How to Outsmart the Most Common Money Scams

Perennial CU* favorite has some tips on outsmarting some of the most common money scams.

Financial scams are on the rise, according to the Federal Trade Commission’s annual Sentinel Data Book report.  With the telephone being the most common way for scammers to contact you, the simplest step can be simply hang up the phone.

Even though it’s tax time, it’s very unlikely that the IRS, or any other government department is calling you and demanding money.  If you get a call from any “government agency” demanding payment immediately or else you’ll be taken to jail, hang up and call the FTC, or the agency itself. This is not how the government operates.

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