PHOENIX - If you opened up your mailbox tomorrow and found a check inside that you weren’t expecting, what would you do? Deposit it, right? Not so fast.
How can you be sure that check is the real deal?
WARNING SIGNS IT MAY BE BOGUS
We’re all probably savvy enough now to know that a check you get in the mail from an African Prince who wants to share his fortune is a fake.
But, today’s scammers are getting so good, it’s getting hard to tell a real check from a bogus one.
From what I’ve seen over the years, 9 times out of ten, these are the clues that check you got is phony:
· If you did nothing to earn the check,
· If you’re selling something, get an overpayment and have to write a check back for the remainder,
· And if the company name on the check and the company name on the envelope are different.
SIGNS OF A REAL CHECK
The checks appear to come from real banks, and real businesses, but the businesses know nothing about it.
The Consumer Federation of America says those are signs it’s likely a real check include --
· It's a settlement from a class action suit. These are very common.
· It's for less than $100. Settlements are not for small amounts.
· You are not required to do anything but cash it.
The Consumer Federation also says to beware of checks and letters showing legitimate logos like Walmart, Costco, and Best Buy.
They often claim you have been chosen to be a mystery shopper. They are all fake.
Walmart will not contact you to be a mystery shopper. And no one will send you money in advance to do mystery shopping.
A good rule of thumb? Fake checks tend to be big checks. And, again, the people who sent them to you usually want you to do more than juts cash them.
So, take some time to find out what you have.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
RIGHT NOW: Top Stories
Phoenix Suns broadcaster Tom Chambers has apologized to the NBA team and its fans after being arrested on suspicion of DUI.
Things are warming up again, but we're also tracking the next storm system that may bring rain back to the Valley this week.
The head coach of the youth football team says dad’s overall misconduct on sidelines during games and practices, not just the Facebook post, led to his son’s dismissal.
It's very important that when you hire a contractor, you make sure you have a written contract with payments based on progress.
Officials have arrested a former coach on sex charges Wednesday in Goodyear.
Officials are investigating a murder-suicide in a Phoenix neighborhood.