Save any evidence such as receipts, cancelled checks or the product itself. Senior citizens are especially vulnerable to consumer fraud. The following are 10 very common categories of fraud where seniors should pay particular attention when conducting business. Medical Frauds - Senior citizens are much more likely to suffer from chronic ailments and health problems. As a result they are more vulnerable to quacks, miracle cures, hospital frauds, aging cures, and a variety of other medical frauds.
Medical frauds can have very serious health consequences for older citizens.
Home Improvement Frauds - Phony repairmen often appear at a victims door posing as a city official or claiming to have been referred by a neighbor. The quickly note some serious flaw in the house requiring immediate repair. They generally specialize in roofing siding, insulation, chimney repairs, driveway sealing, and wet basements. They promise quick service at bargain prices. They often take a large downpayment and never return.