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Romance Scams - Guard your wallet as well as your heart

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Romance Scams - Guard your wallet as well as your heart

4/16/2021

According to the Consumer Financial Protection Bureau, a romance scam is when a new love interest says they love you, but they really just love your money—and may not be who they say they are.

Be on the lookout for these warning signs of a romance scam:

  • A new love who lives far away asks you to wire them money or share your credit card number with them—even if they say they’ll pay you back.
  • Your new romantic interest asks you to sign a document that would give them control of your finances or your house.
  • Your new sweetheart asks you to open a new joint account or co-sign a loan with them.
  • Your new darling asks for access to your bank or credit card accounts.

All of these signs could mean your new love interest is trying to steal your money. Don’t let it happen to you. Report in-person romance scams to local law enforcement, and report online romance scams to FTC.gov/complaint



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