Beware of VA pension scams
See original post here http://www.legion.org/serviceofficers/220649/ask-service-officer-beware-va-pension-scams Q. Are there scams that I should watch out for with VA pensions? A. As a veteran, beware of pension advance products that offer to pay military retirees a lump-sum payout in return for their monthly retirement payments. The products may amount to payment of only pennies on the dollar and the advances are reported to carry interest rates from 27 percent to 106 percent, which can threaten a safe retirement. There are many pension advance companies on the Internet, often with patriotic-sounding names and logos. If you’re offered a pension advance, stay away from arrangements that allow a creditor to access the account where you get your benefits. Instead, get trusted financial expert advice if you need emergency funds. Additionally, some individuals and companies use VA’s Aid & Attendance pension benefit as a hook to sell services. The Aid & Attendance...