Here are some of the latest and most popular scams to look out for:
Xfinity Phishing Scheme
Xfinity customers are receiving emails that appear to be from the cable company suggesting a recent payment wasn't processed and request an info update via attachment. Legitimate companies never make an info update request through this method, so please delete any emails you see like this. Full article here
The Gift Card Scam
Scammers are stealing card numbers from gift cards before they are purchased and draining them of available funds immediately after activation. It is not clear if these thieves are using scanners or simply writing the card number down, but this scheme is quickly growing in popularity as the holiday season approaches. The best way to avoid this scam is to order gift cards through company websites. Full article here
The Paris Attack Recovery Scam
Whenever a major natural disaster or terrorist attack occurs, scammers always jump on the opportunity to take advantage of people that want to help. Avoiding falling for these scams by ensuring the organization is legit and well established. Do your research before giving any money to any cause. Full article here
It's that time of the year again. We are just a little more than one week away from the annual spending fest known as Black Friday. Retailers are once again posting their top clearance sales and extended store hours to create a two-three day annual increase in sales. The calls to protest or boycott this consumption festival have also returned in response to growing concerns over racial and income inequality. While the boycotts and shopping are widely recognized Black Friday traditions, there's something else that continually accompanies the biggest shopping day of the year, post Black Friday buyers remorse.
What is post Black Friday buyers remorse? It's the purchasing regret shoppers feel days and months after they've stood in long lines or surfed the web to take advantage of one-time discounts. While this feeling is unlikely to accompany all Black Friday purchases, there are always some that will bring on this slightly depressive state. If you're interested in avoiding Black Friday buyers remorse, here's a list of the purchases to steer clear of:
1. Outdated tech items: Every year there are Black Friday Doorbuster sales on televisions and laptops. While some of these sales are truly great savings opportunities, many are not. The difference between the two can typically be found in the spec descriptions of each item. Avoid all electronics that meet the following criteria:
The product is no longer being produced or discontinued
There are reported defects
The product is not compatible with newer software (last five to seven years)
The product can't be repaired or restored
There's not at least a twelve month warranty option
Tablets that have less than 1GB of RAM (this really should be 2GB for regular usage)
Laptops that have less than 6GB of RAM
Cameras with less megapixels than your standard smartphone
DVD's (if you're not going all digital by now you really need to start)
2. Exercise Equipment: If your not committed to getting in better shape, exercise equipment will be useless and just take up space in your home. It's often cheaper to join a local gym or run around the neighborhood with a workout partner. This equipment will also be a wasted purchase if your not going to change your diet.
3.Large household appliances that are not energy efficient: Newer refrigerators, ovens, dishwashers, clothes dryers, washing machines, and most other large appliances use less energy than older models. If you need to upgrade these appliances, do yourself a favor an make sure they are energy efficient. Doing so will save you thousands in home energy costs per year.
4.Tools: Studies have shown that there are more discounts available for tools in December than in November. Spending more than you have to always creates buyers remorse.
5. Outdoor winter gear: These items typically have deeper discounts in January. If you live in a region where temperatures don't dip below freezing until mid-late winter, save your money and wait until after the holiday season for bigger discounts.
While this list does include some of the most common purchases that cause buyers remorse, we realize there are plenty that could be added to it. What would you add to the list?