The last thing that tenants want when looking to find a rental property is to fall victim to fraud. Rental deposit fraud is on the increase. When the lease expires, the tenant in most cases never received the deposit back from the landlord.
Be wary of landlords or rental agents who request excessive deposit amounts or too many months' payment upfront or are never able to meet and show you the property in person.
As people begin to plan their December holidays...ok we admit, we haven't started planning either..they tend to forget the pitfalls when planning a well deserved holiday. Every year, we hear horror stories about users who paid vast sums of money in deposits, only to find out that their dream holiday place a) does not exist or b) is completely misrepresented to what was advertised. Us Vaalies have been caught out before.
TradeSafe protects all holiday goers by keeping the money in the middle. If you are promised a seaside room and end up nowhere near the sea, but a house with a wall with picture of a boat, you will get your money back!
Another scam that could have been easily prevented by TradeSafe. This time involving rental schemes. Tertiary students have been warned to be vigilant when searching for accommodation to avoid falling prey to fraudulent landlords.
Payment scams are once again doing the rounds and sellers are warned to be careful when trading online.
Four South Africans were duped by online dating scams. Its sad enough to have your heart broken. These individuals learned the hard way when their quest for love ended up costing them more than R500 000.