Written by: Guest Writer
2 min read | Published: January 27, 2019
Many college students are constantly trying to find the best deals, but sometimes those deals are scams. It’s important to be aware of scams happening around you to prevent yourself from becoming a victim.
Who doesn’t love a free trial? But do you know the scam behind some of them? A lot of cosmetic companies will advertise a free trial and all you have to do is pay shipping and handling. For a college student, this can sound amazing. When considering a free trial, you’ll want to research how “free” it is. Many free trials will start as free, but what many people don’t know is that after a certain amount time, you will be charged for a subscription of the product. Canceling this subscription can be a lengthy and difficult process. Many companies will only allow you to cancel by calling their helpline, where they will then try to keep you as customer and offer you more “amazing” deals.
Have you ever been scrolling on your news feed when you came across a post regarding “free” or “cheap” cosmetic products? This is another form of a cosmetic scam that many of us may fall victim to. According to Graham Cluley's article, “Free Makeup Scam Spreads Rapidly Across Facebook”, fraudsters will advertise “free” or “cheap” cosmetics and have a list of tasks you need to complete in order to receive the product. What you don’t know is that these tasks you are completing are allowing fraudsters to access important information that helps them hack your social media account. Once your account is hacked, many of them then go after your friends in hopes they fall victim to the same scam.
When you are comparing products, don’t just compare the prices; compare the ingredients too. Some products are exactly the same, but are sold at completely different prices. What you can do to help prevent falling victim to this “swindle” is by researching the products. Some great questions to ask yourself are:
Was this helpful?
Browse Related
BLOG | FRAUD
2 min read | February 7, 2021
It gets sticky knowing if a free trial for a subscription or membership will lead to automatic enrollment — and automatic payments. Here are some tips to help you determine if that free trial is worth it.
Learn More
BLOG | BUDGETING
1 min read | April 13, 2023
When signing up for a free trial, customers often unknowingly agree to a recurring membership. Despite the tricky nature of some trials, savvy customers can take a few simple steps to avoid the financial traps hidden behind these offers.
Learn More
BLOG | FRAUD
2 min read | January 27, 2019
Social media gives scammers access to a large number of people for free or at a low cost. To lower your chances of getting caught up in a scam, do your research — especially when you encounter something that sounds too good to be true.
Learn More
Browse by Category
Oakland University Credit Union, OUCU, is a licensed trade name of Michigan State University Federal Credit Union. MSUFCU remains the legal entity behind both brands, MSUFCU and OUCU. Federally insured by NCUA. Equal Housing Lender.
If you are using a screen-reader or other auxiliary aid and are having problems using this website, please call 800-766-6828 for assistance. All products and services available on this website are available at MSUFCU full-service locations.
Copyright © 2024 Reseda Group LLC, used under license.