The holidays are right around the corner which means a lot of will be traveling soon to visit friends and loved ones. While this is a joyous time of year, many thieves see this as a prime time to rip people off especially when they are traveling. Here are few scams you should be aware of any time of year when you are traveling.
Pizza flyer scam
After a long travel or busy day taking in the sites of your vacation you may be tempted to order out for pizza or other take-out meals from flyers that have been placed under your door in your hotel. Be very cautious from ordering from these flyers. Often these places are not even real. How the scam works is the take out place gets your credit card information and never delivers your food. They now have your credit card information and are likely already making purchases with your card. The best thing to do is just order room service or go out to eat. If the flyer does not list other locations or an address this is a major sign that the take out place is not real and is really just a scam.
The Klutz Ploy
This can happen in an airport or a restaurant. A team of pick pockets will accidently bump into you spilling something on you or around you. While you are distracted the other pick pocket will take your wallet, luggage, purse or anything they see of value. Most times you won’t realize something has been taken from you until it’s too late and the pick pockets are long gone. Remember no matter what is going on around you keep your eyes on your surroundings and your belongings.
The friendly warning signs
This is more common if you travel out of the country. You will notice signs warning of pick pockets in the area. This will have you checking your purse or wallet to make sure it’s still there. Unfortunately you have now given pick pockets a clue to where you keep your money. Remember to always know where you keep your money so you are not tempted to check to see if it is secure.
When traveling if you ever use taxi services remember to be extra cautious. Before taking a cab talk to a hotel worker or informational desk personnel what a cab ride should cost. This will help give you an idea of what to expect for the cost of the ride. Many cab drivers will try to inflate the price. You also want to know ways round your vacation destination if you can. Many cab drivers will drive you out of the way to make the ride cost more. When entering the cab take note of the cab number, the drivers name and the company the driver works for. In case anything happens you have some information that would be very helpful. When leaving the cab keep a watchful eye on your luggage. Cab drivers may try to confuse you to steal one of your bags of luggage.
If you are looking to travel more but are unsure how you will be able to afford it a reverse mortgage could help make your travel dreams a reality. What is a reverse mortgage? A reverse mortgage eliminates your current mortgage* (if you have one) and if you have any additional equity you can use it for anything you want. That equity you will receive is in tax-free** cash which you can choose to receive in a lump sum, monthly payments, a line of credit or a combination of these. Currently there are no income or credit requirements for a reverse mortgage and you are never required to make a payment as long as you live in your home. You can have the peace of mind knowing you can live in your home for the rest of your life.
Kristen Curzytek is a writer for the One Reverse Mortgage blog. One Reverse Mortgage is the largest retail reverse mortgage lender in America. Check out our reverse mortgage calculator to see how much tax-free cash you can qualify for. Or give us a call at (800)401-8114 to talk to one of our licensed professionals. They can discuss your financial situation with you and determine if a reverse mortgage makes sense for you and your financial goals.
*Homeowner is still responsible for taxes, insurance and property maintenance.
**Please consult with your financial advisor.