Ideally, as you become older, you're able to build enough of a savings account so that you can retire comfortably. During your life, you may start a family as well, meaning that you'll have numerous individuals to be responsible for. It's this feeling of empathy that makes many people the victim of grandparent scams. For those that would like to learn more about these, here is some information provided by Robert Jain.
If you don't know what a grandparent scam is - and reputable names such as Bob Jain can expand on this - it's when a grandparent receives a phone call from someone claiming to be a grandson or granddaughter. This individual will tell them that they need money due to a sudden emergency. The grandparent will then wire or send the money over in some other way. This is a common form of fraud and the fact that it targets unsuspecting people makes it all the more worrisome.
Grandparent scams, as serious as they are, can be prevented if you know what to do. You can get in touch with other family members, telling them that you've been contacted by a grandchild. Depending on how well they know the relative in question, they will either confirm their story or refute what you've been told. Regardless of what they say, speaking to your family before sending money is a smart course of action.
Did you also know that grandparent scams usually require the one being targeted to wire money over? You may not think that this is strange, but consider that there have been other methods that have developed over time. In fact, you're likely to meet more people that use PayPal over wire transfers. If this method is what they insist on, more than anything else, it's fair to approach the situation with caution.
Finally, if you're going to protect yourself from grandparent scams as much as possible, ensure that your experience on the Internet is secure. When you're online, you should have software that blocks viruses, trojans, and the like. A firewall should also be set up, though most computers have these implemented from the get-go. If you're not familiar with technology in general, ask a family member that understands it to help you out.
If you don't know what a grandparent scam is - and reputable names such as Bob Jain can expand on this - it's when a grandparent receives a phone call from someone claiming to be a grandson or granddaughter. This individual will tell them that they need money due to a sudden emergency. The grandparent will then wire or send the money over in some other way. This is a common form of fraud and the fact that it targets unsuspecting people makes it all the more worrisome.
Grandparent scams, as serious as they are, can be prevented if you know what to do. You can get in touch with other family members, telling them that you've been contacted by a grandchild. Depending on how well they know the relative in question, they will either confirm their story or refute what you've been told. Regardless of what they say, speaking to your family before sending money is a smart course of action.
Did you also know that grandparent scams usually require the one being targeted to wire money over? You may not think that this is strange, but consider that there have been other methods that have developed over time. In fact, you're likely to meet more people that use PayPal over wire transfers. If this method is what they insist on, more than anything else, it's fair to approach the situation with caution.
Finally, if you're going to protect yourself from grandparent scams as much as possible, ensure that your experience on the Internet is secure. When you're online, you should have software that blocks viruses, trojans, and the like. A firewall should also be set up, though most computers have these implemented from the get-go. If you're not familiar with technology in general, ask a family member that understands it to help you out.
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For further information about grandparent scams and other financial topics, kindly get in touch with Bobby Jain today.. This article, Robert Jain: What Are Grandparent Scams? has free reprint rights.
