Rapunzel’s Credit Folley

Once upon a time there was a beautiful girl named Rapunzel who had exquisite credit.  She had spent years growing her credit score so it was large enough for her to go to college, or buy a car or even a house.  But she was still young, and her mother did not want her to run off and get married and spend all her credit on a house and husband before she had had a chance to get a college education.  So her mother locked Rapunzel away in a high tower with only a computer so Rapunzel could go to school online. Every day suitors would come to the tower and cry, “Rapunzel, Rapunzel, let down your hair!”  But Rapunzel was taught well by her mother and knew better than to let these young men get to her lovely credit score.  And so she kept to herself and her studies, and her credit continued to grow. Then one day Rapunzel received a call from a young man who said he was from Technical Support.  He warned her that without his help, her computer was in security danger.  For fear of losing her one link to the outside world through her […] Read More

Golden Rule & Vacation Distress

You want to do the right thing, especially for someone you know and love who is travelling in a foreign country where they have been mugged.  If that person has reached out to you for money, follow the Golden Rule:  The one with the gold makes the rule. Verify the vacation distress. Though you are motivated to send money right away, try to make direct contact with the person first.  With modern technology at your disposal, this step can be accomplished as fast as your fingers can move. Do not use or reply to whatever means of contact given in the distress message; instead use contact information you already have for the person.  Contact the person’s home or office. If you cannot confirm the person is alive and well directly, verify with friends, family, or neighbors the whereabouts of the alleged victim…before you become the actual victim of a fraud. Safe travels to you and your money, even if you do not leave home.   Read More

Trends in Fraud

If you are not spending your own money, someone else may be spending it for you in a scam.  For those who made it through the IRS imposters (or did not), consumers have these trends in fraud to watch out for:   Nepal Earthquake Disaster Relief:  Turn a natural disaster in to a financial disaster by giving financial information to a fraudster instead of a legitimate charity.  This type of fraud is popular when there is a big event negatively affecting many people. Avoid: Unsolicited contact.  If you want to give, YOU contact the aid organization of your choice.  Do not give personal or financial information to an unsolicited caller or email sender. Phishing names.  Watch out for organizations with similar names to legitimate charities. Bogus charities.  Research the charity through Department of Agriculture and Consumer Services at FreshFromFlorida.com and also contact the Better Business Bureau’s Wise Giving Alliance at (703) 276-0100 to check for complaints.  Additionally you can learn about a charity’s status at IRS.gov (look under Charities and Non-Profits topics).   Weight Loss Promises:  Waist reduction could become wealth-reduction if you believe in bogus celebrity endorsements on this email spam.  This spam scam usually appears to come from […] Read More