Scam companies within  the U.S. and across the globe defraud millions of people on a yearly basis. With the progress made in the tech arena, the tactics to scams are also modified. They use the postal mail, phone, email, and the internet to befool you into sending money or passing out personal information.


Here are three things you can do to stop a scam. So, before making a deal with an unknown company, make sure to keep these in mind.

Know who you’re dealing with.

Find your seller’s physical address (not his/her P.O. Box) and phone number. By the grace of technology and the internet, one cannot guess where someone is calling from. Do some research work for the company name and the site, and look for reviews and testimonials. If people report bad experiences, you’ll need to decide if the deal is worth enough risk. After all, a good deal is the one in which you can end one with something you are promised for.

Know that wiring money is similar to sending cash.

Scam artists will insist you to wire money, especially overseas because reversing the transaction or tracing the money in a foreign country is nearly impossible. Don’t wire your cash to strangers, to sellers who importune on wire transfers for defrayal, or to anybody who claims to be a friend or relative in an emergency and asks to keep that request a secret.


Go through your monthly statements.

Scammers steal your account information and then chalk up the charges or commit crimes using your name. Scam merchants charge you for monthly “membership fees” & other goods or services devoid of your authorization. If you see the charges you don’t acknowledge or didn’t okay, contact your card issuer, bank, or other creditors immediately.