Federal Grant Scams

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Federal Grant Scams – the Con You Should Never Fall for:

One of the most popular cons that succeed only because people would never believe that this can turn out to be a forgery are federal grant scams. You receive a call from the representative of a “governmental grant association” informing you that you have been elected to be the beneficiary of a huge amount of money from the government, a grant meant to help you make your life better.

If you don’t get any hints on how this is a coarse con, stop and think for a moment before doing what the person on the other side of the line asks you to. For instance, stop and think for a moment why were you precisely chosen for this, did you apply for any grant. If you don’t get stopped by these questions, here are some other tricks that have to tip you off on the eventuality of you being victim of what it is known as federal grant scams. The one calling will be asking you to pay for a fee (small in comparison to the amount you are about to win) for the assistance. You will also be requested to give in personal data, such as social security number, bank account number, credit card and so on. Is it clear enough by now that you are subject to one of the many federal grant scams?

If it is not, here is some more information to clear out your mind. Find out that there is no fee you have to pay when you actually are selected for a grant. These agencies exist due to the taxes citizens pay. If you have applied for a grant and you receive a call like this, take a moment and think about the time that has passed between the application and the “approval” date.

If your data is compromised what you have to do is go change it. You don’t want the thieves going through your account and contracting loans and credits on your behalf. Two very safe ways to avoid this situation are the Freecreditreport.com service, which will give you an accurate account history and the Lifelock.com, a credit monitoring service that informs you about the changes in your account.