Fraud and scams…
they’ve been around for as long as anyone can remember. And, the
reality about these scams and frauds is that they’re not going to go
away anytime soon. The Internet has allowed the fraudsters to find
victims near and far, which means you need to be vigilant and protect
heard the old saying, “if it sounds too good to be true, it most likely
is”. And, what was true in the past is even more so today. Of course,
this isn’t your only weapon at your disposal to keep from being
cheated. Bear in mind that today’s scams and schemes can be found in
is often disguised as legitimate-looking emails, which means most folks
won’t question it. There are many goals of these email scammers:
- Get recipient
to send them money
- Get social security number
- Get credit card number
- Get bank account number
Internet scams occur, whatever their size or shape, the most important
thing you can do is keep yourself out of trouble.
Yourself and Others From Online Scams
suspicious of any email that looks like it comes from a reputable
source, it’s always best to question it. It’s the whole “better safe
than sorry” stigma. And, if you have fallen victim to an online scam,
you need to talk with the proper authorities to report it.
How To Buy and
Sell A Vehicle Safely
vehicle transactions are completely legitimate but that doesn’t mean
you should trust everyone you meet. It’s in your best interest to wade
through the entire process with caution, whether you’re buying or
selling a vehicle… especially since you’re likely to be buying sight
unseen and over the Internet.
Tips For Internet Vehicle Buyers
1 – Research the
different escrow companies you can do your transaction through and use
one that’s highly reputable.
2 – Be suspicious of vehicles that are marked far below the value in
the Kelley Blue Book.
3 – Do not release any personal and/or financial information that does
not to the sale.
4 – Be wary of vehicle transactions coming from a foreign country.
5 – Obtain a CARFAX history report on the vehicle you’re looking to
6 – Be sure to get the seller’s name, phone number and address.
7 – Have your own mechanic take a look at the vehicle.
5 Important Tips
For Internet Vehicle Sellers
1 – Research the
different escrow companies available to find a reputable service to do
your transaction through.
2 – Be overly cautious of overseas transactions.
3 – Be mindful of the common scam where phony buyers send out bogus
cashier’s checks that’s made out for much more than the vehicle’s
advertised price and requests you send a cash refund.
4 – Only give out information needed for the transaction…nothing more!
5 – Verify the buyer’s name, phone number and address.’
Internet Crime Resources
organizations listed below can offer you additional information on
scams and fraud, how to avoid fraud and how to report possible cases of
fraud. You can also find this information from your local or state
Business Bureau (BBB)
- Federal Trade Commission (FTC)
- Internet Crime Complaint Center (IC3)