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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Payroll (Debit) Cards: Getting Your Paycheck Deposited on a (Debit) Card

Have you ever heard of payroll cards? Payroll cards are a lot like debit cards—you can use them to pay for items in shops or online, or to withdraw money from your account.

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Renting a Car on Vacation? What Insurance Do You Need?

Many people enjoy "destination" vacations where they fly to the location then rent a car for local transportation. When you rent a vehicle, it’s important to have the right insurance coverage for the rental. Should you take the coverage offered by the rental company? Or will coverage provided by your personal auto insurance policy and the credit card used to rent the car be adequate?

Finding the best insurance coverage for the vehicle you rent depends on the answers to several important questions. In most cases, the coverage provided by your personal auto insurance policy and credit card will be both excellent and least expensive. But in other cases, the coverage provided by the rental agency may be your best choice, even though it may cost more.

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What Should You Look For in a Privacy Policy?

When was the last time you looked at a website's privacy policy? Typically, most people don't look at privacy policies unless forced. Some sites, when they've updated their privacy policy, don't allow users to view the site until they indicate they have seen the policy. While reviewing privacy policies can be time consuming, it's important to do so to protect the information that is important to you.

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The Selfie Saga: Selfie ID

With people taking selfies, people posting selfies, and selfie sticks, selfies are undoubtedly everywhere you look. Selfies are so present in our lives that in 2014 the word "selfie" was integrated in the Oxford (Online) Dictionary. We would go so far to say that every smartphone user has probably taken a selfie at some point. They are here to stay, whether we like it or not.

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Avoid 8 Summer Scams Targeting Your Wallet

Warmer days bring thoughts of relaxing summer activities and plans for vacations. Summer is also a popular time for doing home maintenance. Warmer days also bring scams that use all these summer activities to steal your hard-earned money. Watch out for these wide-spread cons and take steps to protect yourself.

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Heard About the LinkedIn Breach? Here's What You Need to Do

A data breach at LinkedIn has recently been in the news. What makes this news different is that the breach originally occurred in 2012. It's back in the news because the information stolen was recently found being sold on the Internet. And the amount of data stolen was larger than originally thought. The information that was stolen was member email addresses, member IDs, and hashed passwords.

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Spring Cleaning? Don't Forget Your Digital Home

For many people, the arrival of spring means a thorough cleaning of their home. Spring cleaning is also a good way to get your digital home in order too. With all of the personal information that our digital devices have on them, it is important to make sure that they are clean, protected, and secure.

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Budget Trouble: Broke Right After Payday?

You know that feeling you get when you get paid? You feel happy and rich and the sky is the limit! It's a great feeling, but it doesn't last long, does it?

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Saving for Retirement? Comparing Traditional and Roth IRAs

Individual retirement accounts, known as IRAs, are popular tax-advantaged vehicles for saving for retirement. Although there are actually 11 different types of IRAs, the most common are the traditional IRA and the Roth IRA.

The most well-known difference between the traditional and Roth IRA is the nature of the tax advantage. In general, the contributions to a traditional IRA are deductible from the investor’s taxable income in the year of the contribution. Tax on the contributions and their earnings is then deferred until funds are withdrawn from the IRA. In contrast, contributions to a Roth IRA are not deductible, but the contributions grow tax-free and are tax-exempt when withdrawn.

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Donating to Earthquake or Flood Victims? Beware of Scams

In the past few weeks, earthquakes have hit Japan and Ecuador and heavy rains have caused flooding in  Texas. After disasters like these, many people want to help. Unfortunately, fake charities and other scams will take advantage of the disaster.

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Be Aware of These Scams Targeting Women

I encountered my first online scam as an undergrad. I was looking for a roommate and received an inquiry via a popular online forum that seemed legitimate. A few conversations later the prospective renter asked me to deposit a check for them. I found out from a friend that this was a scam people were using to obtain a person's account information.

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Coming Soon to an ATM Near You? No Card Required

ATM skimming continues to be problem for financial institutions. Skimming is the stealing of account data from ATM, debit, and credit cards usually by inserting a device in the card slot on ATMs, self-service gas pumps, and other card readers. PINs can also be stolen by hidden cameras. Some estimates place the loss to the global banking industry at around $2 billion in 2015.

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      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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      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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