How Do Telemarketing Scams Work?

Phony telemarketers have many different scams. One of the most common is the bogus vacation offer.

Someone calls and says that you have won a vacation. However, to claim your prize, you are told you have to pay a processing fee. Or you may be told that you have to enter into a timeshare agreement.

If you have not requested information or entered a contest, be very careful. The caller may be asking for a processing fee in order to get your personal banking information or they simply want the processing fee and have no intention of providing you with the vacation.

Do not give out personal information such as credit card numbers or bank account numbers. Thieves can use your personal information to steal your identity.

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