How to Spot Military Family Tax Refund Scams
Before the process of passing legislation of the Military Lending Act in 2007, military families spotted in the repayment cycle of lending and advantages scams paid 400 to 500 percent interest rates for loans in a year. The newly implemented law safeguards families of military personnel by restricting the annual rate of loan products to 36 percent without an elective for the lender to refinance. After this problem was dealt with, a lot of other scams targeting military families came forward like identity theft. There are a number of ways to spot military family tax refund scams with good effect.
Instructions
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1
The Red Cross fraud
Make sure you know about the Red Cross scam that generally spots military family members. In this case, a fraud artist poses as a Red Cross guy and calls a member of the military family. He then tell the member that your serving army man who is on Duty in Iraq was injured and is receiving treatment in a hospital in Germany. Be aware of the fact that he will claim that your family member cannot get treatment until the urgent paperwork is filled. Then he will ask you to give him your loved one’s social security number and date of birth to complete the paperwork so that the treatment is taken to the next level. If this happens then know this is a scam and do not provide any such information. -
2
Check the way the con artist seeks details
You have to be extra careful and pay attention to how the fraud asks for information. Your military relative’s name is not known by the scammer and other important details might be wrong. As a result of this, do not confirm your family member’s deployment. Be aware of your military protocol that if your relative sustains a serious injury, Red Cross officials normally make use of the military chain of command rather than calling you directly with the news. -
3
Do not give out any information
You should not offer personal information over the telephone unless you know the identity of the caller. The fraud person’s aim is to trick you into giving him secret information that can help him steal your member’s identity. Therefore, urge your close one to put an “Active Duty Alert” on credit reports to protect him against identity theft frauds when he is on deployment. This will help you stay safe from the scams.
