Seniors often need work done on their homes, but frequently are not aware of the legitimate costs of these jobs. As a result, con artists often target seniors in home renovation frauds.
Senior citizens are often targeted by con artists and fraudsters and the reasons for this include:
• Seniors often live alone.
• Seniors often have more disposable income.
• Seniors are generally more trusting than younger people.
General Tips to Prevent Fraud Against Seniors
- Do not rush into agreements dealing with your money or property. Take time to think it over, read the fine print and discuss the matter with a family member or friend.
- Ask questions and check references.
- Always get a written estimate and compare it to other estimates from known reputable businesses. The Better Business Bureau can offer assistance in determining if you are dealing with a reputable business.
- Be wary of something-for-nothing or get-rich-quick offers.
- Do not sign a contract until it has been reviewed by someone trustworthy.
- Never turn over large amounts of cash to anyone regardless of how appealing the offer may sound.
- Report suspicious offers to the police immediately. In Kitchener, Waterloo, Cambridge, please call (519) 653-7700. All other areas may call (519) 570-3000. Attempt to record particulars of the suspect, such as appearance, company name and vehicle description and license plate.
- Never give out banking, credit card or personal information over the phone unless you are certain you are dealing with a reputable organization.
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