The Hermit Flautist Who Became An International Man Of Health And Wealth, MANFREDD RAUNIGG, 17 June 2014
22/7/2014 07:40:32 am
Certified Check Scams - This scam is often perpetrated on sellers of used cars over the Internet. A buyer indicates that he wants to buy the car and pay with a cashier's check. At the last minute, the buyer creates a reason why he needs to write the check for more money and have the seller wire him the difference. The check turns out to be a fake, but it is often discovered long after the seller has wired the money. In addition, the seller is responsible for covering the money for the fake check. The money is held by the service until all parties are satisfied with the sale. There have been some instances of phony escrow services operating on the Internet. In fact, according to the Federal Trade Commission, the most frequently reported Internet fraud occurs on auction sites. Make sure you carefully research the buyer and his buying history. Never ship the vehicle before the money has been received.The best way to avoid most scams is to make sure you never transfer ownership of your car until you have the cash in your hand. That means, you either get cash from the buyer or wait for the cashier's check to clear. Avoid taking personal checks and allowing buyers to pay the car off over time. If you follow these few precautions, your car-selling experience should go smoothly.
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