Scams are something that most of us deal with at some point. It can be telemarketers calling in the later hours of the evening or someone taking and using our identity. Many elders are victims of scams due to a number of reasons. They may have accumulated a wealth over their life that is enticing to someone that wants to use it to their own benefit. They could have a great credit score and have paid off their mortgage. They may also be receiving social security and an outsider can sweep in to try to take advantage of this. The elderly individual may not have anyone looking out for them or there is no one that is close enough to notice something regarding their finances. In many unfortunate cases, it can be those that are close to them that try to get them to fall for a scam.
They can often be an easier target when they are unsuspecting or they are unaware of the fact that they need to look out for scams in the first place. Earlier generations did not have to deal with scams as much as people do today so they are not always as likely to assume that is what someone's intentions are. Scams can be related to their health and they may be told they need to pay more than they should to look after themselves. When they are already facing serious health concerns, something that could supposedly help them is harder to turn down. They can be more willing to take the chance if it could improve their condition. Medical fraud is a common problem, and an example of this is the sale of electronic wheel chairs that are built up to be more than they are. Medicine may also be sold off as a magical healing aid when it is actually unlikely to make much of a difference at all.
In real estate or auto work as well, prices can be hiked up for older individuals. Senior citizens are not always taken serious when they do report a case and the situation may be overlooked by some or they may not be able to give enough information. To avoid fraud, there are a few things that an older person can do. Be careful about what documents are signed, don't pay online for any site (make sure it is reputable), take the time to be informed, ask questions and follow the age old rule that if it sounds too good to be true, there is a good chance that it is. The Federal Bureau of Investigation understands that senior citizens area a big target and they offer further information on their site. Call
Norman Taylor & Associates if you have been victimized through a scam or have dealt with abuse.