These scammers will call you and pretend to be a government official or threaten to fine or imprison you.
In other cases, theyll peddle a good-sounding but terrible financial product in commercials during your favorite reruns.
Here are a few you should watch out for.
The key here is that the loan doesnt have a monthly payment.
it’s possible for you to see immediately why banksespecially predatory onestarget these types of loans at seniors.
There are a lot of problems with this key in of loan though.
The bottom line is this: Reverse mortgage ads are designed to be predatory.
Few of themmention important details like interest rates or terms, and thats on purpose.
For more, check outthis piece from the Consumer Financial Protection Bureau.
If it sounds kind of ridiculous, it should.
They always use certified mail.
If the IRS owes you a refund, theyll just send it to youthey wont call.
That means no Ill call you back, or let me get my paperwork.
Of course, you’ve got the option to never call them back either.
Those should be your biggest red flagsif you cant call someone back, its almost always a scam.
A scammer wont stand up to that kind of questioning.
Theyll offer to save you money on your prescriptions, or to send you medical equipment and bill Medicare.
In every case, you pay, get nothing, and they vanish with your money.
Disreputable funeral homes generally come in two types.
In every case, the key here isto prepare in advance.
Talk to your loved ones and double-check you know what they wantand what you wantafter they pass.
That way no one can take advantage of you.
Google the number and see what turns up.
If its a scammer, youll see it pretty quickly in the first few results.
Title photo bypoosan(Shutterstock) andGeralt.
