Cryptocurrency scams and advance fee loan scams round up the top three.
In many cases, these fraudsters take the money and skip out on the work. In some cases, they do shoddy work or hike the price after the original agreement, then threaten to walk if the homeowner doesn’t shell out more money.
The median loss is $1,900, nearly triple the $661 median loss in 2021. They also have the highest susceptibility ranking out of the listed scams, meaning a higher percentage of consumers who were exposed fell for the scam and lost money. Say no to cash deals, high-pressure sales tactics, up-front payment requirements and handshake deals. Make sure you have a written contract. Ask for references, and check them. Also confirm that the vendor will get the required permits.Article contentNew to the top 10 list are investment scams , rental scams , and travel/vacation/timeshare scams , said the BBB.
In this scam, scammers offer promising deals, but skip out on delivering the product or service once payment is made. In some cases, scammers send poor quality or counterfeit goods.
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