The Federal Trade Commission (FTC) has some tips to help you be better at avoiding being a victim of consumer fraud...

1. Know who you're dealing with. Only do business with companies that clearly provide their name, street address and phone number.

2. Protect you personal information. Only share credit card and other personal information when buying from a company you know and trust.

3. Take your time. Resist the urge to "act now". Most any offer that's good today will be good tomorrow, too.

4. Rate the risks. Every potentially high-profit investment is a high-risk investment. That means you could lose your investment -- ALL of it.

5. Read the small print. Get ALL promises in writing and read all paperwork before making any payment or signing any contracts. Pay special attention to the small print.

6. "Free" means free. Throw out any offer that says you have to pay to get a gift or a "free" gift. If something is free or a gift, you don't have to pay for it. PERIOD.

7. Report fraud. If you think you've been a victim of fraud, report it. It's one way to get even with a scam artist who cheated you. By reporting your complaint to 1-877-FTC-HELP or ftc.gov, you are providing important information to help law enforcement officials track down scam artist and stop them!

FTC Consumer Complaint Form

Source: FTC


Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

 

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Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services

Medford Township, NJ

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