Teaching your children early on how to build credit and how to protect it is essential to the success of their financial future. First, parents should get a credit card for each child (the earlier the better). That does not mean you give the child the credit card, but you should occasionally (once a month) [...]
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Children are increasingly falling victim to identity theft, and families are largely unaware their children have been offended. Children continue to be victimized for years until as a young adult, they are denied services when seeking credit to pay for college or a car loan, applying for a job, or trying to get a drivers’ [...]
You’ve heard the saying “desperate times call for desperate measures.” Economic pressures are turning people into criminals. What is known about crime and the economy is that, as a generalisation, as unemployment increases it coincides with a small average increase in burglaries, homicide, robbery and theft. People are breaking into houses and cars, taking anything of value [...]
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What steps have you taken to keep your financial information and personal records confidential? You may be surprised to learn how many honest -— and dishonest -— people could have access to the details of your financial life. If you want to maintain better control over your privacy, consider these tips on how to safeguard [...]
Consumers who’ve had to invest months of time and gallons of antacid on resolving an identity theft problem may find cold comfort in the revelation that identities like theirs are painfully cheap when they’re traded online. The going rate for a “complete” identity (including name, address, passport, credit card info, driver’s license number, and even [...]
Every minute, nearly 20 people get affected by identity theft. That adds up to 10-million people a year. Here is a rundown of the steps that you must take if you are a victim of identity theft Step 1: Place a fraud alert on your credit files and monitor your credit reports regularly. Contact any [...]
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Identity theft encompasses a wide range of deception, from a stolen credit card used to charge purchases to an existing account, to stolen information used to impersonate the victim, open new accounts (even ones for utilities), and rack up thousands of dollars in debt. With over 500,000 new cases each year (and some say upwards [...]
The belief that you are in complete control of your own life can get you into some pretty serious trouble if you aren’t careful. Your unique identity, your reputation and especially your credit scores are ruled by your own actions, but only to an extent. To be absolutely certain that your life and your identity [...]
Yes, you can balance your checkbook every month to the penny with a minimum amount of time and effort. It is very important to do so in today’s world to prevent yourself from becoming a victim of fraud and identity theft. There are a few points to keep in mind when balancing your checkbook. First, [...]
It is probably no surprise to most adults that identity theft is one of the fastest growing types of fraud. But what may be more alarming is that people in the 18 to 29 age range are the fastest growing group of victims. One need not look too far to figure out why. Today’s young [...]
