Credit Rating

It may seem strange to you even to think of freezing your child’s credit. Has your son or daughter gone on a credit binge at your local toy store or candy store? Why would your child even have credit in the first place? Your child probably doesn’t have credit, but he or she does have
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Your credit score is a valuable asset that must be maintained and protected. Unfortunately, there are ways that other people can negatively affect your credit score – either inadvertently or with bad intent. Protect your credit information by carefully monitoring these five potential paths to a reduced credit score. 1. Joint Accounts – Joint checking
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Gone are the days of having to call a 1-800 number to interact with customer service teams. With the rise of social media, support is often available around the clock. If you’ve ever called out a company on social media for bad service, you know they can be quick to respond. Don’t be in a
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We’ve all heard the scary statistics of identity theft. In the last year: An estimated 16.7 million people were victims Identity theft cost Americans $17 billion (compared to a whopping $21.8 billion in 2012) The Federal Trade Commission took 371,061 reports of identity theft in the U.S., including 133,015 reports of credit card
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When it comes to dealing with risk, America’s housing market struggles with balance. How can lenders offer affordable home mortgages for more Americans and still maintain proper safeguards? The Great Recession was driven in part by overly risky loans that were packaged as securities and sold to investors who were unaware of the underlying risk.
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MoneyTips You’re a pretty tech-savvy person. You know how to avoid common scams. You can spot phishing e-mails a mile away – even spear phishing e-mails tailored specifically to fool you. Would you like to put your skills to the test? Jigsaw offers an online quiz to test your phish-detecting acumen. The quiz, based on
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Are you having trouble getting a date? Could be your rap, your looks, or your excessive debt. According to a recent survey by Finder.com, 72% of respondents say they would re-think a relationship with a partner in significant debt. (That’s similar to the percentage in last year’s Finder.com survey, so don’t expect debt to
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After the 2017 announcement of the Equifax data breach that potentially compromised the personal information of almost 150 million consumers, you’d probably expect Congress to take significant action to prevent future breaches. To date, you’d be wrong – but that may change with a Democratic House eager to address consumer protection issues. The Consumer Financial
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So Long, Free Credit Monitoring Were you one of the nearly 148 million consumers affected by the 2017 Equifax data breach? You may have taken advantage of Equifax’s free one-year offer of their TrustedID Premier service, extended to all affected consumers. TrustedID Premier allowed consumers to lock their Equifax credit report, provided identity theft insurance,
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To paraphrase the old adage, there are only three absolutes in life: death, taxes, and the rise of scams during tax season. A major tax scam since 2013 involves phone calls by fictional IRS agents that demand immediate payment for alleged tax debts, threatening lawsuits or even jail time to those who refused to comply.
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Tax filing season is upon us. Soon you will be filing your paperwork and perhaps receiving a nice check — unless thieves file a return in your name first and falsely claim your refund. Unfortunately, if a thief has your Social Security number and other relevant information, tax identity theft is very hard to prevent.
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Identity thieves have many ways to steal your money – including fraudulent tax returns. They file a return in your name as early as possible to beat your legitimate return, with fake financial data designed to claim a large refund. You won’t realize this until your tax return is denied because there’s already been a
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Holiday Debt On the Increase Are your credit cards still smoking from holiday overuse? Based on a recent MagnifyMoney survey, it wouldn’t be surprising. Consumers who financed their holiday spending averaged $1,230 in holiday spending debt – a sharp increase from 2017’s $1,054 average and 2016’s $1,003 average. Increases in wages and consumer confidence are
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Do you take mobile device security as seriously as you should? You probably connect to the Internet more on mobile devices than you do on desktops – especially on smartphones, since you’re likely never far away from yours. According to the 2018 Symantec Internet Security Threat Report, newly discovered malware for mobile devices increased by
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While you have plenty of tools to protect your personal information, your data is arguably in as much danger as it’s ever been. It’s not that you don’t take precautions (although many Americans don’t), it’s that your personal information is stored in so many places – some of which you can’t control. “The challenge with
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Times aren’t great in the mortgage refinancing market. According to the October 2018 Origination Insights Report from mortgage application software provider Ellie Mae, refinancing homes make up 32% of October’s closed mortgages – continuing a drop in refis that began five to six months prior. It’s likely that mortgage rate increases are to blame for
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Our prior article, 5 Steps To Be Your Own Mogul – Part 1, covers the first three steps to manage your finances like a business. Below we present the final two steps. 4. Forecasting If you have performed the budget exercise and broken your expenses out into categories, you can start to highlight areas
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Why not take some financial pointers from the business world and apply them to your personal finances? Whether you are a party of one or a family of four, it pays to be fiscally agile. Some of the longest financial plays in the business world today are small businesses that perennially stay afloat and drive
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Identity theft is rampant in America. According to Javelin Strategy and Research, 16.7 million Americans were affected by identity theft just in the year 2017, with a total of $16.8 billion stolen – an average of just over $1,000 per affected American. Unfortunately, identity thieves steal more than just money. By extension, they steal your
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Your checking account is a tempting target for thieves. You must stay alert for the many varieties of checking account scams – but first, you must be able to recognize a scam when you see one. Have you ever been targeted by any of the scams below? Free Prizes – This scam usually starts with
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You’re never too old to learn new things – including better money management practices. The Federal Deposit Insurance Corporation (FDIC) agrees. To address financial literacy concerns, the FDIC created the Money Smart teaching program in 2001 to help educators and financial institutions increase consumer understanding of basic financial systems work and how to use them
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