Guest Blogger Jamie Finch tells us how to avoid Financial Fraud
In an ideal world we would all get on just great with each other and nobody would commit a single bad act against anybody else. Unfortunately however this is not a perfect world and there are plenty of people out there that would be happy to carry out nefarious deeds for their own personal gain, and one of these nefarious deeds is fraud. To protect yourself against bad deeds, it can be useful to know just how somebody may be able to commit fraud against you.
One of the most common ways that you may fall prey to fraud is through theft. This kind of fraud might happen when your credit card or some form of ID is stolen. With a credit card or ID a person could potentially make purchases against your own accounts leaving you presented with a bill for something that you never purchased. Should you find that your credit card, ID or any other personal details are missing you should report them as lost or stolen immediately to prevent the possibility of fraud against you. All it takes to report them as lost and have them cancelled is a phone call and doing so could save you a great deal of hassle and expense.
Identity theft is where people manage to gain access your personal details by pretending to be you. They might be able to work out your passwords, for example, giving them freedom to poke around your various accounts at will. Or maybe they are able to forge documents to make other people believe they are you, allowing them to make purchases in your name. One of the most effective ways at preventing identity theft is to never give anybody your passwords and to make sure your passwords are not easy for anybody to guess. Using your pet’s names and your date of birth as passwords, for example, will make it easy for anybody to access your accounts using little more than guess work.
Sales people have a pretty bad reputation overall as there are many unscrupulous characters out there happy to sell you a chocolate teapot or a watch that only goes up to 11. While it is unfair to brand all salespeople as unscrupulous, it pays to be careful at all times just in case an individual does not have your best interests at heart. Whether you are buying that dream villa in Spain or applying for a loan it is highly advisable to always read the small print and do your homework on the people you are dealing with first. Once you know that you are dealing with a reputable individual or organisation then you will have the peace of mind in knowing they are what they say they are and that you shouldn’t encounter any nasty surprises in the future.
Much of the time when somebody has fallen to unscrupulous practices it is something that could have been avoided if only the victim was more vigilant. Remember to officially report the loss of important items like credit cards or ID straight away, make sure your passwords are safe and do your own homework and you should find that with any luck you will not become the victim of fraud yourself.
Jamie Finch sometimes needs help to fast forward to payday when he runs short of cash toward the end of the month. Whenever he asks for financial help he makes sure he reads the small print so he knows exactly what he is buying.