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Putting the Phone Down: Avoiding Telephone Scams

Make sure that you keep safe by Spotting the Funeral ScamHow you ever been called by someone out of the blue who eventually solicited you for money? You may have very well been a victim of this crime yourself. In either case, you are certainly not alone. According to this article, during the first half of 2014, individuals have been defrauded out of nearly 36 MILLION pounds. To avoid becoming a further statistic, let’s take a look at some quick ways to stop such verbal intruders in their tracks.

Too Good to be True?

Many of the modern scams revolve around someone ringing you that claims to be from your bank. They will then allay your concerns that your “bank” will give you a call back to confirm your details (normally after “suspicious” activity was reported). You receive a call from a viable number, but this is simply a number generated by a computer at the office of the fraudsters. As a result, you may believe that the line is secure; divulging personal information and thereafter placing your entire account at risk.

Caution and Common Sense

There are a few key points to remember. First, your bank NEVER requires you to tell them your PIN or personal account information over the phone. They NEVER make recommendations in terms of an investment or similar “opportunity”. They NEVER come to your home to collect cash and they will not ask you to transfer any money from your account to someone else’s.

Should you wish to make an type of investment or if you choose sound advice, only work with trusted firms like the UK later life planning experts at Compare Funeral Plans UK. While the number of these telephone-borne scams is on the rise, the truth of the matter is that you can save yourself from becoming a victim by following these few, simple steps.

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