Protect Yourself From Financial Scams

While dodging financial scams seems to have become a part of life, the Department of Defense (DoD) has measures to protect the military community from such circumstances. Scammers may choose to target military families because of service members’ dependable incomes and frequent moves, opening them up to potential fraud, such as house closure; auto loan; and credit and debit card scams. Military families should be aware of DoD resources that may help protect them against financial fraud, or resolve issues that arise if a military family falls victim to fraud.

Installation legal assistance officers can help when legal issues arise, and certified financial counselors can provide support, guidance, and advice at family assistance centers on military installations. The counselors know the community and are likely to be aware of less-than-scrupulous vendors and service providers. Military OneSource offers financial counseling and tip sheets on how to be a good consumer and avoid pitfalls. DoD also has federal partners in the battle against financial scams, such as the Federal Trade Commission’s Scam Watch and the Treasury Department’s Consumer Financial Protection Bureau, where one can register a complaint to be investigated. The Better Business Bureau Military Line compiles information on businesses that are less than reputable, and installation commanders also have the ability to put unscrupulous businesses on a list.

(Source: http://www.defense.gov/news/newsarticle.aspx?id=120398)

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