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What is a Scam and What are its Most Common Forms

Services provided by the internet through websites made all of our lives easy. We could conveniently pay our bills, shop our favourite brands, reserve hotel rooms online and we can even land a job online. This is equally true in all places here on earth. Boundaries and other forms of limitations are buried in the past and almost all types of information could be searched and accessed instantaneously. Everything for us is so much easier. 

 Scam

However, this is also true with crime. Our capability to navigate the various online locations could actually become two-side, that is, there still vulnerabilities we associate ourselves into especially when accessing an untrusted website. This is more popularly known as scams.  

Scams are some sort of attack by criminals which necessarily use malicious software that gets essential information such as your name, your credit card numbers, you e-mail accounts and other related data that might be used against us especially when associated in the wrong hands.  

In order to avoid these kinds of malwares and scams, here are the most common scams found on the web and how to avoid encountering it: 

  • Phishing E-mail Scams 

This scam is very much common in messages sent to your email account or social media accounts. These criminals will send you personal messages to these accounts, telling you to provide your login information in various accounts such as credit cards, bank accounts, cloud storage and other important data that could be very valuable to them. Criminals behind this particular kind of scam use a special type of narrative that might persuade you to visit the link controlled by them and send login access to these pages, giving them the important personal details that might be used against the user.  

  • Nigerian Scam 

This is one of the oldest and mostly used scams by criminals in order to trick online citizens. The mechanism of this particular scam is very simple- the criminal will send you some sort of emotional email in letter form in your social media or email accounts which could come from a fake name of a businessman, a wealthy family member or other related personalities, and ask you to give help in retrieving a wealth. In exchange of the small amount you are going to give as a form of help, it will be exchanged by a large sum of money as compensation.  However, this is just the introductory part of the scam as the criminals will ask for more money in the face of transfer costs, additional services and other related lies.  

  • Credit Card Scams 

This scam could easily let you easily fall into the bate, especially when you are someone who is experiencing difficult times in terms of financial aspect. These scams include bank offers that could guarantee you big amount of money that is already approved by a particular bank. It could also be in a form of large sum of loan that is approved by a bank. One could easily fall into this especially when the person really needs money. 

There are actually a lot of scams found on the web such as arbonne scam, and millions of people around the world fall for it. Thus, you need to be extra careful especially when you send money or personal information on the web because anybody could easily become a victim.  

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The Benefits You Get When You Use a Credit Card

When you look on the internet and the many financial books available now, they seem to be all opposed to the use of credit card. Their reason is that if you don’t pay your credits, then your finances will be slowly eaten up by the interest rate of the credit cards. While this is not false, but this only happens, however, when you don’t pay your bills.  

When you have the discipline to purchase only what you need or purchase only those within the range of your income, then a credit card is not harmful. In fact, it can be a very useful financial tool, assisting you in any transactions wherein you need money. To make you consider on using a credit card, here is a list of benefits you get when you use a credit card. 

 Credit Card

  1. It can Help You in Monitoring your Expenses

People say that credit card ruins your budgeting and drives your expenses high, but in reality, credit card helps in your budgeting and managing of your expenses. This is because when you purchase something with your card, it is recorded and you will have a copy of your everything you have purchased on the internet. Compared to using cash, it would be so hard to track your expenses because you would have to collect all of the receipts.  

  1. Rewards

When you always use your credit card, and if you promptly pay it every month, then you get points that you can use to have rewards. Your reward will depend on what credit card you use, some of the rewards can be plane tickets to anywhere you want, and several others more. 

  1. Avoiding Loss and Theft

Another huge advantage of using a credit card is that you are avoiding loss or theft. When you bring cash, there would always be the chance wherein you would lose your wallet or that someone would be tempted to take it away from you; when this happens, your cash is lost forever. On the other hand, when you use credit cards and if you lose it, you can simply deactivate the account, and you would not lose a dime.  

  1. Interest-Free Money

There would be times when there is an item of interest that just costs more than the cash you have. You badly want to purchase this item, and if you wait until tomorrow or the next week, the item would be gone. When you have a credit card, you can have the extra money you don’t have, and it is interest-free (if you pay this amount of money at the end of the month). 

Apply for a Credit Card Now 

These four benefits, monitoring your expenses, rewards, avoiding loss and theft, and having interest-free money, are only some of the many benefits of having a credit card. If you are convinced that having a credit card can do more good than harm, then visit this website to learn how to have one.

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