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How to avoid coronavirus scams

Scammers are taking advantage of the coronavirus pandemic to steal money from people. During these chaotic times, knowing about possible scams is the first step toward preventing them. Scammers are inventing new schemes as well as repurposing old ones. Be alert as you go about your covid daily lives.

Watch out for multilevel marketing schemes

When I was writing my weekly Helpful Money Tips for You newsletter (see Newsletter heading above to subscribe), I ran across an article by a women who was upset because a new coffee shop in her area turned out to be secret “nutrition club,” a recruiting tool for Herbalife.

Watch out for scams related to your next stimulus payment

It’s started already. The scammers are changing their pitches to include stimulus payments. The call yesterday said, due to the soon to be sent stimulus payments, credit card companies were lowering their interest rate. I could press No. 1 to get more information. What? As usual, I hung up quickly.

It’s National Consumer Protection Week

National Consumer Protection Week is a time to understand your consumer rights and take a look at whether you’re making well-informed decisions about money. Here are some activities and resources offered by the Federal Trade Commission for National Consumer Protection Week or NCPW:

Most consumers still don’t know their rights on funeral costs

Only one-quarter of consumers surveyed know that funeral homes are required to provide price quotes over the phone and an itemized price list at the funeral home. Only 5 percent of consumers are aware that funeral homes are required to accept a casket provided by the bereaved without charging a handling fee.

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