Saturday morning, Charlie got a call from the power company. She’d just moved into her new home and they said she hadn’t paid the deposit to move the account to the new location. If it didn’t get paid right away, they were turning off the power.

She was certain that she’d made proper arrangements with the utility company, weeks before the planned move. But it sounded very legitimate and official, so she reached for her wallet.

Then she hesitated.

On her mobile, she called her husband, who was away on a ride.

“Did you contact Edison about moving our power?” she asked.

“Why do you ask?”

“They say they’re going to turn it off if I don’t give them a $350 deposit.”

Simultaneously, they realized it was a scam.

Ralph Bender here for Enduring Wealth Advisors®

Be suspicious of anyone calling you and demanding money.

The billing department of your utility is not likely to contact you on a Saturday morning about an unpaid deposit.

There are a lot of scams today, and not all of them are internet based. This one was just an old-fashioned telemarketing con, using public information from Charlie’s purchase of the new home.

Visit www.EnduringWealth.com and search our blog for more ideas about protecting family money.

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