Beware Of Scams, Texas Utility Groups Warn
Utilities fraud accounts for 10 percent of identity theft in the country, according to the most recent numbers from the Federal Trade Commission. Texas has the third-highest number of fraud complaints in the nation, according to the FTC. Over $77 million was taken from consumers fraudulently in Texas in 2012, StateImpact Texas reports. In Texas, utility scams tend to become more common in the summer, as electricity use -- and power bills -- rises.
Sometimes it's a knock on the door, with someone telling you they need to check your electrical wiring. Perhaps you've gotten a phone call threatening to cut off your power if you don't pay your electric bill immediately over the phone by credit card or within a half hour by wire transfer.