Unfortunately, we are getting used to scam calls and emails, and financial fraud often targets senior citizens. But now we have to be on the watch for scam texts. It’s estimated that when scammed, the average amount a person loses is $1,000.00. That’s a lot of money to throw away, especially if you’re on a strict budget. Technology and scammers frequently change their working methods, but financial text scams aimed at seniors are here to stay.
It can make your day to receive a text message from a loved one. That’s why text scammers target your emotions to have you give up your personal or financial information. They can sometimes try to scare you, plead with you, or offer you an incentive – don’t believe them.
Do not reply to these common financial text scams:
These are some common financial text scams, and there are many more out there.
The best way to handle a text scam is to DO NOTHING. Do not answer the text, not even when you want to tell them to stop. When you reply, this means the scammer that they have a legitimate and working telephone number. Their next step is to sell your number to even more scammers.
NEVER give your personal or financial information on a text or from a link received from a text. The best thing to do is ignore these scams and move on with your day.
Talk to an elder law attorney if you have a vulnerable family member who you think is susceptible to financial text scams.
Are you worried someone you care about may have been scammed and needs safeguards? Call us to schedule a consultation with the experienced elder law attorney at Estate and Probate Legal Group. Call us at 630-864-5835.
AREAS WE SERVE: Cook, DuPage, Kane, Lake and Will counties.