Some scams are easy to spot, but others are harder to avoid. Here are some common scams.
You’ve probably heard of lottery scams, where people are told they’ve won a prize, and advance fee fraud scams that promise you a percentage of a large sum in exchange for giving your bank details. And you might wonder who falls for them. Well, almost half of us have been targeted by a scam, and many people who fall for them don’t report them. Here are some scams that it’s worth being aware of.
5 steps to take if you’re a victim of ID theft or ID fraud
If you think you’ve been the victim of ID fraud, who should you contact and what help can you expect?
Every year thousands of people are victims of identity theft or fraud. Estimates vary widely, but it’s reckoned that the UK is a hotspot for identity related theft and crime. But whatever the statistics say, what should you do if you think someone has stolen your personal details (identity theft) or used them to open accounts in your name (identity fraud)?
Bank fraud refunds - will your bank always give you your money back?
Some banks say you have to use a different PIN for card accounts. Can they refuse to refund you if you don't?
Do you have a separate PIN for your credit and debit card accounts? No? You could be breaking your bank’s terms and conditions. Santander and HSBC are two banks that – from January 1st 2013 – will say that customers should have a separate PIN for each credit or debit card, or they won’t be guaranteed a refund in the event of fraud. But can they refuse refunds in this way? Not necessarily, according to the regulator or the Financial Ombudsman Service.