Victim of Contractor Fraud

You may neglect to take precautions when hiring a contractor, if you hire someone who does not get the project done in a reasonable time and who is not professional and may deliver bad job, as a rule are plain scammers, who seizes the opportunity to make easyавпвп money!

Contractor fraud often costs the victim twice at the end, because then you have to pay a legitimate firm again to bring the work up to standard or repair the damage.

Contractor Fraud Definition

Contractor Fraud – illegal business practices committed by firms hired to repair, reform, renovate or build housing and properties. Contractor fraud is typically carried out by smallfirms assuring rapid repairs or upgrades in short times and for lower market prices. The work is usually poor quality, redundant or may even cause damage to previously undamaged parts of a residence. The victim of contractor fraud is often pressured into paying for the work through threats and intimidation.

Tips to Avoid Becoming a Victim of Contractor Fraud

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How To Deal With Contractor Fraud

Contractor FraudOne of the most popular categories of fraud is the Contractor Fraud (also known as Home Building Fraud or Home Renovation Fraud). This term applies to the illegal practice of renovating, reforming, repairing, rebuilding personal property by misrepresentation of services, inflation of costs and project remuneration. It is usually practiced by small firms, or incredulous individuals that guarantee quick repairs for low prices. Generally, those repairs and upgrades are unnecessary, or even harmful for your property.

Do not forget that not all the contractors are con-artists – most of them are honest workers, but still be careful with all the warning signs that we will mention below and make sure you do everything possible to protect your budget and your property.

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