Losing money to telephone scams has become a reality. But whether you lose a few hundred dollars or your entire savings, it can be a painful experience. Fraud report is perhaps the only way to prevent scammers from cheating people of their money. Some may even call you by the first name or make small talk and ask about your personal details. The claim may be that they work for a company that is trusted or may send place or mail ads to convince you to make the call. Check if someone has made a call at random and object if they try to pressurize you about giving up personal information such as credit card number, bank account number or SSN. It is a scam and you need to issue a fraud report to the FTC.  A fraud report may also be made online at fraud detection sites.

  • Indications of a Scam & Need for Fraud Report

Scammers who operate by phone do not give you time to think about the pitch. They just ask you to say yes. But what is cunning is that even if more information is asked for, compliance is projected as only natural by these scammers. Shills may be employed to issue a fake praise to the company. Issue a fraud report once you have identified the same. Check for warning signs such as “special” selection for the offer, free bonus for purchasing products, winning one of “5 valuable prizes” and big money in an overseas lottery. Another sure sign is if the investment is of low risk but provides a higher return than is possible anywhere else.  Check for con men who will try to win your trust and ensure that no additional charges are used as a means of easing money out of your wallet.

  • When You Need to Make a Fraud Report

Register your numbers with the Do Not Call Registry and though this will not stop all unsolicited calls, it will lead to blocking of suspicious numbers. If your number is on the registry and calls are still being received, it is probably from scammers ignoring the notification.

Report fraud to the authorities at once and safeguard your number from these would be scammers. Scammers use fake prizes, services or products as bait. Some might call you while others will use ads, mail or text to call for more details. Fraud is not limited to race, gender, age or nationality. Scams concentrate in groups. Callers may think elderly live alone and consequently target seniors. Report fraud and be clear that the law indicates telemarketers must tell you about the sales call, the name of the seller and the selling before the pitch is made. If information is not forthcoming, refuse politely and hang up.

It’s important to watch out for scammers who use high pressure tactics to hide something. Most legit businesses give you time and written information about the offer before asking for a commitment for the purchase.  Why are they asking for payment? That is something you need to be clear about. Check regarding fees that have to be paid to redeem a prize or a gift. Certain callers may even have access to your billing address before making the call. Law permits telemarketers to call only within a certain time frame. So you need to consider factors such as these before deciding on whether a call is legit or an attempt to con you.