FROM THE EDITOR'S PEN /
For thousands of years, Caveat Emptor
has been the battle cry of all who entered the
marketplace looking for goods and services and hoping for
fair deals and good services. Unfortunately, this age old
phrase meaning “Let
the Buyer Beware" needs a 21st century update to
Caveat Caregiver or “Let the Caregiver
Beware”. These days, so many scam artists and plots abound
to trip up our elderly loved ones or even ourselves that it
is hard to keep ahead of the latest trap. And, although the
internet makes many things in our lives easier, our security
is not one of them. So many times our loved ones are too
ashamed to tell us that they have become the victim of a
scam and his or her silence only serves to makes the
situation worse. Remember that it is important to create an
environment where your loved ones can feel comfortable about
telling you what is happening with their finances without
rebuke or scorn.
Some other Caveat Caregiver
Legitimate companies don't pressure
people to act without time to look into the deal.
Legitimate companies are glad to send
information about what they're offering by phone.
Legitimate companies don't ask for cash,
but con artists do because they often have trouble getting
merchant approval from the credit card companies, and they
also want to be hard to trace.
Legitimate companies don't ask for your
Social Security number unless you are applying for credit
and they need to check your credit report.
Legitimate companies only ask for
financial information to bill you or debit your account for
purchases you've agreed to make. Never give up your credit
card number, bank account number, or other financial
information when you aren't buying anything or paying with
Legitimate companies will take "no" for
an answer and will take you off their calling lists if you
ask. Visit the National Do Not Call Registry to register
your phone number. If you get repeat calls, file a complaint
with the registry.
Legitimate lenders and credit card
issuers do not demand payment in advance, and no one can get
bad information removed from a credit file if it is
accurate, no matter how much you pay them.
Identity theft is on the rise, if you
feel that you have been a victim of identity theft follow
the advice offered by the FTC:
You may also want to follow another age
old piece of advice “Trust, but Verify”.
your own Caveat Caregiver scam advice.