Seven Ways to Avoid Online Scams and Rip-Offs

While some helpful tools are making it easier to avoid scams online, some of us still fall prey to deals that look sweet but turn out sour. The con man, flimflam man, rip-off artist, scammer and cheat have always been with us. The ways of scamming may change, but the intent is the same. They want your money.

Coupon moms and deal seekers may be especially vulnerable because we do find incredible deals from time to time that look too good to be true, but turn out pretty darn fabulous. So how can we avoid scams and rip-offs while still finding incredible bargains and offers? By arming ourselves with knowledge.

Arm Yourself with Knowledge

We're always told that knowledge is power and using our acquired knowledge to avoid scams and rip-offs online is an important way to leverage our collective power. As with safety of any sort, understanding what's going on around you is a major part of protecting yourself. 

The best way to avoid being taking in by a scam is to do the research. Never make a purchase or an investment without checking out the company and the feedback offered by those who have interacted with it. The number one reason we get scammed is because we react on emotion without taking a moment to let our reasoning do a little leg work. That's why sales pitches appeal to your emotions. They sound convincing and compelling, urging us to act first and ask questions later. Don't give in to that temptation. It only takes a little time and effort to check out things for yourself.  

Use Common Sense

Maybe you did win that foreign lottery or that long lost relative left you a fortune, but chances are really good they're not going to notify you by e-mail. Do you remember actually entering that lottery? Never give out personal information if you aren't absolutely certain who's getting it. Don't be afraid to ask questions about any offer, from any company that you didn't sign up with, or if you don't remember initiating the transaction. Never be too busy to find out the truth. 

Don't Click on Just Any Link

While most security software programs can protect you from viruses, no program can protect you from every virus every time. Never click on a link in an unfamiliar message. If it's a legitimate company you can find their website, address and phone number by a search engine check. If it checks out, then the link might be okay.

Check Consumer Web Sites

Several websites exist that can at least give you a heads up about suspicious websites. While the trustworthiness of the Better Business Bureau has come under fire lately, it is still one weapon in your defense arsenal. After checking with BBB, head over to IM Report card where you will find reviews of many websites with offers that sound too good to be true. Sometimes they are worth another look. But more often than not, if you are suspicious, there is a good reason. 

Give to Charity, Not Overhead Costs

There are many wonderful charities out there that are doing a great deal of good, but there also are many that take the money for their "fund raising" efforts and the good cause gets such a small amount that it hardly counts at all. Always check out the charity you wish to support. Ask what percentage goes to the charity and how much to the fund raising company. Maybe you'll want to find a more direct way to get your donation to the charity.

Be Vigilant

Even trusted sources can be ripping you off. Always know what's in your bank accounts. Check often so you avoid overdraft fees. Watch the other bank fees as well. You're "free" checking may not be as free as you think. 

Scams Stink

Generally, if something gives you pause to wonder, it's probably to be avoided. If something smells fishy, it probably is.