- Your bank will never email or call you for your account number. Talk to your teen about not giving out their account numbers, PIN's or their social security number.
- Don't wire money to people you don't know. With the growing social networks and online shopping, teens have to beware of all scams that can involve wire transfers.
- Check out the company with the Better Business Bureau. Although there may be many businesses that are not members, you can do a simply Internet Search to detect if there are any valid issues against a business.
- There are no legitimate jobs that involve reshipping items or financial instruments from you home.
- Foreign lotteries are illegal in teh U.S. You can't win money no matter what they say to you.
- Check your monthly bank statements and credit card statements for charges you don't recognize.
- Order a copy of your credit report from each of the three national credit bureaus once a year from annualcreditreport.com.
The FTC, the nation's consumer protection agency, works hard to prevent fraud and to provide information to help consumers spot, stop and avoid it. To file a complaint or get free information on consumer issues, visit ftc.gov or call toll-free 1-877-FTC-HELP.
Be an educated parent and pass it on to your teen!