Watch Out for American General Financial Services Fraud

2007-05-02 10:04:19

( Insurance )



It is correct that you should go to american general financial services and similar providers of revolving and installment financing for retailers. The financial stability, the reliable, capable and dedicated services that can be expected of the provider can make your own products and services affordable and competitive.

But there are too many providers of loans, retail financing and other related products and being called american general financial services that you should be wary about just approaching any of them. This company may be just easing itself into obtaining your personal records and even defraud you of money.

Be careful not to provide proof of employment, photo identification, social security information without determining if the company is fraud. Most certainly, do not give any money as advance fee for the approval of loans.

Similar fraud may be employed in drawing your investment to some american viatical services. American viatical services settlement involves the sale of an existing life insurance policy at a discounted price before the death of the insured, who is known to have a terminal condition.

There is fraud when misrepresentations hide the fact that the policy applicant has already been diagnosed with a terminal condition. The investor to any viatical company becomes a victim because the misrepresentations about life expectancies of insured and guaranteed rates of return are unreal and unachievable.

An honest viatical service can aid insurance agents, estate planners, wealth advisors, accountants and attorneys. A dishonest service can do damage to the entire insurance system, not only to your life savings.

Whether in the case of american general financial services or that of viatical services, fraudsters will appeal to your humanitarian side to invest in order to help terminally ill persons pay for medical attention or to your need for fast loans such that you are induced to pay advance fee.

Straightforward services provider deal above board and will not employ manipulative methods. By knowing the indices, your sense of correctness will notify you of fraudulent schemes.


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