Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Government Grants - Beware of Scams > NetSparsh - Viral Content you Love & Share

Government Grants - Beware of Scams

As the saying goes: "Buyer Beware". If you see ads claiming you qualify to receive a "free grant" for education, to start a home business or to payoff unpaid bills, be wary. Scam artists will claim your grant application is guaranteed to be accepted and approved, and you never have to repay the money. But the Federal Trade Commission (FTC) warns that these grant offers are often a scam. The grant isn't free, nor is it guaranteed, nor is a refund.

According to the FTC, some scam artists market "free grants" in classified ads and even provide a toll free phone number. Here's an example of what happens when you call:

A company representative asks non-threatening, simple questions to supposedly determine if you qualify to receive a grant. The representative then acts as if he/she is checking your eligibility, and then congratulates you as being eligible. But for you to get the grant information from them, they will charge you a processing fee. Although they will promise you that the grant is guaranteed or you can get your money back, the truth is far different.

They will tell you that the processing fee is for finding a grant source and sending you the appropriate application package in the mail. But you won't receive an application or a source. Instead they send you a list of agencies and foundations which you must write and request an application. In order to get your refund, you must apply to; and be rejected by, all these agencies within 90 days.

Most grantors don't award grants to individuals for personal needs. Generally grants are to serve mankind and communities as a whole, such as job expansion, training under-employed youth, preserving history, funding charities, art museums, or for researching medical issues. So, even if you're in a financial hardship, or you may be an unwed mother, a single parent, a minority, etc, you're not likely to approved. And you may as well forget about getting a refund from the grant "broker" because the conditions for a refund are nearly impossible, requiring you to apply at every grantor on the list they provided to you and be denied by each resource within 90 days. If even one resource doesn't reject you within the first 90 days, you won't get your refund, nor will you get it back if the rejections are past the 90 day requirement.

If you're thinking about applying for a grant, remember that the applications are available to you for free and that anyone who guarantees you a grant is likely to be interested in their own financial gain, not yours. If you think you may have been a victim of a grant scam, file a complaint with the FTC by visiting www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261.

Don't fall for grant scams. Use the free resources available to you at public libraries, on the internet, and at www.creditfederal.com/government-grant.html

Article provided by Toni Phelps of Credit Federal. You can access grant resources 100% free at http://www.CreditFederal.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

KSFY

Study gives South Dakota 'F' in personal finance education
KSFY
(KSFY) - A new analysis has given South Dakota a failing grade when it comes to providing education about personal finance. The state received an "F" in the 2017 study by the Champlain College's Center for Financial Literacy. Researchers say the study ...
Louisiana gets D grade for teaching personal finance to high school studentsGreater Baton Rouge Business Report
Each State Graded on High School Personal Finance Education ...Business Wire (press release)
PA high schools get an F in teaching personal financeLebanon Daily News

all 6 news articles »

South Bend Tribune

Seeing is believing with personal finance | Business ...
South Bend Tribune
Maybe we should change the way financial information is taught.

and more »

The Boston Globe

They're making personal finance less stressful for women
The Boston Globe
Writer Chelsea Fagan and graphic designer Lauren Ver Hage aren't financial experts, they're just trying to make money a less taboo topic. The New York City duo were in Boston the other day to debut their new book, “The Financial Diet: A Total Beginner ...


Quicken Expands Personal Finance Offerings in Canada
Business Wire (press release)
MENLO PARK, Calif.--(BUSINESS WIRE)--Quicken Inc. announces the expansion of its Canadian product line with the 2018 release of Quicken Canada. For the very first time, the company introduces Quicken Canada for Mac, offering two new product offerings ...

and more »

CBS Miami

Personal Finance Expert Shares Tips On Avoiding Holiday Overspending
CBS Miami
Latest Videos. Sponsored By. Personal Finance Expert Shares Tips On Avoiding Holiday Overspending. Shani Curry-St.Vil heads Purse Empowerment, where she provides a safe haven for women to learn, share and grow in the area of financial literacy ...

and more »

When it comes to personal finance, seeing is believing
The Boston Globe
A visual learner absorbs information better if there are pictures, graphs, charts or diagrams. You probably get lost pretty quickly in the dense terminology of money management. It's particularly helpful to know your learning style when it comes to ...


USA TODAY

Rebuild your retirement savings - USA Today
USA TODAY
If you're now looking at your retirement balances and realizing that it's not enough, take heart in knowing that all is not lost.

and more »

Lifehacker Australia

Meet Our New Personal Finance Writer
Lifehacker Australia
Hello everyone, I'm Alicia Adamczyk (ah-dam-check), Lifehacker's new personal finance writer. Previously, I wrote for Money Magazine, covering everything from health care to taxes to fidget spinners, and I also worked at Forbes for a spell, where I ...


Kiplinger's Personal Finance: Military service members face big pension decision in 2018
Richmond.com
Many members of the military will have to make a big decision in 2018: whether to stay with the military's longtime retirement program or move to a new system that combines features of a pension with a retirement savings plan. The current military ...


USA TODAY

Holiday hosting tips to be safe, insurance if you're sorry - USA Today
USA TODAY
The holidays are the peak season for house fires and other disasters.

and more »
Google News

Ways to Save Energy and Slash Electricity Bills

1. Lighting & Light Bulbs Install low energy light... Read More

10 Quick And Cheap Ways To Cut Your Heating Bill

When you received an energy (heating) bill last winter, were... Read More

College Expenses: Seven Ways to Save on an Education

Many people graduate from college owing thousands of dollars in... Read More

What is ChexSystems?

Commonly referred to as the first of the three major... Read More

A Fresh Start for Family Finances in 2005

While 40% to 50% of us make New Year's resolutions... Read More

Budget Planning - Its Elementary My Dear Watson

Does it feel like you have to be Sherlock Holmes... Read More

Money Matters: Strengthen Your Marriage by Putting Finances in Order

Did you know that 43% of all married couples argue... Read More

Budgeting Before Buying

With interest rates being at an all-time low, I can... Read More

Budgeting: A Tough Love Way to Handle Your Household Budget

Developing and living by a household budget is by far... Read More

The Good and the Bad of Money Management

Good money management needn't be difficult. In fact, there a... Read More

Money Matters - Really!

One of the biggest challenges facing black RELATIONSHIPS today are... Read More

Should You Borrow From Your 401(k) Account?

If you have a 401(k) account, it can be very... Read More

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so... Read More

Understanding Your Finances Can Give You Power And Choice

What is finance and what do you need to know?... Read More

Financial Security

1) HOW TO LOOK FOR A JOBA) The Chronological Curriculum:1.... Read More

Organizing Your Finances - Thinking Outside the (Shoe) Box

If you're like most people, your personal financial records are... Read More

Expenses A ? What Are They And What Can We Do About Them

It is crucial as an individual who is striving for... Read More

If I Had a Structured Settlement, I Would Use It to Pay for Gas

Has anyone been to the gas pumps lately? Soon $3... Read More

How To Reap The Rewards With Rewards Programs

Recently, many of these loyalty rewards programs have come to... Read More

Learning the Basics of Handling Money

With prices increasing all the time, saving money can be... Read More

If All Things Are Possible, Why Cant I Balance My Checkbook?

For me, the most terrible time of each month is... Read More

Benefits of Personal Finance Software

In this age of information, keeping track of your finances... Read More

Photo Checks ? A Great Alternative in Checking

It's the little things in life that make it interesting.... Read More

Chex Systems ? Why Every American Needs To Guard His Checking Account With His Life

Most Americans have been brought up to be concerned about... Read More

How to Balance Your Checkbook ? Get a Calculator and Pencil and You are Ready To Go!

Despite how easy it is to balance a checkbook, very... Read More