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Spot the Scam: Contractor Fraud

Fraud Prevention April Blog Image

Target:

  • Money

Tactic(s):

  • Ask for Advance Payment
  • Ask for All Cash Payment
  • No Contract or Confusing Contract
  • No Permit, Insurance, or License
  • Repeated “Unexpected” Problems
  • High-Pressure Sales Pitch
  • A Great Deal on “Leftover” Materials
  • Suspiciously Low Prices
  • Show Up at Your Door Unexpectedly

Know This:

  • Verify Licenses, Insurance, and Permits
  • Get a Written Estimate – or Better Yet, Several
  • Make Sure to Get a Contract
  • Use Traceable Payments
  • Avoid Upfront Payments
  • Do Your Research


The credit union is federally insured by the NCUA. Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
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