As you make your summer travel plans this year, or perhaps you’ve already hit the road or you’re on your way to the airport, one thing to keep in mind – without putting too much of a damper on your trip – is to stay financially vigilant when finalizing your vacation plans.
The travel and events sector is especially susceptible for fraud and scams as people are looking for deals in locations that might be unfamiliar, with bad actors savvier than ever when it comes to separating travelers from their money. Once travelers figure out their plans, they’re ready to hand over the funds to make their dream vacations happen – and scammers are more than happy to take it.
Victoria Ruiz, Chase Community Manager in Fort Worth, offers these tips to help you avoid the latest and most common travel scams so you can relax and enjoy your trip.
Vacation rental scams
So you’ve found a great house…
Be wary of “too good to be true” investment opportunities found on Facebook or Telegram that promise guaranteed returns, as these are almost always Ponzi or “Pig Butchering” schemes.