Chat with us, powered by LiveChat

Uh oh! Fraud!

So you think you might’ve stumbled on some shady business, huh? That don’t sound good. Maybe you ordered something online and it never showed up, or someone called asking for money in a weird way. Whatever it is, fraud sucks and can hurt bad if you don’t catch it early.

Let’s talk what to do if you spot potential fraud heading your way. This stuff happens more than you’d think, so don’t feel bad! Just get ready to protect yourself.

- -

Trust your gut

If something seems fishy, it probably is. Our instincts pick up on little clues that our brain doesn’t always register. So if a deal looks too good to be true, or someone’s story don’t add up, listen to that little voice in your head telling you something ain’t right.

Your gut has your back! Don’t ignore it just cause you want something to be legit. Be extra careful with:

  • Free trials that are hard to cancel
  • “Limited time” offers trying to rush you
  • People asking for unusual payments like gift cards or crypto
  • Texts or emails with weird grammar/spelling mistakes

Collect the details

If you do get targeted, start gathering evidence. Save emails and screen shots, write down phone conversation details, keep records of payments or account numbers used. Times, dates, names, titles – document it all.

This stuff can help investigators track the baddies down and give you the best shot at getting money back. Make a timeline to stay organized. You’ll thank me later!

Lock it down

Next priority is containing the damage. If it involves your financial accounts, log in and change your password stat. Call your credit card company to freeze the card if needed.

If it’s identity theft related, put a fraud alert on your credit reports so no one can open new accounts. Freeze your reports too for extra protection. And file your taxes early before a scammer tries to.

Call in reinforcements

You don’t have to handle this alone! Now it’s time to report the fraud to get help making things right:

  • Contact your bank and credit card companies if money was taken from your accounts fraudulently. They can dispute the charges.
  • Report to the FTC at The FTC investigates shady business practices.
  • File a report with your local police department too. They can help catch local scammers or refer cases to proper authorities.

The more places you report fraud, the better the chances of getting resolution! Just be patient, investigations take awhile.

Dispute debts

If an identity thief opens accounts in your name, don’t pay those debts! Dispute them in writing to the credit bureaus. Make the merchant prove you really owe it. This is key to clearing your name.

Send dispute letters through certified mail so you have delivery confirmation. And keep disputing monthly til it’s removed! Persistence pays off.

Monitor everything

Now is high alert time. Carefully monitor bank and credit card statements, watch for any suspicious activity. Check your credit reports regularly too – gives free weekly reports.

If you do catch a whiff of new fraud, repeat the reporting steps. And sign up for fraud alerts to add an extra heads up when accounts open in your name.

Learn from this

I know fraud plain out stinks. But try looking at the bright side – now you’ll be extra prepared to stop it next time!

Take some precautions to lower future risk:

  • Only shop on secure sites that encrypt data
  • Watch out for phishing emails and texts
  • Shred financial documents before tossing
  • Use complex passwords on all accounts

And listen to those gut checks telling you when something seems sketch. You got this!

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
How to Lower Your Monthly Auto Loan Payment

How to Lower Your Monthly Auto Loan Payment A high…

Boston Merchant Cash Advance Attorney

Boston Merchant Cash Advance Attorney Getting a merchant cash advance…

How To Get Out Of A Merchant Cash Advance – MCA Debt Relief

How to Get Out of a Merchant Cash Advance So…

Getting Free Help with Your Student Loans is Incredibly Easy

Getting Free Help with Your Student Loans is Incredibly Easy…

6 Signs Your Future Spouse Is Bad With Money

  6 Signs Your Future Spouse Is Bad With Money…

Delancey Street simply gets it. You're talking to experts.
Steven Norris
Get Help Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Schedule Consultation