There are a lot of scams around, and usually they are done with the most anonymous means of communication, like on the phone or online. Magazine subscription set ups are among the most popular scams and can help scammers earn thousands of dollars in a year. They can call you up and ask you things, then make you agree to subscribe. In some states, just the mere verbal agreement binds you to the subscription or call, so here are a few things to remember to know that it is a scam.
- Claims that you have won a free or pre-paid magazine subscription. If you get an email or a call saying that you have gotten yourself a free magazine subscription, you have to remember your transactions and if you have joined any contests to be worthy of such a thing. The caller or email may tell you that you only need to pay processing fees, but these fees may end up being more expensive than just actually buying the magazine in a store. You have to be aware of standard magazine prices, like fashion magazines, business magazines or online magazines.
- No company identification. You would know it is a scam if they do not divulge the name of their company or any information on how to contact them in case you would want to think things over and call back. You must remember that it is a telemarketing sales rule to state the name of the company and the purpose of the call. You have every right to tell the person to put you on their “not to call” list, and if they do call again, you can hang up and report them to either your state Attorney General, or to the Federal Trade Commission.
- No clear billing information. Scammers would try to get you to agree to the subscription without giving you the proper information on how you will be paying for the magazine subscription. So you have to remember to ask the caller how much you have to pay for the monthly and yearly costs, and how long the subscription will last. They might be telling you that it is a cheap deal when you are looking at as a weekly cost, but the overall cost might actually be overboard for a magazine weekly or for a star magazine. A true telemarketer will not hesitate to give you the information you need regarding billing, and if you are not interested in the magazine subscription, you have the right to say no.
- Asking for your bank account information. Real telemarketers will not ask for your bank account information for computer verification or qualification. Your account may be used against you, and the next thing you know, you may be buried under debt for something you have never agreed to buy. Be very, very careful with your personal information.
There are other types of magazine subscription scams aside from calling or mail. There may be some that would come to your doorstep, asking for your help to earn a scholarship if you buy some coupons for a chance to win a subscription or by selling magazines in bundles. No school would let any student do such things just to get a scholarship. If you have been subscribing to magazines, be aware of your renewal dates and of the promos that those subscriptions have, because some scams come from phony invoices or renewal notices. Be critical.