Anatomy of a Scam – How Easily You Can Get Suckered

Here is a great story that lays out how shady telemarketers can convince you to jump into any scam. In my world it is usually some B.S. debt relief effort.

Today the most prevailing debt relief product some scammers are pushing is student loan assistance for federal loans. But it is a moving target. In the past the scam of the day was tax relief, debt settlement, credit counseling, debt validation, second mortgages, credit repair, etc.

When people call someone who is selling a specific widget, there should be no surprise that the product they are selling is going to be pushed as perfect for you.

I’ve published debt relief telemarketing scripts, like this one, and secret calls, like this one, that just show, over and over, how people are told information that is just flat out inaccurate in order to make the sale.

From helping people with debt problems since 1994, I’ve learned a lot about how easy it is to avoid getting scammed. I even wrote “How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off,” that you can use to make sure you know who you are dealing with.

If you’d like to learn more about the anatomy of a scam, this NPR story is a great one to listen to.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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