Stimulus Grant Scams


CNNMoney:

Tough economic times make fertile breeding ground for scammers and this recession is no different.

Since the $787 billion stimulus bill became law in February, dozens of websites have popped up offering advice for a fee on how to get government grants on everything from small business initiatives to paying off student loan debt.

The BBB has received hundreds of complaints about sites like federalgrantsolutions.com, which billed consumers $70 a month on their credit cards for info they thought was free.

First, know that the government doesn’t hand out grants for paying off personal debt and grants are usually given to non-profits.

If you want to know how to apply for a government grant for a non-profit or small business initiative, that info is readily available for free at grants.gov and sba.gov.

Photo by svilen001.

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