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Every year, more and more people fall prey to scams. Data from the Federal Trade Commission shows that in 2021, consumers reported losing more than $5.8 billion to fraud. That’s a 70% increase from 2020. Imposter scams are the most common scams, followed by online shopping scams.
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What does one do if they’re bamboozled out of money by a con artist? Is it possible to get one’s money back? Though there’s no guarantee, there are a number of steps consumers can and should take to try and recover money stolen by scammers.
Credit Or Debit Card Charges
If you paid with a credit or debit or credit card, immediately contact the company or bank and inform them of the fraudulent charges. They should be able to reverse the transaction so that the money isn’t lost.
Unauthorized Transfer
If a malicious actor made an authorized transfer from your bank account, you’ll again want to contact your bank and let them know that you did not make the debit or withdrawal and…
