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Love Shouldn't Cost You: How to Spot & Avoid Romance Scams

Online dating and social media make it easier than ever to connect with people around the world. While many relationships start genuinely, scammers also take advantage of those same platforms; posing as romantic partners to gain trust and, eventually, money.

These schemes are called romance scams, and they cost Americans billions each year. In fact, in 2025, victims reported a total of $1.3 billion lost due to romance scams. At ORNL Federal Credit Union, we believe your love shouldn’t cost a thing. Knowing the warning signs of romance scams can help you protect both your heart and your wallet.

What Is a Romance Scam?

A romance scam happens when someone creates a fake identity online to build an emotional relationship, oftentimes over weeks or months, before asking for money, gift cards, cryptocurrency, or access to financial accounts.
Scammers may meet victims through:
• Dating apps or websites
• Social media platforms
• Gaming platforms
• Messaging apps
They often claim to live far away, work overseas, or be in the military; anything that explains why they can’t meet in person.

Common Red Flags to Watch For

Romance scammers are skilled manipulators. Here are some warning signs to take seriously:

They move fast emotionally.
Professions of love come quickly, sometimes within days or weeks.

They avoid meeting in person or video chatting.
Excuses range from broken cameras to sudden emergencies.

They have a crisis… and need money.
Medical bills, business problems, travel issues, or family emergencies are common stories.

They ask for unusual payment methods.
Requests for gift cards, wire transfers, cryptocurrency, or prepaid cards are major red flags.

They encourage secrecy.
Scammers often say things like, “Don’t tell anyone about us,” or claim others wouldn’t understand.

Their profile seems too perfect.
Professional-looking photos, vague backgrounds, or stories that don’t quite add up.

Why These Scams Are So Effective

Romance scams don’t rely on hacking; they rely on emotion.
Scammers build trust, offer affection, and create a sense of connection. When money requests appear, victims may feel:
• Loyal
• Protective
• Embarrassed to question the story
• Afraid of losing the relationship
Remember: Anyone can be targeted, regardless of age, education, or background.
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How to Protect Yourself

If you’re connecting with someone online:
• Take your time—don’t rush into sharing personal details.
• Never send money or financial information to someone you haven’t met in person.
• Be cautious about sharing photos of IDs, checks, or account numbers.
• Search their profile photo online to see if it appears elsewhere.
• Talk to a trusted friend or family member about new online relationships.
• Trust your instincts; if something feels off, pause.

What to Do If You Think You’re Being Targeted

If you suspect a romance scam:
1. Stop communicating with the person immediately.
2. Do not send any more money or information.
3. Contact your financial institution right away; quick action can sometimes limit losses.
4. Change passwords on email, banking, and social media accounts.
5. Report the scam to:
a. The FTC at ReportFraud.ftc.gov
b. Your state consumer protection office
c. The dating or social media platform

How ThrivePATH Can Help

Financial wellness is about protecting what you’ve worked hard to build. ThrivePATH offers educational playlists and tools on fraud prevention, budgeting, and financial security; giving you the tools to stay informed and confident in today’s digital world. If you ever have questions or concerns, we’re here to help! 

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