Black Friday: How to avoid scams, overspending - FOX34 Lubbock

Black Friday: How to avoid scams, overspending

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LUBBOCK, Texas -

If you are shopping in-store or online for Black Friday, beware of scammers hiding behind these deals. 

Mallory Maxwell, with the Better Business Bureau of the South Plains, said a credit card is always the safest route against fraud.

"That way if something does happen, it's a lot easier to dispute. Debit cards don't have that same capabilities," Maxwell said.

Watch out for phishing scams, like emails or unsolicited texts, she said.

"It will say some kind of great deal, like $20 off or $50. The trick is, they'll get you to click on it, thinking, 'this must be a business that I subscribed to before, who is this,' they'll try to get you to complete a transaction that way," Maxwell said.

Also, Maxwell said always read the fine print on these low deals.

It can also be easy to overspend, Jeffrey Nicholas, a financial adviser, said. To avoid this, he said to make a list.

"That way, you know what you're getting and for who, and that way we're less apt to overspend when we make a list of those that we're purchasing for," Nicholas said.

Cash or a debit card is the best option when trying to save, he said. If using a credit card, Nicholas said be responsible with it.

"If an individual is disciplined, and they're like, 'hey, I can save 30 percent. I have the cash to turn around and pay this thing off,' not a bad deal. But the majority of the population are going to put it on the card and make small payments, and you wind up paying 18, 20, 25 percent interest on something," Nicholas said.

There are many deals out there, Maxwell said, but be sure to do research beforehand. Always verify before you buy.

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