Criminal Identity Theft: What Is It and How Does It Work?

Criminal identity theft can turn lives upside down. This type of identity theft goes beyond financial fraud; it involves the use of your personal information for unlawful activities. From tarnishing your reputation to causing legal headaches, the impact can be immense. The numbers are alarming. In the last two decades, identity theft has increased by [...]

Synthetic Identity Theft: What It Is and How It Works

You work hard to protect your identity. You're cautious about sharing personal information, you regularly change your passwords, and you keep an eye on your credit report. But despite your diligence, there's a form of identity theft that's becoming increasingly prevalent and is notoriously difficult to detect -- synthetic identity theft. Understanding this growing [...]

5 Reasons to Monitor Your Credit this Holiday Season

The holiday season is a time for joy, giving, and spending. However, it's also a time when cybercriminals and scammers are highly active, looking to take advantage of the increased online shopping, financial transactions, travel, and frenzied holiday activities. That's why it's all the more essential to monitor your credit during the holidays. Regular [...]

Credit Card Lock vs. Credit Freeze: What’s the Difference?

Credit card locks and credit freezes are security features that can be used to help protect you from fraud and identity theft. But even though they sound similar, they perform very different functions when keeping you safe. The key difference: credit card locks help protect your credit card from fraud, while credit freezes help [...]

How to Get Your Credit Ready for an Application

Whether it's the allure of building a solid credit foundation, the desire to boost spending power, or the initial steps towards homeownership, a credit card can be an invaluable tool in shaping anyone’s financial life. Thankfully, the journey to credit card approval doesn't have to be filled with doubts and uncertainties. In this article, we [...]

What Happens to Your Credit After 7 Years?

Having a good credit report is important if you want to take out loans, apply for a mortgage, or get low interest rates. Your credit score is determined by major credit bureaus, including Experian®, TransUnion®, and Equifax®, and they independently set your credit score based on information they receive from your lenders. If you [...]

Is a Debt Consolidation Loan Right for You?

Personal debt in the United States is at an all-time high, leading many Americans to look for creative ways to eliminate it. According to The Motley Fool, the average American has just over $100,000 in debt, split between personal loans, mortgages, credit card debt, student loans, and more. Because of the high interest rates [...]

Debt Snowball or Debt Avalanche: Which Debt Repayment Method is Right for You?

Whether it's personal loans, student loans, car payments, or credit card debt, people owe more money today than they ever have. If you're one of the millions of people struggling to pay back loans and debts, you've come to the right place. This article explores two of the most common methods of debt repayment [...]

Pre-Approved Credit Cards: What You Need to Know

Essentially, a credit card pre-approval offer is an indication from a credit card issuer that you meet certain criteria that make you a potential fit for their card, which they derive from a quick review of your credit history and other key financial factors. It's important to note that pre-approval is not a guarantee of [...]

How Virtual Card Numbers Make Online Shopping Safer

The risk of identity theft is on the rise, and it's becoming a serious concern. In fact, over the past decade, the number of people who have fallen victim to fraud and identity theft has nearly tripled. The FBI estimates that the total losses from cybercrime in 2023 will reach a staggering $10.2 billion [...]

How To Recover from Fraud and Identity Theft

When you find yourself caught in the web of fraud and identity theft, it's natural to feel overwhelmed. The good news is you don't have to face it alone. There are dedicated support systems and valuable resources in place to help victims recover from identity theft. And when you act quickly with an identity [...]

The Ultimate Guide to Child Identity Theft: Types, Warning Signs & Prevention Strategies

Child identity theft is a significant problem in the US. A recent report by Javelin Strategy & Research, sponsored by AARP, found that 915,000 children, or 1 in 80, were victims of identity theft in the past year. Additionally, 1 in 43 children were affected by a data breach from July 2021 to [...]

Buying a Home? Here’s How Your Credit Will Affect Your Mortgage Rate

To buy a home, you need to apply for a mortgage. But before you do that, you should know how important your credit score is in the mortgage application process since it can significantly impact the mortgage rate you'll be offered.  In this blog, we break down the relationship between credit scores and [...]

Tax Season Scams: How to Protect Your Identity

While it’s important to be on high alert and protect your identity all year long, tax season is an especially vulnerable time. Every tax season, identity thieves run a variety of scams to get their hands on taxpayers’ personal information. Many scams occur, but most have a common goal: filing a fraudulent tax return [...]

The IRS Phone Scam: Understanding the Tactics Used by Fraudsters

Tax season allows con artists to scam taxpayers out of their hard-earned money each year in the United States. These scams range from simple to sophisticated, but many are initiated using a single phone call. Here’s how phone fraudsters are targeting taxpayers this tax season and how you can spot an IRS phone scam. [...]

How to Add Utility Payments to Your Credit Report

The traditional way to build credit requires getting a credit card and/or loan and making monthly payments on time. But that activity doesn’t include all the other utility bills you pay. So, it only represents a small portion of your financial behavior. Most utility providers don’t report payment activity to the credit bureaus, which [...]

How Can I Find Out If Someone is Using My Social Security Number?

As the threat of identity theft continues to rise yearly, it’s important to watch out for signs that someone is using your Social Security number (SSN). In this blog post, we will explore the steps you can take to find out if someone is using your SSN and what to do if you discover [...]

Statement Balance vs. Current Balance: What’s the Difference?

Have you ever looked at your bank statement and wondered, what's the difference between your statement balance and your current balance? Don't worry. You're not alone! In this blog, we're breaking down the differences between a statement balance and a current balance. What is a Statement Balance? The statement balance is the total amount you owe [...]

How to Not Get Scammed Buying Tickets

If attending the biggest sporting events, festivals and concerts is a big part of your vacation plans, it can be a bummer to find out that the ticket deal you scored is a scam. After all, you are making a hefty investment to be there, which you know after budgeting out your vacation. And it [...]

What is a Good Credit Score? Credit Score Ranges Explained

With good credit scores come significant financial advantages. This includes better loan options, lower interest, and more negotiating power. Yet, many people are unsure of precisely what constitutes a “good” credit score. This blog will review credit score ranges and factors that could impact your credit scores. What is a Credit Score? A credit score [...]

Is IdentityIQ a Scam?

Is IdentityIQ a scam? Does a company that protects you and your family’s identity really exist? Yes, in fact, IdentityIQ services not only monitor your identity, but you also receive credit report monitoring, meaning your identity and credit are protected. IdentityIQ plans also feature device security with anti-virus and VPN. So, you have complete [...]

How Identity Theft Damages More Than Just Your Credit Scores

Having a good credit score can be extremely beneficial when pursuing important financial goals like opening a credit card, taking out a loan or buying a car or a home. It can even help you land certain types of jobs or rent your dream apartment. For this reason, it’s very important to protect your [...]

4 Ways to Avoid Payment App Scams

Peer-to-peer, or P2P, payment platforms like PayPal, Venmo, and CashApp are popular because they’re quick, convenient, and easy ways to send money to other people electronically. When used as intended, payment apps are relatively safe, but they lack some fraud protections and features that traditional payment methods like credit cards and debit cards have. There [...]

5 Reasons Why Your Free Credit Report Isn’t Enough

With cybercrime on the rise, your personal information is at risk now more than ever. One of your best lines of defense is monitoring your credit report. You’re able to check your free credit report annually from the three major credit bureaus. And there’s nothing wrong with using this free service to review your [...]

How Can I Protect My Personal Information After a Data Breach?

On average there are three data breaches a day, according to the Identity Theft Resource Center. So, that means your personal information might be at risk. If you’ve been notified you have been compromised in a data breach or suspect your personal information has been exposed, here are some concrete steps you can take to [...]

How to Help Protect Your Credit Health When You Missed a Bill Payment

Life is hectic and it’s easy to miss details sometimes, even when that detail happens to be a bill coming due. Making your payments on time can be tough when you’re having financial troubles or simply juggling a lot of responsibilities. It’s important to pay your bills on time to protect your credit health. [...]

2 Things You Can Do to Help Reach Your Credit Goals in the New Year

The start of a new year is a great time to reassess your financial health and implement habits that help positively impact your credit profile. Monitoring your credit report and identity is the best place to start your financial resolutions since it can have a ripple effect in other aspects of your life as the [...]

How Multiple Credit Cards Can Affect Your Credit Score

To use a credit card for establishing credit, you need to have at least one open card that can be reported to the credit agencies. But beyond that, there’s no definitive number of cards you need to have in your wallet for good credit. While your credit cards directly impact your credit, the number of [...]

How to Help Protect Minor Children from Synthetic Identity Theft

According to the Federal Reserve, synthetic identity theft is one of the fastest growing forms of identity theft in the country. Synthetic identity theft occurs when a criminal uses a combination of real and falsified data to create a fictional identity for financial gain and other fraud. Children are particularly appealing victims for synthetic [...]

One of Largest IT Staffing Agencies in U.S. Reports Data Breach

A ransomware attack has exposed the commercial and personal employee data of Artech Information Systems, one of the largest IT staffing agencies in the nation. The data breach occurred Jan. 5 – 8 after a bad actor gained access to company servers through an employee user account, according to Bleeping Computer. Company officials said [...]

4 Credit Moves to Make When You Move Back in With Your Parents

According to data from the U.S. Census Bureau, a record 32 million adult Americans lived with their parents or grandparents as of April. The pandemic is one likely culprit, but other factors – including housing costs and high student debt – have contributed to this phenomenon for years. Moving back in with your parents [...]

FICO to Release FICO Scores 10 and 10T as Newest Versions of Credit Scores

FICO® has announced its newest credit score models – the FICO Score 10 and FICO Score 10T – with a focus on consumer personal loans and credit trends. The new FICO Scores aim to reward those who pay lenders on time and give lenders more precision and predictability powers when making lending decisions, said [...]

How to Pay Down Holiday Credit Card Debt

If you went into debt shopping for the holidays, you’re probably not alone. Many American consumers plan to put at least some of their holiday spending on their credit card to pay off later. But putting too much holiday debt on your credit card can be bad for your wallet and your credit. Large [...]

5 Credit Score Myths to Stop Believing

There is a general lack of awareness surrounding credit, as American consumers’ knowledge about credit scores has been on a steady decline since 2012. And when you aren’t informed about your credit, it can be easy to believe misinformation and even spread it to others. Unfortunately, believing falsehoods about your credit can lead you to [...]

Data Breach Hits Parent Company of Joe’s Crab Shack, Claim Jumper, Rainforest Café and More

Landry’s Inc., the parent company of more than 600 restaurants, hotels and casinos, has announced a data breach exposing customers’ card payment information. Company officials reported a hacker accessed and installed malware to their network supporting payment processing, which is used by servers to swipe and charge customer credit cards. They said encryption technology [...]

Macy’s Data Breach Exposed Customer Data and Payment Info to Hacker Syndicate

Macy’s officials have alerted customers that their personal data and payment information may have been exposed via a data breach on the department store’s retail website. The breach allowed an “unauthorized third party” to harvest customers’ personal data and payment card information from macys.com. According to a letter to customers dated Nov. 14, Macy’s [...]

The Pros and Cons of Automatic Bill Payments

These days, many banks and service providers offer automatic payments to make paying your bills a little easier. This feature lets the companies you do business with automatically charge your credit card or debit your bank account on a predetermined date every month. While automatic payments can remove many of the headaches associated with [...]

The Difference Between Revolving Credit and Installment Credit

The debts that appear on your credit report are typically sorted into two different types: revolving credit and installment credit. These debt types can affect your credit in different ways. But what’s the difference between revolving credit and installment credit? We break it down below. What is Revolving Credit? Revolving credit extends a fixed line [...]

How to Know When a Store Credit Card Isn’t Worth Your Time

Many retailers, from online sellers to department stores and smaller chains, have their own version of a store-branded credit card. Chances are that you’ve been offered one in exchange for a discount off your purchase at some point. While retailers often try to lure customers at the cash register with savings, store credit cards aren’t [...]

Credit Karma ‘Technical Issue’ Exposes Account Information to Wrong Users

Officials of the credit monitoring site Credit Karma are blaming a “technical issue” for a data breach that exposed users’ credit and personal information to other site users. Users began posting to Reddit and Twitter this week to point out the issue, saying when they logged into the site they were given access to [...]

How a Strong Credit Score Puts Money Back in Your Pocket

You already know that a decent credit score can help you get approved for the credit cards, loans, and other financial products you need. The better your credit score, the better your odds of securing approval. But there are other financial incentives to building a good credit score – it can actually save you a [...]

4 Realistic Anti-Fraud Changes You Can Make Now

Now is the time to protect yourself against account fraud and identity theft, which can do massive damage to your credit and finances. Luckily, you don’t have to be a finance guru or cybersecurity wizard to better protect your money and identity. Here are four realistic anti-fraud changes you can make immediately to protect yourself: [...]

How Does a Late Payment Affect Your Credit?

Missing a monthly bill payment carries consequences more severe than late fees and embarrassment. Late payments can cause long-term damage to your credit score and affect your ability to qualify for loans and other financial products. You should always try to make your payments in full and on time to avoid these consequences, as your [...]

Equifax to Pay Up to $700 Million for Data Breach

Equifax is expected to pay about $700 million for a data breach that put almost half the U.S. population’s personal information at risk, according to the Wall Street Journal. The credit-reporting firm is working to finalize an agreement that includes a $700 million settlement with the Federal Trade Commission, Consumer Financial Protection Bureau, numerous [...]

8 Warning Signs You Might Be a Victim of Identity Theft

Identity thieves use stolen personal information to open fraudulent accounts, empty bank accounts, and wreak havoc on their victims’ credit and finances. If you become a victim of identity theft, it’s important to catch it early. The sooner you find out your identity has been stolen, the sooner you can take action and prevent any [...]

9-Year-Long Data Breach Puts 95,000 Delaware Residents’ Information at Risk

About 95,000 Delaware residents have had their personal information compromised in a data breach at an insurance provider that lasted nine years, according to news reports. Dental and vision insurer Dominion National reported the data breach, which the company said began in August 2010 but wasn’t discovered until April this year. Dominion National found an [...]

3 Credit Facts You Need to Know About Medical Debt

Medical costs are a serious issue in the United States. The average U.S. consumer spends more than $10,000 a year on medical care, and one in five Americans has reported problems with paying his or her medical bills. But medical debt can put a dent in more than your bank account. It can also land [...]

Graduation Means More Freedom, But Also More Risk for Fraud and Identity Theft

Graduation season is here and that means many young people will be heading out on their own for the first time. However, with that new-found freedom comes an increased risk for fraud and identity theft. Did you know that young people fall victim to fraud and identity theft at a higher rate than older adults? [...]

7 Common Credit Mistakes to Avoid

Building a strong credit score may seem like a complicated undertaking, but it generally involves making informed choices and avoiding common pitfalls. When you don’t know what behaviors to avoid, you could be dragging down your credit score without knowing it. Don’t let unintended blunders hurt your credit. Here are seven common credit mistakes to [...]

How Can a Credit Card Balance Transfer Help You Pay Down Debt?

Credit cards with strong balance transfer offers can help cardholders with high-interest rates pay down their credit card debt faster and more affordably. In theory, it’s a simple concept: you simply move your existing credit card debt to a new card with a lower interest rate, with the intention of paying down your debt quicker. [...]

Massive Marriott Data Breach Exposes Personal Information of Up to 500 Million Guests

Marriott International, one of the largest hotel chains in the world, today revealed its discovery of a massive data breach that exposed the personal information of up to 500 million guests. The data breach leaves Marriott guests vulnerable to account fraud, identity theft, and other criminal activities. Marriott says an unauthorized party has been [...]

6 Common Credit Report Inaccuracies

The information contained in your credit report should be fair and accurate. After all, it determines your credit score and helps lenders, creditors, and other companies decide whether to do business with you. Unfortunately, credit report inaccuracies are extremely common. In 2013, the FTC reported that one in five Americans had discovered an inaccuracy on [...]

5 Things You Shouldn’t Put on Your Credit Card

When used correctly, your credit card can be a useful personal finance tool. Credit cards can fund everyday purchases, build your credit score, and even earn valuable rewards. But when you use your card the wrong way, you can easily fall into financial hot water and damage your credit. There are certain things you should [...]

6 Credit Card Benefits You Might Not Be Using

Credit card companies usually highlight their showier benefits, like cash back rewards or airline miles, to draw in new business. But many credit cards provide much more than that, offering a full suite of valuable benefits to their customers. If you’re only aware of your credit card’s surface level perks, you might not be getting [...]

What to Do When a Debt Collector Calls

Getting an unexpected call from a debt collector can be an intimidating experience. Often, debt collectors will try to pressure you into paying them over the phone on the spot. But even if you’re swimming in debt, you have rights when a debt collector calls, and you should always do your homework and exercise your [...]

Who Can Check Your Credit Report?

The primary purpose of your credit report is to demonstrate your creditworthiness to lenders and creditors. In other words, your credit report can help companies decide whether to approve or deny your loan and credit card applications. But lenders and credit card companies aren’t the only ones that can pull your credit report. In fact, [...]

5 Things to Negotiate With Your Credit Card Company

If you’re unhappy with the terms of your current credit card, you might think you’re stuck with the status quo. But credit card companies are often willing to negotiate certain terms, especially if you’re a good customer or if you have special financial circumstances. Here are five things to negotiate with your credit card company. [...]

Seven Reasons to Pull Your Credit Report Right Now

A lack of familiarity with your credit report could cost you big. The information in your credit report determines your ability to qualify for credit cards, loans, and even employment in some cases. Negative information in your credit report could hurt your credit score and block access to the financial products you need. You should [...]

Synthetic Identity Fraud Targets Children in a Long Con

Criminals with a lot of time on their hands are committing a con that can take years to pay off and sounds like something out of the future: Synthetic identity fraud. Instead of the traditional identity theft of stealing an existing identity from someone and posing as them, synthetic identity fraud criminals create a new [...]

Credit Card Lost or Stolen? Here’s What to Do

Your credit card is one of the most valuable items in your wallet, and you rightfully might feel frantic if it’s been lost or stolen. But unlike some other pieces of property, federal law protects your credit card. Replacing it might be a pain, but if you act fast you can limit the damage done. [...]

How to Protect Your Physical Documents from Identity Theft

Each year, millions of Americans fall victim to identity theft. It’s a serious threat, as thieves can use your personal information to open new accounts, claim tax refunds, file fraudulent Medicare claims, and more. Even if your identity isn’t stolen, thieves may try to use your personal information to gain access to your bank account [...]

4 Ways Credit Cards Can Help Your Credit Score

When used correctly, credit cards are one of the best tools available for building or improving upon your credit. They directly impact several factors that determine your credit score and are a good place to start if you want to make a positive change. Here are four ways credit cards can help you build your [...]

Why to Always Use a Credit Card Over a Debit Card to Avoid Fraud

Debit cards are one of the worst ways to use your money if you want your identity protected. Because it’s linked directly to your bank account, anyone with your card information can instantly withdraw all the money from your account. If that doesn’t scare you enough, there’s the fact that debit cards don’t have [...]

Your Kid Should Have a Credit Card Before They Can Drive

The parental refrain “Do what I say and not what I do” isn’t a wise one in many respects, but especially when it comes to financial talks with your kids. Parents lead by example and if you’re racking up credit card debt you can’t afford, then you may be teaching them bad money habits. Such [...]

Credit Cards vs. Debit Cards: Which is Safer for Online Shopping?

Online shopping offers convenience and great deals, but it also leaves you vulnerable to hackers and data breaches. Criminals are constantly trying to break into the databases of online retailers to access consumers’ personal information and debit or credit card numbers. You should take steps to protect yourself online, and that includes determining the best [...]

Five Underused Tools that Make Online Shopping Safer

Staying safe as you shop online requires diligence. Some good habits, such as keeping your credit card number private, are obvious. But savvy shoppers can go above and beyond to reduce the risk of theft and fraud as they shop on the Internet, using modern technology and safeguards to protect themselves. Here are five [...]

5 Ways to Build Credit When You Don’t Have Any

When you don’t have any credit history, it’s hard to qualify for credit cards and loans, which are ironically the very tools you need to build good credit. Lenders simply can’t judge your ability to manage debt without any past information to evaluate. This is a common challenge for young people and anyone without any [...]

How Secured Credit Cards Can Help You Build Credit

When they’re used correctly, credit cards are one of the best ways to positively impact credit. But if you have bad credit or a thin credit history, you might have trouble getting approved for a card. It’s a classic catch-22. Secured credit cards were designed for people in your scenario. While they have a few [...]

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