How to Avoid Identity Theft

Wed, 19 Feb 2025 19:31:02 GMT

How to Avoid Identity Fraud

How to avoid identity fraud

Only carry essential documents and cards with you.

Avoid carrying extra credit cards, your Social Security card, birth certificate or passport with you outside the house and keep these items secured.

Protect your Social Security number at all times.

Only a few organizations such as motor vehicle departments, tax departments and welfare departments have the right to require your Social Security number. In addition, employers, banks and other financial institutions that necessitate tax transactions can require your Social Security number, but for all other instances, ask if they will accept an alternative proof of identification.

Keep your new checks out of the mail.

Pick up your checks at the bank instead of having them sent to your home when you order new ones. This makes it harder for your checks to be stolen, altered and cashed by identity thieves. In addition, make sure to keep private information like your full name or driver’s license off of your checks.

Be cautious when giving out personal information over the phone.

Identity thieves may call you, posing as banks or government agencies. Do not give out personal information over the phone unless you initiated the call. Remember, your bank will never call or text you for your account info or any 2 factor codes. Register your phone number with the National Do Not Call Registry to avoid all calls from telemarketers trying to get your information over the phone. Visit www.donotcall.gov.

Your trash is an identity thief’s treasure.

Shred your receipts, credit card offers, expired credit cards, bank statements, returned checks and any other sensitive information before throwing it away.

Make sure others are keeping your information safe.

Ensure that your employer, landlord, medical care facilities and anyone else with access to your personal information keeps your records safe. Be sure to read any privacy policies if you must share information with outside entities.

Stay on top of your credit and credit card billing cycles closely.

The three nationwide credit reporting agencies have set up a central website through which you can order your free annual credit report. Visit www.annualcreditreport.com to request a free copy of your credit report every 12 months from each credit reporting agency. Making sure you receive your credit card bill every month is an easy way to prevent identity theft. You can also request that you only receive statements through your online card account to avoid sensitive information being transmitted through the mail.

Keep a list of account numbers, expiration dates and telephone numbers filed away.

Being able to quickly alert your creditors is key to prevent others from using your personal information or bank and credit cards if these items ever become stolen. Be sure to also keep this information secure so it does not fall into the wrong hands.

Protect your identity online and be wary of email scams.

Be aware of any information that you, your friends, family, and organizations you are associated with post online. Any personally identifiable information about you online like date of birth or mother’s maiden name may be used for identity theft. Be aware of suspicious "phishing" email scams and never send information such as your Social Security number, credit card number, or User ID/Password through an email.

Create unique passwords or PIN numbers out of a random mix of letters and numbers.

Creating unique passwords makes it harder for identity thieves to discover these codes and gain access to your personal information online. There are several apps that will save your passwords so you don’t have to write them down or remember them.

Use the latest anti-virus software and be wary about public Wi-Fi networks.

Update your computer and devices with the latest anti-virus software to help protect against harmful malware and viruses. Stay away from public Wi-Fi networks or hotspots as these can be an easy way for criminals to steal your personal information off your portable device. If you must share personal information online for transactions, make sure you are using a secure network.

Information from CSID. To enroll call 855-880-2743

Rent Vs. Buy

Mon, 20 Jan 2025 21:45:03 GMT

Should you Rent or Buy?

There are many factors to consider when deciding whether to rent or buy. Both options have their own set of pros and cons that need to be considered before deciding. For example, renting is great for people who like to move around or are just starting their career. On the other hand, buying a home can be a great long-term investment if you plan on living in the same place for several years.

While there is no one answer on whether you should buy or rent, there are set factors you should consider before making that decision. Let’s uncover the pros and cons of buying or renting a home and how other factors might impact your choice.

Factors to consider for renting vs. buying a home

Choosing to rent or buy a home is a big financial decision that shouldn’t be taken lightly. Both have their own set of pros and cons that you need to consider before moving forward. However, there are some trustworthy indicators to consider when deciding which option is right for you.

Things to consider for renting versus buying a home include:

· Check your finances first. Make sure you are in a stable financial situation before deciding to buy a home or doing a lot of research. When reviewing your finances, you will want to ensure you have enough reserves to fund up-front costs of a home purchase. These costs include your mortgage down payment and closing costs, to name a few.

· Job security is important for securing a home loan and paying your mortgage. It ensures you have a stable income to cover your monthly payments. The lender will review your last two years of employment and determine the probability of the income continuing. If you are a recent graduate, the lender will most likely request transcripts to show you are new to the workforce.

· Consider your five-year plan. Those who like to move around or travel a lot might find renting a better option, while those wanting to create roots in a single location will find buying a better choice.

· Think about investing in a property. Buying a home can help you gain value and build equity by making home improvements. People who hold onto their homes for a long time usually make money when they sell, as long as the market keeps improving. Building equity in a property is one of the most popular ways to grow a little bit of wealth.

· Consider the time and money needed to maintain a home. If you rent and something breaks, you can contact your landlord to fix it. But when you buy a home, you have to keep up with the maintenance of the entire property. If something breaks, you will need to pay to get it fixed and spend time fixing it. It is important to have extra money for potential repairs when buying a home.

· How much flexibility you need: When you own a home, you can do whatever you want, from adding a room to changing the paint! However, you have minimal freedom or flexibility to change aspects of your living space when you rent. However, renting gives you the freedom to move around and not be stuck in one place, even within your city or town.

Make sure you’ve carefully weighed all the external factors of renting vs. buying a home before deciding. Big investments, like buying a home, need to be the right fit for your needs.

empeople Credit Union