How Do Credit Scams Work?
Telemarketing scams work in a variety of different ways. However, the most common occurs when a telemarketer calls a household claiming to be promoting a new credit card with substantial benefits. However, the telemarketer wants to verify your account by getting the account number on your checking account. This practice leads many individuals to give up their account numbers in the hope of winning a prize. What Steps Can I Take to Correct a Scam? When telemarketers have initiated a scam against your checking account there are a variety of steps that a person can take. These include: • Contacting your bank immediately. This will enable the bank to immediately stop all pending withdrawals on your account to prevent further damage. • Contact the local consumer protection agency. This will help to prevent future victims from falling into the same trap. How Can I Protect Myself from a Scam? Because telemarketers are very good speakers and are able to convince many competent individuals, the
