Why Online Prices Are Often Misleading

Why Online Prices Are Often Misleading
The promise of online markets was to provide consumers with more options, and the ability to compare prices from a variety of retailers. However, a new study by University of Florida economist David Cavallo shows that these options are not always reflected in prices. This is because some businesses use deceptive pricing practices to entice customers into making purchases. These include using exaggerated former prices to claim a discount and displaying false price comparisons.

Signs Of A Scam
Whether it’s online or off, scammers are always looking for new ways to take advantage of vulnerable people. Fortunately, there are a few common characteristics that can help you spot a scam in the early stages.

1. Scammers PRETEND to be from an organization you know. They can use an official logo and phone number, or change the name to sound authentic.

2. They say there’s a problem or a prize to win. These emails can be easy to fall for if you’re down on your luck and need money fast. However, you should look for a few warning signs: poor grammar and spelling in the original email and a reply address that doesn’t match the sender’s.

3. Requests for personal information. Scammers will often ask for personal details such as your bank account number or National Insurance number. They may also claim to be from the government or a well-known company. If they ask for these details without an obvious reason, check it out and hang up if you are suspicious.

How To Avoid A Scam
Scams can be difficult to avoid, but by keeping a close eye on the warning signs, you can be more confident in your online safety. For example, be wary of offers that seem too good to be true. Unless you have a personal relationship with the company or person who is offering you a product, you should never give them your personal details, including your credit card number. And always check the company’s website to verify their legitimacy before making a purchase. Scammers often create fake websites that look very similar to the sites of popular retailers. Also, don’t click on links or attachments in emails from people you don’t know – these can lead to malware infections that steal your personal information. Be suspicious of phishing emails that claim to be from your bank, as well as any that ask you to change your password or account information.

The Loan Scam
The loan scam is a common tactic for stealing money from people. It starts with a legitimate-looking website or newspaper advertisement that advertises a loan or credit card. If you see a loan or credit card ad, be sure to ask for proof that the loan or credit card is real. Legitimate lenders will always disclose all fees and loan details in writing before you sign a contract or pay anything. You should also look for a lender that is registered with the attorney general in the state where they do business. If the lender doesn’t have a government registry, it’s likely they’re a scammer. If you’re unsure whether you’re dealing with a loan scam or a genuine lender, contact your bank and report the fraud to Action Fraud. They will investigate the issue and freeze the account where you sent the money if it’s found to be fraudulent. They may also offer you a refund.

Report A Problem
For example, a quick Google search for “construction quote” will turn up numerous websites that claim to provide construction cost estimates. Having said that, there are plenty of scam artists out there who prey on unknowing customers. In short, it’s a good idea to speak to a construction expert in person. The result is a more comprehensive cost estimate and a much more knowledgeable customer. The best part is that you don’t have to pay for the consult. There’s a free phone number on each of our offices to help you with the rest of the process. You may even legitimately get a free coffee or beer!

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