Shorthanding the year 2020 on official documents and forms creates an opportunity for scammers, consumer advocates warn.
Not only do we have to break the habit of writing 2019, when we really mean 2020, but the dawn of a new decade also creates a unique opportunity for scammers, says Ira Rheingold, executive director for the National Association of Consumer Advocates.How exactly, you ask?When the year 2020 is abbreviated on official forms and documents, those looking to exploit unsuspecting people can easily manipulate those numbers and leave people potentially vulnerable to fraud.
Or, let's say you sign a credit contract — an agreement between a borrower and a lender — and date it 1/4/20. Say you then miss a month or two of payments, and the lender goes to collect the debt that's owed. Theoretically, they could add"19" to the end of that date and argue that you owe more than a year's worth of payments, Rheingold said. We could go on, but far be it for us to give any scammers out there more bright ideas.
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