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Benefits of Requesting Statements to Avoid Senior Fraud

By Megan C @ LivingSenior - September 3, 2012

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With senior fraud on a rapid increase, the need to avoid fraudulent charges and fraudulent requests for money is vital. There are two ways that seniors can avoid fraud through requesting statements. Requesting a statement or itemized statement has its benefits. Here are the benefits requesting a statement and requesting an itemized statement in order to avoid fraudulent charges.

Request Statements

As a consumer, seniors have the right to request a written statement of the account. If they receive a phone call that states they a bill or outstanding amount on a charge they can simply request to receive a written statement in the mail. If the company refuses to provide a written statement, then simply hang up the phone. Any company refusing to provide a written statement of charges or a bill in the mail for the charges is running a scam.

The benefit of requesting a statements is that the senior will receive a written statement in the mail. This written statement will give the company name, address, phone number and the amount the company states is due. If the name appears to be a collection agency, then the senior can contact the agency and ask them who are they collecting the debt for. The company should state who they are colleting the debt for. A senior can determine at this point if it is a company that they do business with and if so they can contact company directly to find out what the issue is and what is owed. The added benefit of this is that seniors have the correct information for a police report regarding fraud and they can allow their company to know that someone is calling fraudulently and stating they are requesting outstanding payments for accounts that do not exist or are not in collection.

Itemized Statements

Request an itemized statement. These kinds of statements are  different than a regular statement. If you request a statement and received only a bill for the item or for the purchase, then request an itemized statement to show what was purchased for that amount. Many companies will send a billing statement that does not contain the items purchased for that amount. If the company is legitimate they will be happy to provide an itemized statement showing what was purchased. If the company states they are providing a collection service for a number billing company asked them for that billing company and by law they are obligated to provide it. For example, if they state that they are obtaining a collection for Citibank and you know you do not have a Citibank accounts and you notice fraudulent call. If you do have a Citibank account on the you will be contacting Citibank immediately or what ever respected service they named. Contact the company and notify them of the fraudulent call.

The benefit of the itemized statement for seniors is to quickly find out if the company is in fact a fraud. If the company is a collection agency and they refused to provide an itemized statement a senior can simply ask to they are collecting the debt for. This will lead the senior directly to the company that states there is an outstanding debt. However, in these cases 95% of the companies will either not give a company that they are collecting for, refuse to give an itemized statement or will give a company that the senior does not do business with. In any of these cases requesting an itemized statement will allow the senior to quickly find out if the company is legitimate, who they are connected with and if they are fraudulent.