Credit Report Errors Can Ding Your Wallet and Life! What to Do

Errors in the information on your credit reports can hurt your financial and personal life. Errors can lower your credit score, resulting in paying higher interest rates on car loans, mortgages, and credit cards or in being turned down for a loan. Insurance companies and employers often use information based on your credit report to make decisions; erroneous information on your credit report could mean paying more for insurance or being turned down for a job. Checking your credit report regularly using www.annualcreditreport.com can help you correct errors in a timely manner.

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Don't Get Caught by This Fake IRS Tax Form Scam

There is a new scam that is sending people fake tax forms related to the Affordable Care Act. It may come by email or by mail and indicates that the recipient underreported their 2014 income as it relates to Affordable Care Act coverage and they owe additional taxes. It includes a fake CP2000 notice for tax year 2015.

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Internet of Things: All of Your Devices Are at Risk of Scammers, Malware, ID Theft, Etc.

You already know that your home is becoming one big connected digital environment, right?

For example, you can now set room temperatures at home from work, so it is nice and toasty—or cool—when you get home. Nice!

Or how there are now refrigerators with internet capabilities. They can track when you finish your yogurt and automatically reorder your supply with your local supermarket to have it delivered right to your doorstep. Lovely!

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Beware of Two Popular Ways to Finance a Home with Poor Credit

Owning a home is the American Dream. In fact, most renters in a recent survey indicated that they’d like to buy a home. But the combination of tightened mortgage requirements after the 2008 housing crisis and the slow post-recession recovery of employment and income for many Americans has meant that many people may not qualify for a conventional mortgage. Having a spotty or poor credit history makes it hard to meet these mortgage requirements.

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What Everyone Should Do as a Result of the Yahoo Breach

Yahoo announced on September 22 that user account information associated with at least 500 million accounts was stolen in late 2014. The information stolen may include names, email address, telephone numbers, dates of birth, hashed passwords, encrypted and unencrypted security questions and answers. The ongoing investigation hasn't uncovered any evidence that unprotected passwords, payment card or bank information was included. Payment card and bank information was not stored in the affected system. Yahoo is notifying potentially affected users by email.

Yahoo has provided the following information:

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Facebook User? Be Alert for These Scams

With millions of daily users, Facebook has become an effective way for scammers to find victims. There are many scams and variations. Most are after your personal information either through phishing or malware. Some disappear for a while but return, sometimes with a new twist. Some of these scams or variants have also appeared in emails or on other sites. While a hoax typically doesn't pose a threat to your personal information, they are deceiving.  Here are some of the most prevalent scams and hoaxes.

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FoolProof's Top 238 Money Mistakes to Avoid in College

If we wanted to, we could probably come up with hundreds of ways college students throw away money. I know. I made a lot of mistakes when I was younger!

Students are heading back to college now so let's focus on some of the main reasons why college can be a financially tough time for a lot of them.

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Medical ID Theft: What Do You Need to Know?

Medical identity theft is a fast growing type of identity theft. It is the use of your name and/or your health insurance information, including your social security number and address, to steal medical services. The thieves use the information to see doctors, get prescriptions, file insurance claims, get medical devices or equipment and many other services. And many are savvy enough to avoid raising red flags with service providers.

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What If? Planning Documents You Need to Manage Life’s Events

Life happens—and it can be unpredictable. Planning ahead, however, can help you and your family cope with the unexpected and manage the expected. Every adult, from young to older, should make the effort to plan. Having the following documents in order can ensure that your wishes are carried out and help avoid family confusion or conflict.

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Should You Be Worried About Ransomware?

Recently, there has been an increase in businesses and individuals reporting that they have been affected by ransomware. Ransomware is malicious software (malware) that prevents access, usually by encryption, to some or all of the files on computer hard drives. The software then informs the user that the only way to regain access to the files is to pay a ransom. The ransom must be paid using some type of digital currency such as bitcoins. Ransomware can end up on your computer through phishing emails, infected attachments, or infected websites.

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A Zero Percent Credit Card Trick!

Let's talk about credit cards. More specifically, let's talk about credit cards that offer you a 0% interest rate!

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Is Your Subprime Card Hurting You?

Most people who have experienced bad credit can agree that the following information often indicates that there is light at the end of the tunnel.

You're Pre-Approved.

These words often mean that a lender is open to taking a risk on you. Not to downplay the importance of increased piece of mind, reduced stress levels, and the ability to actually allocate money in growth vehicles of your choosing, but one of the many joys of improving your finances is becoming wanted again.

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Working to Pay Down Debt? Avoid Debt Relief Scams and Bad "Services"

Millions of Americans owe thousands of dollars on credit cards, student loans, medical bills and other unsecured loans or bills. Many are struggling every month to make minimum payments on what they owe. Even people who are managing their payments would love to pay less. Such circumstances make consumers with debt easy targets for debt relief and debt consolidation scams and schemes.

Protect yourself against signing up for phony or ineffective debt relief or consolidation schemes that may cost you more money and increase your debt, may open you up to identity theft, and generally dump you in financial "hot water." Know these major red flags used by entities pushing their services!

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Protecting Your Privacy with the Internet of Things

What do thermostats, activity trackers, light bulbs, light switches, refrigerators, coffee makers, baby monitors, televisions, door locks, security camera and many other devices have in common? They have a version that can connect to the Internet and can be controlled through an app. The term Internet of Things (IoT) describes the capability of everyday devices to connect to other devices and to people through the Internet. While this brings convenience, it also brings concerns about protecting your personal information.

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    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

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    • Privacy Rights

      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

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