The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
  • Building Wealth
  • Investing
  • Credit Scores
  • Student Loans
  • Paying for College
  • Saving Money
  • Real Estate
  • Credit Card Debt
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
No Result
View All Result
The Money Coach
No Result
View All Result

Another Financial Scam: This One Involves Walmart

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Scams
Reading Time: 2 mins read
Walmart scam
17
SHARES
288
VIEWS
Share on FacebookShare on Twitter

Another financial scam is making the rounds. This one involves Walmart. And it’s happening just in time for the holidays. Here’s the con:

Some no-good thieves are calling people on the phone and saying: “You’ve won a $200 Walmart gift card!” To collect your gift card, they say, you just have to pay $1 for shipping and handling, and the gift card will be sent to you.

Needless to say, this is totally bogus. Anytime a stranger calls you on the phone claiming you’ve “won” something, and then asks for your credit card – or any personal information – red flags should start going off in your head and you should literally be able to hear sirens and alarm bell whistles.

The old “give me your credit card number” scheme is classic con artistry at its best — or should I say worst? This is just another form of identity theft.

Thanks to Dan, from South Carolina, a subscriber to my free newsletter for alerting me about this scam occurring a lot down in Columbia, SC.

He says the scam has been so prevalent there that it was recently reported on WIS-TV in Columbia. I know times are tight and a lot of people are broke.

So the idea of “winning” a gift card from Walmart (one of my favorite places to shop!) is definitely appealing. But let’s remember the old adage: If something sounds too good to be true, it probably is.

I predict that this scam will increase in popularity as we progress into the holiday season.

It can (and will) likely involve any popular retailer that has gift cards – Target, Macy’s, Sears, The Gap, Home Depot, etc. One final word: I couldn’t find a reference to the story from WIS-TV. (I’ve asked Dan to forward me a link or more info).

Tags: walmart
Previous Post

What Happens to Credit Card Debt After Someone Passes Away

Next Post

How to Best Dispute a Medical Debt

Related Articles

Coronavirus Scams
Covid-19

COVID-19 and Coronavirus Scams to Avoid – Video

by Lynnette Khalfani-Cox, The Money Coach
Identity Theft Victim What to Do Ask The Money Coach
Identity Theft

Victim of Identity Theft? Here’s What to Do

by Guest Blogger
senior financial scams
Scams

Laws that Protect the Elderly Against Senior Financial Scams

by Guest Blogger
IRS Collection Scam
Scams

Beware of Fake IRS Collection Scam

by Lynnette Khalfani-Cox, The Money Coach
Equifax Data Breach
Identity Theft

How to Protect Your Credit After The Equifax Data Breach

by Lynnette Khalfani-Cox, The Money Coach
Equifax Hack
Identity Theft

The Equifax Hack: What Equifax Got Right and Wrong Amid Data Breach

by Lynnette Khalfani-Cox, The Money Coach
student loan repayment
Scams

Can You Pay Someone to Get Rid of Your Student Loans?

by Lynnette Khalfani-Cox, The Money Coach
How to Keep Hackers From Ruining Your Financial Life
Identity Theft

How to Keep Hackers From Ruining Your Financial Life

by Lynnette Khalfani-Cox, The Money Coach
phishing scams
Identity Theft

Watch Out for Tax-Related Phishing Scams

by Guest Blogger
Next Post
How to Best Dispute a Medical Debt

How to Best Dispute a Medical Debt

About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

Quick Links

  • Money Coach University
  • Lynnette's Personal Site
  • The Money Coach Corporate Site
  • Video Portfolio
  • Privacy Policy

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2022 TheMoneyCoach.net, LLC. All Rights Reserved.

No Result
View All Result
  • Meet Lynnette
  • Money Coach University™
  • Books
  • Financial Coaching
  • Speaking
  • The Money Coach Recommends™
  • Media Kit
  • Contact

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist