bw miller dean is leading business accountant wellington, new zealand

Know 8 Ways how to Avoid Financial Frauds That Target

Seniors?www.bwmillerdean.co.nz

http://bwmillerdean.co.nz/

Each year, millions of seniors fall victim to financial frauds and other scams. Certain tips are useful for seniors and their family members and the tips help them protect against financial frauds.

If you are a business person, you can avoid financial frauds by taking the help of a business accountant.

www.bwmillerdean.co.nz


The best Business Accountants in Wellington can offer you services which are truly very valuable and cost effective.



1. The Risks Don’t Come from Only Strangers

It has been seen that over ninety percent of abuse to the elderly is done by the older person’s own family.



2. Give All Solicitors the Same Answer

Generally, it’s wise to never donate to somewhere that requires you to write down your information regarding credit card.



3. Stay Involved Locally

When they choose to go out alone, these seniors may become victimized through muggings and purse snatchings.

Today, many community centres and even family members help the elderly person to stay alert and active.



4. Never Give Personal Information Out Over the Phone

Some seniors may experience false debt collection attempts over the phone, and these bank collection complaints need to be taken to the authorities.



5. Register yourself in the “Do Not Call List” and Remove Yourself from Mailing Lists

Visit the government’s Do Not Call List signup to stop telemarketers from contacting you. Check your mail regularly, and do not let anything sit in the mailbox for too long.



6. Shred Receipts

Invest in using a paper shredder to protect yourself from identity theft. Regularly check your bank statements and do not ever give out personal information over the phone to someone.



7. Choose Direct Deposit Over Checks

When you use direct deposit rather than a check, scammers will not get a chance to steal checks from the mailbox. A direct deposit ensures that the money goes straight into the bank account.


8. Stay Skeptical

Before signing anything, it becomes very important to read all contracts or purchasing agreements. Try not to feel pressure while making a purchase as these decisions are only yours.


Types of Scams:


1. Medicare or health insurance scams

In these types of scams, perpetrators pose as a Medicare representative and they target older people to provide them their personal information.


2. Funeral & cemetery scams

In one approach, scammers read obituaries, call or attend the funeral service of a complete stranger to take benefit of the grieving widow or widower.

Claiming the deceased had an outstanding debt with them; scammers may try to extort money from the relatives to resolve the fake debts.


3. Internet fraud

While using the Internet is a great skill at any age, the slower speed of adoption among some older people makes them easier targets for automated Internet scams.


4. Sweepstakes & lottery scams

Here, scammers inform people that they have won a lottery or sweepstakes of some kind and need to make some sort of payment to unlock the supposed prize.


5. Fraudulent anti-aging products

Today, many older Americans look for new treatments and medications to maintain a youthful appearance thereby put them at risk of scammers.


B.W. Miller Dean is one of the most reputed Business Accountants in Wellington.

As Chartered Accountants in Wellington, we’re experts at taking care of your accounts and tax returns throughout the year.


Contact Us


Address: BW Miller Dean LtdLevel 5, 203-209 Willis Street, Wellington 6142, New Zealand

PO Box 11-253, Wellington 6142Phone: +64 (0)4 910 3340

Thanks


bw miller dean is leading business accountant wellington, new zealand

Small Business & Entrepreneurship