If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357), or online at www.ftc.gov or contact the Consumer Financial Protection Bureau (855) 411-CFPB (2372), or online at www.consumerfinance.gov.
Regarding ChildFund, it appears your father was wrong. They appear to be a legitimate organization. They constantly bombard you with mail because they want to get as much money from you as possible. Lastly greed comes in many form, and not just short term monetary gain.eport Abuse. Yes, yes yes, this surely sounds like a scam. In all of their so-called disclosures of income and output (all with form numbers, very professional), there is no itemization of how much money actually goes to the advertisers, some of which are paid celebrities.
Thus one method of dealing with the financial aid impact of a custodial bank or brokerage account is to liquidate the account and transfer the proceeds into a custodial 529 plan account. If money is transferred from an UGMA/UTMA account to a section 529 plan, the section 529 plan should be titled the same as the UGMA/UTMA account. When the child reaches the age of trust termination, the child will become the account owner for the section 529 plan. The custodian is not permitted to change the beneficiary of the section 529 plan, because the responsibility of the custodian to use the assets of the UGMA/UTMA account for the benefit of the child does not terminate when the funds are withdrawn from the account.