How the scam works:
Most of us receive a ton of junk mail, regular or electronic. Some of the envelopes/emails might be from credit card or credit union companies offering all kinds of financial offers.
The scam comes in when – after bombarding you with tons of envelopes/emails for a few weeks, one of the offers has a big note saying: “To opt out of receiving these notifications, call: 1-888-…”
When people call to opt out of the mailing, they are asked a series of verification questions, to prove the identity of the real owner. Scammers collect the personal information that victims easily give, just to steal their identities.
How to avoid:
Keep throwing the junk mail into the recycle bin. On the other hand, if these offers come via email, the opt-out option should not be a hot-line phone number to call, but a click of mouse.
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