A few common scams that target military members include:

• High-priced military loans

• Veterans’ benefits buyout plans

• Fake rental properties

• Expensive life insurance policies

In 2020, active-duty service members lost more than $190,000 to scammers across the United States, according to reports generated by BBB Scam Tracker. Veterans across the nation were impacted to an even greater degree, with over $270,000 lost to fraudulent business practices. While the vast majority of money was lost to online purchase scams, employment, COVID-19 and phishing scams were also prevalent. Additionally, 49% of scam victims were over the age of…

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