Preventing Financial Fraud

Fraud can happen by phone, mail, the internet, and even in person. Elders are a target for finacial fraud because they are retired and spend more time In their homes. Here are some tips to help you avoid being a victim of fraud.

Tip #1

Shred all personal information, and documents that have your account numbers on them. Check your bank statements and bank accounts frequently.

Tip #2

Sign up for the “Do Not Call List” this will stop telemarketers from contacting you.

Tip #3

If you receive benefit checks sign up for direct deposit so thieves can't go through your mailbox and steal your check.

Tip #4

Never give anyone your account numbers, social security card number, or medical number, even if they say they need it.

Tip #5

Never prepay anyone who comes to your door claiming they do repairs for cheap. They usually will not complete the tasks and just take your money.

Tip #6

Be cautious when someone contacts you by phone or mail saying you have won a large prize and they need your account number to deposit the check in to your account. This is a known scam.

How to Detect Elder Abuse

As seniors age they become more dependent on others for care, but they also become more vulnerable to abuse and neglect. Elder abuse can happen when you least expect it.
There are 6 types of abuse. Abandonment, emotional abuse, financial abuse, neglect, physical and sexual abuse. Here are the most common signs of elder abuse.

  • Unexpected or unexplained bruises, cuts, and abrasions.
  • Bedsores, poor hygiene, or rapid weight loss.
  • Witnessing someone be verbally abusive to another.
  • Sudden social withdraws and depression.

If you suspect your loved one or anyone is getting abused you should look further into their well being. If that person is in immediate danger call 9-1-1.
Otherwise call The National Violence Hotline they are open 24 hours a day 7 days a week and can be reached at:
1(800) 799-SAFE