Learn how to avoid scams on the Internet
Consumer Jungle is a web site devoted to educating people about fraud, scams, and online theft. A common area of scams is where people visit a certain website to purchase an item. When this is done, the website has the credit card information. Look for secure login symbols to make sure that the website you are visiting can be trusted.
Some websites will have you order something online but email you that they do not accept credit cards and ask you to mail cash to them. The cash can not be returned. If you are curious how in how to avoid these scams visit www.consumerjungle.org. The website was created by people who affiliated with someone who had lost money do to online scams.
Follow up:
If you receive emails that talk about money offers and free cash they are 99.9% fraud. Never trust an email from someone you do not know if it is all about money, a product, or service. It is okay to be interested in the service but not if they ask for money and do not have any credibility.
List of Common Online Fraud
Consumer jungle goes beyond just online fraud and talks about the many ways that people can get into financial problems. The front page contains a list of 50 common financial pitfalls. Here is a list of the first ten:
1. Not understanding the negative impact of compound interest
2. Being more concerned about the monthly payment rather than the interest rate
3. Using payday loans
4. Not saving or paying yourself first
5. Buying too soon—when you want something not when you can afford it
6. Not having an emergency savings
7. Forgetting the peripheral costs of insurance, gas, & car maintenance
8. Signing up for cell phone monthly payments and getting stuck in a contract
9. Financing an education on credit cards instead of student loans
10. Becoming addicted to gambling
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01/07/09 07:56:44 pm, 