Another phone call, another scam.
It can sometimes feel like scammers have some kind of competition going to see who can hit you with the most robocalls in a day. In fact, according to Truecaller, scams, and robocalls account for 67% of all phone calls in the U.S. Each American will receive an average of 28 of these calls a month. More than just an annoyance, scam calls cost 56 million Americans a financial loss in 2020.
One of the most common scams pulled off over the phone is the auto warranty scam. Here’s all you need to know about this scam and how to protect yourself from falling victim:
In this ruse, scammers posing as representatives of a car dealer or manufacturer will call to tell you that your auto warranty is about to expire. The scammer will then segue into a pitch for renewing your warranty. During the call, you may be prompted to press a number to stay on the line, and then are asked to provide personal information to continue the process of renewing your warranty. If you follow instructions, you will be playing right into a scam.
It is possible for legitimate auto warranty companies to call you about purchasing or renewing a warranty. Look out for these red flags to help you pick out the authentic calls from the scams:
Follow these tips to keep yourself safe from auto warranty scams and similar ruses:
If you are targeted by a suspected scammer, you can alert the Federal Communications Commission (FCC) at the FCC complaint center. These calls likely violate telemarketing and robocall regulations, and by alerting the FCC, you can help them identify the scammers.
If the call you received involved fraud, you can also file a complaint with the Federal Trade Commission at ftc.gov.
Robocalls are incredibly annoying, but getting scammed is more than just an irritating experience. Follow our tips to protect yourself from auto warranty scams and similar ruses.
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