BBB tips to avoid scams about Economic Impact Payments
On March 27, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law. The act provides economic relief to individuals and small businesses facing the economic downturn created by the coronavirus crisis. Although the economic impact payments will begin making their way to consumers’ accounts within the next few weeks, scammers are taking advantage now.
Some consumers are reporting receiving calls from people who claim to be from the Social Security Administration. These callers tell consumers there are problems associated with their Social Security account, and their economic impact payment will be withheld until it is solved; then ask the consumer to confirm their Social Security number. Other scammers are reaching consumers via text, saying if they pay a certain amount, they can receive their payments within 24 – 48 hours.
Your Better Business Bureau is reminding you of the following important information to avoid scams as you anticipate your economic impact payment:
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