Previous | What does the federal payroll tax deferral mean to you? Next | How you give is as important as what you give
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
How you give is as important as what you give
How you give is as important as what you give

How you give is as important as what you give

September 25, 2023 / Matt Berger

Pay off debt by utilizing your home’s equity
Pay off debt by utilizing your home’s equity

Pay off debt by utilizing your home’s equity

September 18, 2023 / Alicia Beecher and Dave Kuhns

The basics of health saving accounts
The basics of health saving accounts

The basics of health saving accounts

September 11, 2023 / Levi Crouse

How do I open my first account?
How do I open my first account?

How do I open my first account?

September 04, 2023 / Danielle Ritter

How Secure is Social Security?
How Secure is Social Security?

How Secure is Social Security?

August 28, 2023 / Warren Hurt

How do I improve my credit score?
How do I improve my credit score?

How do I improve my credit score?

August 21, 2023 / Courtney Shauf

Don't be the victim of a texting scam
Don't be the victim of a texting scam

Don't be the victim of a texting scam

August 15, 2023 / Ray Wills

The cost of college life
The cost of college life

The cost of college life

August 10, 2023 / Joel Huffer

How to safeguard access to your accounts
How to safeguard access to your accounts

How to safeguard access to your accounts

July 19, 2023 / Jordan Peffer

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.