Phone scams come in many forms, but are all equal in the danger they pose as identity theft scams to you.
In the United States, telemarketing fraud has become a multi-billion dollar business.
Con artists bilk consumers out of small amounts of money to the extent of their life savings.
We can all become victims of this horrible crime.
Everyone is susceptible; it doesn’t matter what your age, education, background, income or race.
See how vulnerable you are by taking the scam check quiz.
This can also lead to them being unaware of all the ways they can be scammed out of their hard-earned money.
The telemarketer will become more of a “friend”.
In this way, he is able to con the victim into purchasing anything he’s selling.
Many victims I know have not only lost their life savings, but their homes as well. These people are heartless!
For another scam that affects absolutely everyone, see medical identity theft.
This Is A "Must Read". If you have one of the new smart phones that are now so popular, Beware!!!
This is a Hi-Tech scam that has increased at an alarming rate in the last few years and is expected to gain even more momentum.
There are more than 370,000 smart phones in use.
This includes iPhones, Blackberry's, Androids and all others that accept apps and have processing power that is ample.
The scammer's targeting these are on the increase, ready to make you a victim of identity theft, and steal all your personal information.
Someone calls stating they are a bank employee and looking into why correspondence they mailed out has been returned to them.
This person asks all kinds of questions that, hopefully, give him your personal information such as your bank account numbers and credit card numbers, just to name a few.
This person will then impersonate You when they call your phone line to make sure your line has call forwarding.
The thief will now pretend they are an employee with the telephone company.
They want to perform maintenance for an hour or so, and ask you to leave your phone off the hook or not to answer for the specified amount of time.
The thief now knows you will not answer your phone, so he dials codes that will forward all your incoming calls to a phone the thief controls.
This is now the perfect setup for the thief to charge fraudulent purchases on your credit cards or transfer money right out of your account.
These identity theft scams are perfect for the thieves.
Guess What? The reason your calls have been forwarded to him is so he can receive all the verification calls.
The thief can not only wipe you out in minutes, but your life has just become a nightmare, all because of phone scams.
Become knowledgeable and don't let this happen to you.
Go to charity scams to see another popular way to scam people.
A huge number of identity theft scams are done by phone, and this is another example;
You receive a call from someone claiming they are looking into fraudulent charges on your credit card.
This person also claims they work for the credit card company’s fraud division.
They give you some bogus company name you’ve never heard of, and certainly haven’t purchased anything from.
They want your card number, name as it appears on your card and the card’s expiration date.
Never! Under no circumstances, give any of your personal information over the phone to someone who has called you.
Tell this person you will call the credit card company yourself, and immediately hang up the phone.
Do Not ask these people for a call-back number. Use the number on your credit card statement and call to verify if there is an investigation going on.
I received this heads up about one of these phone scams from a friend.
Luckily, the person was suspicious and refused.
Upon contacting the telephone company, he was informed that by pressing 90#, you give the requesting individual full access to your telephone line, whaich enables them to place long distance calls billed to your home phone number.
The person was further informed that these identity theft phone scams have been originating from many local jails/prisons.
Do Not Press 90# For Anyone!
As you can see, there are numerous phone scams making the rounds. I have listed a few of the most popular. One way you can protect yourself is to become educated in all the possible ways of identity theft.