Previous | What does the federal payroll tax deferral mean to you? Next | Stock Splits 101
October 15, 2020 / Ray Wills
Three ways to protect yourself from stimulus scams

Three ways to protect yourself from stimulus scams

The Federal Trade Commission (FTC) is cautioning Americans to be mindful of various schemes targeting Economic Impact Payments, also known as stimulus checks. Here are a few things you can do to protect yourself if Congress passes a second stimulus package:

male looking at big fraudulent checkDon’t pay to receive your stimulus payment.
If there’s another stimulus payment, it will look a lot like the first one. No one will call you and request your social security, bank account or credit card number. And those who qualify will receive their payment via direct deposit or paper check, just like before. You will never have to pay to receive your Economic Impact Payment.

Don’t pay for job opportunities.
Scammers know that millions of people need jobs, and they’ll be happy to charge you for what winds up being nothing. Scammers also pay for online ads, promising you ways to earn money online. But do your research before you sign up—and certainly before you pay.

Never pay up front for mortgage assistance.
According to the FTC, it’s actually illegal for companies to charge you before they assist you with your mortgage. Unfortunately, that doesn’t keep scammers from trying. If you find yourself behind on your mortgage, contact your mortgage servicer as soon as possible to discuss your options. Whether you rent or own, consult a legal services organization if you believe you’re facing foreclosure or eviction.

If you encounter any of these scams, immediately report them to the FTC here.

Ray Wills is the security officer at F&M Trust

Recent Articles
Read this before investing in an IPO
Read this before investing in an IPO

Read this before investing in an IPO

January 26, 2021 / Warren Hurt

Investor Alert: Cheesecake Factory settles with SEC
Investor Alert: Cheesecake Factory settles with SEC

Investor Alert: Cheesecake Factory settles with SEC

January 23, 2021 / Shelby White

The perfect storm for estate planning
The perfect storm for estate planning

The perfect storm for estate planning

January 21, 2021 / The Merrill Anderson Company

Four tips to getting approved for a credit card
Four tips to getting approved for a credit card

Four tips to getting approved for a credit card

December 16, 2020 / Cynthia Marconi

Five Reasons for a Trust
Five Reasons for a Trust

Five Reasons for a Trust

December 16, 2020 / The Merrill Anderson Company

Planned giving in 2020
Planned giving in 2020

Planned giving in 2020

December 07, 2020 / The Merrill Anderson Company

Stock Splits 101
Stock Splits 101

Stock Splits 101

November 18, 2020 / Warren Hurt

What does the federal payroll tax deferral mean to you?
What does the federal payroll tax deferral mean to you?

What does the federal payroll tax deferral mean to you?

October 06, 2020 / Shelby White

Interest Rates 101
Interest Rates 101

Interest Rates 101

September 24, 2020 / David Bimler

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.