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.
An IRA account for your child is very similar to, but not exactly the same as, a custodial account. That is, you control the account until your child reaches the age of majority -- just as you would with a custodial account -- but the IRA account is not actually considered to be a type of custodial account.owever, when you withdraw the money from a Roth IRA, it isn't taxed. That's right -- you get off scot-free with the booty. All you have to do is to wait until you can withdraw it penalty-free. Again, that's after age 59 1/2, and as long as it's been in there for at least five years.