Hot Topics in Personal Finance
How would you feel if you were stopped for a traffic violation and suddenly found yourself being handcuffed and taken to jail for a crime you never committed? Or if you got a nasty call from a collection agency for a car loan you never had? Or if your application for a home mortgage was turned down because of information in your credit report about overdue bills on accounts you never opened? These are situations you could face as a victim of identity theft. While ID theft can take many complex forms, the essence of this crime is simple—someone steals personal information about you to use for fraudulent purposes.
Money transfer services make it easy to wire cash quickly and conveniently to friends and relatives — but crooks may take advantage of these services to get money from their victims!
Are you inundated with junk mail? There are ways consumers can remove their names from marketing lists - and avoid getting on them in the first place.