How to Avoid 7 Money Scams

How to Avoid 7 Money Scams. Even the most careful consumer can become
the victim of a scam. Learn what to look for and avoid being duped
out of your dough. You will need Caution Skepticism Contracts
Paperless rebates Budget Warranties and credit card. Step 1. Beware of travel discount clubs — especially
if there’s an in-person sales pitch. Travel clubs often boast tremendous savings,
but consumers can often get better deals on their own, saving membership fees. Club contracts often contain hidden fees and
gimmicks that work to the disadvantage of the member. Consumers have filed thousands of complaints
about travel clubs with the Better Business Bureau. Step 2. Avoid cellphone replacement insurance unless
you carefully read and understand the contract and find that it suits your needs. Many contracts stipulate that they need send
only a “comparable” phone — which may be a different model that is incompatible with
your accessories or a refurbished phone of questionable quality. Step 3. Be careful of mail-in rebates, which often
feature multiple requirements that must be completed perfectly in order for the consumer
to qualify for the rebate. Shop around for comparable deals before committing
to a mail-in rebate, or commit only to paperless rebates that can be tracked online. Step 4. Don’t be taken in by pet health insurance
offers. Coverage is often limited, loaded with exclusions,
and many don’t even cover vaccinations. If you factor the cost of routine care for
your pet into your budget and reserve an extra few hundred dollars for emergencies, you’ll
likely end up paying less than the insurance policy. Routine care costs for a dog are about $453
a year and about $363 for a cat. Step 5. Consider passing on extended warranty offers. Many companies send notices disguised as legitimate
warranties when the product’s initial warranty hasn’t expired yet. And, even if the extension is legitimate,
it’s often unnecessary — retailers can profit as much as 80 percent on an extended warranty
contract. Step 6. Steer clear of rent-to-own merchandise. The interest rate on rent-to-own products
can add up to well over 100 percent, and you will have been better off buying the merchandise
outright. Plus, if you miss a payment, the merchandise
can be repossessed and you’ll be out the product as well as the money you’ve already paid. Step 7. Don’t get trapped in a “payday loan” cycle. The interest rate on a payday loan can be
as much as 500 percent, so you’re better off taking an advance on a credit card with a
much lower interest rate. If you are taken in by a scam, send a written
complaint to the company, dispute the credit card charges, or take them to court. Did you know In 2008, Bernie Madoff scammed
investors out of $50 billion in a Ponzi scheme.

9 comments on “How to Avoid 7 Money Scams”

  1. Mariah Etten says:

    OR, OR, OR, get neww ideas ya lil fuck.

  2. Diogo says:

    @MrKhody It's you

  3. Farith Pherrorith says:

    Be White Collar Gang for more info…and you will not have a problem about money scams… 😀

  4. shugaze says:

    2:39 its bugsy!!! 

  5. Arthur Withheld says:

    2:50 alright, next Howcast video, how to start a Ponzi scheme.

  6. chunky1x says:

    How to make money scams.

  7. Jitxy says:

    2.40 he had to have drugs for that

  8. Kathy Still says:

    This really works I have proof.
    OneX is a company that's preparing for the transition to silver/gold. And it only takes $5.00 one time to get the ball rollin'!!! Check it out and holla back at me. Thx, klstill

  9. bill miller says:

    Avoid Randy Clouse of Artisan Exteriors in Texas, scam artist.

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