Lewis County Herald - Serving Hohenwald, Lewis County Tennessee Since 1898

BBB's hot topics for May 2020

 


May is National Military Appreciation month, so beware of scams targeting the military. Watch out for fake charities claiming to raise funds for military organizations, con artists posing as the Veterans Administration, and scammers offering “instant approval” loans with high interest rates and fees.

Don’t fall for a fake text message that promises money. They can come in the form of an economic impact payment, loans for small businesses, or an offer for free money you can get if you are quarantined at home. Hit Delete!

A timely scheme going around involves getting a fake bank text message on your phone suggesting that banks are closing and if you need a loan to "click here." The scammers are phishing for your personal information.

Scammers are flooding inboxes with advertisements or links suggesting you can get a 0% interest mortgage loan. There are no such loans! The mortgage rate you’ll qualify for is based on personal factors, including the size of the loan, the length, your credit score, and how big of a down payment you have.

Pet scammers are exploiting COVID-19. Kittens and puppies are advertised for sale online, but scammers state potential buyers are unable to see them in person due to the coronavirus outbreak. Buyers pay for the pet in advance, then scammers claim they are having shipping issues, due to COVID-19, and a special thermal crate is required to ship the pet, for an additional $1500.

 

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