Phone scams geared toward the elderly are nothing new, with an astonishing $36 billion lost each year to financial abuse. Con artists are always doing their best to create new scams to swindle money. Older adults specifically are constant targets of con artists, for a number of reasons.
Check out the latest phone scam to be on the lookout for:
The latest senior con circulating is difficult for most to detect until it’s too late. The company Utility Savings Expert that claim to cut seniors’ utility, phone, cable, and other regular bills in half. They request seniors to share account information from the bill they’d prefer to reduce. They actually pay off the balance in full, with the understanding that the senior will reimburse half of the cost by wire transfer only – no checks or bank cards accepted. After the older adult’s funds have already been received, the organization reverses the charge to the phone or utility company, making the senior liable once more for the full amount – and the additional 50% they’ve paid to the scammers.
So, how do you protect your older family members from falling prey to very believable scams? Make sure your loved one never takes part in dealing with an unfamiliar business; another red flag occurs when a business asks for a wire transfer as payment. Screen calls and only answering known and trustworthy callers. Hang up immediately on anyone who calls asking for personal or financial information.
Providers of the home care Charlotte, NC families can trust, Comprehensive Home Care can alleviate senior loneliness and reduce the chance of a senior scam with our professional home care companionship and caregiving assistance. Call us at 704-333-5214 or contact us online for more information on how our Charlotte home services are able to keep your senior family members secure and safe.
Now that you are informed and can prevent your loved one from falling prey to phone scams, check out Tips on Recognizing the Signs of Elder Abuse to prevent another risk your senior loved one’s face.