Scammers are getting more creative, and the latest threat has Michigan residents on high alert. The Better Business Bureau (BBB) has issued a warning about a new phone loan scam targeting people across the state. This scam may sound harmless at first, but it’s designed to steal your personal information and even your money.
What’s Happening?
People in Michigan are getting phone calls from unrecognized numbers. When they pick up, they hear a message saying that the caller needs more information to complete a loan process. The message sounds official and convincing. It might even mention things like completing a loan application or needing your Social Security number or banking details to finish the process.
But here’s the trick – this isn’t a real loan application. It’s a scam. These criminals are trying to steal your personal information to use it for fraud or identity theft.
The BBB has received numerous reports of these scam phone calls. And the scary part? The scammers aren’t just targeting people in Michigan, they’ve been reported all over the United States. They are using phone numbers from public records or old data leaks to make it seem like their call is legitimate.
How to Protect Yourself
The most important thing to remember is: don’t call back. If you receive a call like this, hang up. Scammers leave voicemails with their contact information hoping you’ll call back. Don’t fall for it.
Here are some additional tips from the BBB on how to stay safe:
- Watch Your Bank Accounts
Regularly check your accounts for any unexpected charges or withdrawals. Early detection can help you take action before things get worse. - Check Your Credit Report
The BBB recommends that you check your credit report regularly. You can do this for free at AnnualCreditReport.com. Keeping track of your credit history will help you spot any unusual activity. - Shred Personal Documents
When you throw away sensitive documents, make sure to shred them. This includes old bills, bank statements, and any paperwork that has personal information. - Enable Two-Factor Authentication
Use two-factor authentication on your financial accounts. This adds an extra layer of protection to your accounts. - Be Careful What You Share
Never share sensitive information like your Social Security number or banking details with someone you don’t trust, especially if they contacted you first. If you didn’t ask for a loan, don’t give any details over the phone.
The BBB’s Advice on Avoiding Scams
The BBB also shared some general advice to help people avoid falling victim to scams. Here are some simple steps you can take:
- Be Careful with Unsolicited Calls
If you didn’t ask for the loan or offer, don’t give away any personal information. Even if the person on the other end sounds polite, they could be after your details. - Don’t Feel Pressured
Scammers often create a sense of urgency. They’ll tell you that you need to act fast to get the loan or deal. If someone pressures you, take a step back and think it over before you make any decisions. - Secure Your Online Accounts
Update your passwords and make sure your social media profiles are private. Scammers often get information from your online accounts to try to trick you. - Don’t Use Non-traditional Payment Methods
Scammers often ask for wire transfers or gift cards, which are nearly impossible to trace. If someone asks you to pay this way, it’s likely a scam.
What Should You Do If You’ve Already Given Information?
If you’ve already provided your personal information to a scammer, take immediate action:
- Contact Your Bank
Alert your bank and credit card companies about the potential fraud. They can monitor your accounts and take necessary steps to protect you. - Report the Scam
You can report the scam to the BBB’s Scam Tracker or contact the Federal Trade Commission (FTC). The more information they have, the better they can warn others and track down the scammers. - Monitor Your Credit
Make sure to regularly check your credit score and report any suspicious activity immediately.
Conclusion
Scams are a reality in today’s world, but being informed and prepared can help you stay safe. The key to avoiding scams is vigilance. Don’t fall for high-pressure tactics, and always verify who you’re dealing with. If you ever feel unsure about a call or email, take a moment to do some research before taking any action.
Remember, no legitimate company will ever ask for your personal information over the phone without a reason. Stay cautious, and protect yourself from falling victim to these dangerous schemes.
(Source : wrkr.com)
