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.
Child's Money. Many banks, brokers, and mutual funds will let you set up a custodial Roth IRA if your child is a minor (under age 18 in most states including Texas; under age 19 and 21 in others). Waterworth Wealth Advisors has the ability to open these accounts for our clients' children. Roth IRA for a child with earned income can be very attractive. There's no minimum age to set up a Roth IRA, and many IRA providers will accept accounts for minors.