Wednesday, June 30, 2010

New "Financial Aid" Scams May be After More Than Your Money

The news today concerns the re-emergence in the Cleveland area of a scam that took place in 2008--the "Ohio Advantage Program." According to this, they do not directly ask for money, but instead want your Social Security number, bank account information, and determine your "eligibility" for a personal grant or other funding. Of course, nobody gets funding. However, the scammers DO get enough information to drain your bank account, and steal your identity.

Be careful of any organization that asks for bank account numbers and Social Security numbers in order to get benefits. Please check them out with the Better Business Bureau first.

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