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How to Recognize Phone Scams

It is crucial to be able to recognize phone scams, as they may pose a real threat to your savings. Money is what scammers are after, using phone calls to present various alarming scenarios and scare people so they can pay up.

It is worth learning how to recognize phone scams, so you can stay on the safe side:

If something sounds too good to be true, then it probably is. Whatever offer or proposal you’re receiving over the phone, it is always a good idea to give yourself time, instead of accepting it on the spot. Even if the phone call sounds alarming, calm down and avoid making hasty decisions.

Write information down so you can check it once the phone call is over. This will unravel any suspicions regarding the call.

Are you dealing with an insistent person? Then just hang up. You have the power to end the call whenever you want. Bear in mind that even the caller’s ID can be manipulated so that it looks genuine. If a call seems suspicious, then it probably is. Consider blocking a phone number or labeling it, if it is insistent or you discover it is a scam.

You can access DoNotCall.gov to report a phone scam. Here you can introduce the number that called you or the number you’ve been asked to call, to make payments or any other kind of request. These forms help identify illegal phone calls.