RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Scam Alert: There's No Such Thing as a Free Energy Audit

February 17, 2016 1:48 am

Are you looking for ways to reduce your energy expenses? Concerned as you may be, don’t accept a free energy audit. Audits billed as “free” are often perpetrated by scammers hoping to make off with thousands of dollars from unsuspecting homeowners.

According to the Better Business Bureau (BBB), most of these cons start with a knock on the door from someone offering free home energy audits. The person then suggests touring the home in order to pinpoint areas that are contributing to high utility bills.

Don’t be fooled—this first interaction is actually a set-up for another scam. Following the tour, the fraudster may ask for payment upfront, claiming it is needed to finance a government grant that will earn the homeowner a rebate, or pressure the homeowner into paying for slip-shod construction work or highly marked-up energy-efficient products.

To avoid becoming a victim of an energy audit scam, remember to:

Never allow any one into your home who claims to be from the utility company or the government, unless you requested the visit.

Ask the person for identification. Inspect their identification card thoroughly, and compare it to the identity labeled on their uniform and given in their story.

Listen for red flag words, such as “prepaid debit card” or “wire transfer.” These are tell-tale signs of a scam.

Keep your cool. If you suspect a scam, remain calm. If the fraudster is pressuring you for information or payment, call your utility company (use the number on your bill) to verify.

Use common sense. Some scammers may seek payment to repair or replace your electrical meter. The meter on your home is the property of the utility company, and it is never your responsibility to maintain, repair or replace it.

Source: BBB

Published with permission from RISMedia.


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5 Tips to Get a Handle on Debt

February 16, 2016 1:48 am

Be it a mortgage, student loan or unpaid credit card, the majority of households hold some form of debt. Not all debt is detrimental, but for the sake of your financial future, it pays to have a handle on it.

Better manage your debt with these tips, courtesy of American Consumer Credit Counseling, a national non-profit organization.

1. Determine exactly what you owe.
Do not live in denial and allow your debt to pile up. Write down every debt you have, as well as the amount you owe. With this information, create a plan on how to best go about paying off each debt.

2. Get organized.
Pull all those bills out of the drawer and get your finances in order. Organization will help motivate you to manage—and ideally, erase—debt.

3. Set up a calendar.
Create a calendar devoted to payments. Mark when each bill is due on your calendar and cross it off once it has been paid.

4. Look for ways to cut costs.
Carefully examine your bills to see if there are ways you can reduce them.

5. Reduce your spending.
Shrink your monthly spending to help you get out of debt at a faster rate. Review your credit card statements to see where your money has been going each month. Create a budget with a budgeting worksheet and stick to it each month. 

Source: ACCC

Published with permission from RISMedia.


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