Guaranty Federal Bancshares : Protect Yourself and Loved Ones by Knowing How to Avoid a Scam

Here at Guaranty Bank, we’ve seen a sizable uptick in fraud attempts, particularly against older customers. They often fall victim to these crimes by simply trusting too much, so recognizing these common signs of a scam could help you or a loved one avoid falling for one.

Four Signs That It’s a Scam

1. Scammers PRETEND to be from an organization you know.

Scammers often pretend to be contacting you on behalf of the government. They might use a real name, like the Social Security Administration, the IRS, or Medicare, or make up a name that sounds official. Some pretend to be from a business you know, like a utility company, a tech company, or even a charity asking for donations.

They use technology to change the phone number that appears on your caller ID. So the name and number you see might not be real.

2. Scammers say there’s…