Watch Out for These Early Signs of Scams

Scammers are becoming more cunning in their attempts to deceive people and steal their money. In the first half of 2023, criminals managed to steal £580 million through fraud, while banks prevented a further £651 million from being stolen. To help you avoid falling victim to scams, a fraud expert from Barclays has shared some early signs to watch out for. If something seems too good to be true, it probably is. Scammers often offer items at significantly lower prices to lure you in. Be cautious of items advertised as ‘limited stock’ or ‘sale ends today’ as these tactics are used to pressure you into making quick decisions. Don’t feel rushed into buying or investing in something. If you have doubts, speak to someone you trust for a second opinion. Barclays also provides tips on how to avoid purchase scams, such as being wary of unlikely offers, doing your due diligence, viewing the item in person if possible, and seeking a second opinion. Remember, it’s important to stay vigilant and protect yourself from scams. By knowing the early signs and taking necessary precautions, you can keep your hard-earned money safe.