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Veteran Financial Scams

By Scam Awareness | December 16, 2016

Veterans are to be celebrated for their service to our country and the sacrifices they have made. Many veterans come back from service with lasting emotional, physical, and/or financial struggles. Despite their resilience through it all, veterans can be victims of financial scams, and in some cases, scammers set their sights on military families as well.

Here are some tips from the Tennessee Department of Commerce & Insurance (TCDI) on how you can help identify and prevent scams against veterans:  

  • Watch out for up-front fees. Many scammers will promise that they can help you access your benefits. Asking your military installation office for details is the recommended method if you need legal assistance or other services.

  • Do your research. Scammers may offer misleading information about a product through numerous installation payments. If the price is too high, take your business elsewhere.

  • Make sure everyone is on the same page. Make sure to get all agreements in writing before accepting a deal. Many scammers that will make false promises about services they say they will provide in the future.

  • Find out with whom you are dealing. Check out the Better Business Bureau or your installation community service office if you are unsure about the validity of a salesperson/company. Scam artists will often portray themselves as someone they are not.

  • Beware of house calls. Veterans Affairs rarely make house calls, so if an individual comes to your door or calls your house promising assistance with accessing your benefits DO NOT give them your personal information. All information and access to your Veterans Affairs benefits are available online through the Department of Veterans Affairs.

Stay safe!

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