ...
  3. Secure your personal information. ...
  4. Stay informed on the latest cyber threats. ...
  5. Use Strong Passwords. ...
  6. Keep your software up to date and maintain preventative software programs.

How to spot a scammer? ›

Common signs of a scam
  1. It's an amazing opportunity to make or save money. ...
  2. Someone you haven't met needs your help – and money. ...
  3. The message contains links or attachments. ...
  4. You feel pressured to act quickly. ...
  5. They ask you to pay in an unusual or specific ways. ...
  6. They ask you to set up new accounts or PayIDs.

How should one avoid financial scams? ›

Financial scams are on the rise, but there are 6 things you can do to make it much harder for thieves:
  1. Never share your One Time Password (OTP) ...
  2. Never share your Password. ...
  3. Never share your Reset password link. ...
  4. Don't make financial transactions on open public networks. ...
  5. Set strong and unique passwords for every account.

How do I protect myself from financial scams? ›

Use strong passwords. Shred your personal documents. Secure your devices with security software and use secure websites. Monitor your bank transactions, credit card and online shopping accounts.

What are 3 excuses a scammer uses? ›

Vague profiles and excuses: Scammers frequently fabricate stories about financial trouble, illness, or other misfortunes, manipulating their victims' sympathy to solicit money. They urge their victims to send gift cards, wire transfers, or cryptocurrency.

What not to do with a scammer? ›

STOP CONTACT WITH THE SCAMMER.

Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer.

What are the red flags of a scammer? ›

Receiving a check or overpayment and being asked to wire a portion of the funds back. Being asked to provide your password, PIN, Social Security number, account number or financial information to someone who contacts you out of the blue. Get-rich-quick and other promises that sound too good to be true.

How to find out if someone is real? ›

Go to Google and do a reverse image search of their profile picture. If it's associated with other names or comes up on a stock image site, it's a scam. Once you know they're fake, report their account to the dating site or app you're using.

What are 4 to 5 ways scamming can be prevented? ›

8 things you can do to avoid being scammed
  • Be suspicious. ...
  • Don't trust unexpected contact. ...
  • Do your research. ...
  • Resist demands to act quickly. ...
  • Keep your computer virus protection up to date. ...
  • Never open attachments or click on links in emails if words or images make you feel unsure about the sender.

What is the most common way to get scammed? ›

Common Scams
  • Advance Fee Scams. ...
  • Tech Support Scams. ...
  • Phishing. ...
  • Emergency Scams. ...
  • IRS or Government Imposter Scams. ...
  • Foreign Money Exchange Scams. ...
  • Counterfeit Cashier's Checks. ...
  • Bogus Debts.

What information does a scammer need to access my bank account? ›

The easiest way to become a victim of a bank scam is to share your banking info — e.g., account numbers, PIN codes, social security number — with someone you don't know well and trust. If someone asks for sensitive banking details, proceed with caution.

How do you test a romance scammer? ›

How to spot and avoid romance scams
  1. They prefer to move communications away from dating websites. ...
  2. They ask a lot personal questions about you.
  3. They avoid answering personal questions about themselves. ...
  4. They try to establish a bond quickly. ...
  5. They ask for financial help. ...
  6. You never meet them in person.

Will a scammer meet you in person? ›

Con artists are present on most dating and social media sites. The scammer's intention is to establish a relationship as quickly as possible, endear himself to the victim, and gain trust. Scammers may propose marriage and make plans to meet in person, but that will never happen.

Is there an app to identify scammer? ›

With Truecaller, you can identify and block spam calls or SMS, and search for unknown numbers with ease.

How to check scammer pictures? ›

With Google Image Search, for example, you click a camera icon and then drag or upload an image (you can also paste a URL). The results can show the photo's origin and share information from news organizations and fact-checkers.

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