Memorial Day scams target older veterans

By the Tri-City HeraldMay 24, 2013 

While Memorial Day is a chance to honor those who serve, the Better Business Bureau says scammers use the holiday to target those who are or have served their nation, especially older veterans.

Among the common scams are:

-- Loans that promise a guarantee, instant approval or no credit check, and actually include hidden fees and high interest rates.

-- Veteran benefits buyout plans that offer cash for a disabled veteran's future benefits or pension.

-- Fake rental properties where photos of legitimate rental properties are used in advertisements promising military discounts and incentives and require a fee paid using a wire transfer.

-- Fake jury duty summons where a caller claims the service member has a warrant out for their arrest after supposedly not showing up for jury duty. The caller will try to get a credit card number or Social Security number.

-- Online classified ads where supposed soldiers claim to need to sell their vehicle fast and ask for upfront fees via wire transfer.

-- High-pressured sales pitches that offer expensive life insurance policies.

For more information, go to bbb.org.

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