Home Improvement Scams – Money Clip Minute

Home Improvement Scams – Money Clip Minute


– It’s that time of year
where we head outside and start working on repairs and making those home improvements. But when it comes to
calling in a specialist or some extra help, we
need to be extra vigilant. Why? Well there’s been a spike in fraudsters pretending to be genuine tradesmen. They’re targeting members of the public who are expecting to make a payment for property repairs. The scammers contact the victim’s by email claiming to be a tradesmen
who’s recently completed work at their home. They’re asking for funds to be transferred by a bank transfer. Once payment’s been
arranged, the victim soon realized they’ve been
deceived when the genuine tradesmen requests payment
for their services. So, what can you do to protect yourself? Firstly, check whether the email address is the exact same as
previous correspondence. Make sure the payment details are correct by giving the person who
carried out the work a ring. And be aware that payments
by a bank transfer offer no financial protection. So consider using other methods like a credit card or PayPal. These provide some protection and the possibility of compensation. Fraudsters don’t only come
in the form of tradesmen. You need to be aware of scams whenever you pay an invoice so keep your wits about you. Make sure it’s just the experts receiving your hard-earned cash. That’s all for this week. For more financial news take some advice, don’t forget to subscribe.

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