Home Repair Scams: Identify & Avoid | First Commonwealth Bank Skip To Content

Home Repair Scams

Here's How They Work

Someone knocks on your door or calls you. They say they can fix your leaky roof, install new windows, or provide the latest energy-efficient solar panels. They might find you after a flood, windstorm or other natural disaster. They pressure you to act quickly, might ask you to pay in cash, or offer to get you financing.

But here’s what happens next: they run off with your money and never make the repairs. Or they do shoddy repairs that make things worse. Maybe they even put you in a bad financing agreement that puts your house at risk.

Here's To Do If You See A Home Repair Scam

1. Stop. Check it out. Before making home repairs, ask for references, licenses and insurance. Get three written estimates. Don't start work until you have a signed contract. And don't pay by cash or wire transfer.

2. Pass this information on to a friend. You may see through these scams. But chances are you know someone who could use a friendly reminder.

Please Report Scams

If you spot a scam, please report it to the Federal Trade Commission.

Your report can help protect other people. By reporting fraud, you can help the FTC’s investigators identify the scammers and stop them before they can get someone’s hard-earned money. It really makes a difference.

 

Source: Federal Trade Commission | ftc.gov/PassItOn