Source: 2019-20 Consumer Sentinel Report
Automobile and transportation made up between 16% and 17% of American household expenditure in 2019 according to The US Bureau of Statistics. Being both such a significant cost, as well as an essential item for most Americans, it is no surprise that it is the 7th largest category of reports in the FTC's Consumer Sentinel Network 2020 Report. According to the data there has not been any growth over the past 3 years, but it remains a significant and established category for scams and fraud. At a state level, Connecticut, Missouri, New Hampshire and Ohio had the highest % of Automotive fraud reports.
Common scams include fake car advertisements, car warranty scams, car history report scams and payment scams.
Buying a used car from a private seller can save you money, but it can also make you vulnerable to various scams. Protect yourself and your money from used car scams.
Buying a car on OfferUp may be a cheaper option, but it doesn't come without risks.
When buying a car via eBay, make sure you complete the purchase using eBay's system, or it won't be protected and you could lose thousands.
Don't fall victim to eBay Motors scams. Know the red flags, such as not being able to see the car in person first, a pushy seller, or a strange payment method.
Scammers are impersonating government departments in an attempt to steal your information in this new COVID-19 scam.
Scammers impersonate well-known banks, such as Citibank and Chase, to trick you into giving up your sensitive information—learn how to beat these scams.
If you receive a text message from your cell phone provider containing a link to a "little gift," don't click on it—it's a scam!
Venmo users are noticing suspicious emails hitting their inboxes with claims of a large sum of money waiting to be transferred by a PayPal user.
The Tinder safe dating scam tricks users into giving up their credit card info to verify their profiles and leads to auto-enrollment in monthly subscription-based porn sites.
A call from your bank isn't always legitimate—imposters pretend to represent your bank to steal your information and money.
When looking for the best car insurance rates, be sure to take advantage of these 14 discounts that can save you hundreds of dollars on your premium.
Buying a car is one of the biggest purchases a person may make in their lives, and being aware of these often-forgotten expenses may help you make a more informed decision.
You don't buy a new car that often, so how do you know if you're getting ripped off? Follow these tips to ensure you're not overpaying for a new car.
Pumping gas can seem like a basic task—a simple necessity that you need to do every week. What you may not be aware of is gas pumps are a prime target for scammers.
With more than 2 million fake websites online, it's important to report any you come across to help the authorities shut them down and protect others from falling for scams.
This case shows just why you need to be aware of SIM swapping and how to protect your cell phone number from criminals like this.
After a 3-year long scam, Angela Mirabella and six others have been indicted on several charges, including grand theft.
Taking a chance on a fake COVID-19 vaccination card seems like an easy way to get around requirements, but think again before you land yourself in prison.
Sometimes it just safer not to pick up calls from unknown phone numbers.
Nike is taking a stand against counterfeiters and stopping fake products before they hit U.S. soil.