Fraud Prevention for Older Adults

• The Queens Chamber of Commerce and Queens Community House invites you to a complimentary seminar on October 19, 2023, at 2:30 pm. Tips for seniors to avoid fraud and keep your savings safe.

BEWARE OF… MONEY SCAMS

Investment Schemes: Always get proper paperwork. Read the contract before making any investments. Consult a trusted source. ƒ Social Security, Medicare, and Healthcare Fraud: Older adults are a target for scams. Never give personal or financial information over the phone, by email, text, or on social media sites. This includes Social Security and Medicare numbers, as well as prescription, insurance, and credit card information.

Mortgage Fraud: Beware of people or companies that claim they can lower your mortgage payments for a fee. Also beware of anyone who promises lifelong care in exchange for your property. When it comes to your home, make sure to talk to a lawyer before you sign anything.

Tax Fraud: Beware of people or companies that claim you are behind on taxes. Also beware of anyone who offers to get your property taxes reduced for a fee.

PREDATORY LENDING Used car loans are a common type of predatory lending. Often, these loans are bad for the borrower. Like other loans, do your research and compare terms and conditions to find the best offer for you.

PREPAID DEBIT CARDS A prepaid debit card may help you stay within budget but beware of hidden fees.