identity theft: RETIREES: MONITOR CREDIT PROFILES AND SCORES FOR IDENTITY THEFT
- 09/13/16 02:13 AM
As an individual approaches retirement age it is likely they are more focused on preserving their wealth and less on managing their credit profiles and scores. Many retirees make this mistake after leaving the work force, this has the potential to destroy a strong credit score along with decades of credit history. It is important to maintain a healthy credit report at any age; this means you need to monitor credit profiles on a consistent basis. Identity theft – The fastest way to catch identity theft is through monitoring your credit profiles and scores. When a criminal steals your identity, opens fake … (2 comments)
identity theft: Millennials Credit & Fraud Protection
- 06/06/16 01:42 AM
The major banks have a vested interest in the future credit and fraud protection of millennials. In October and November of 2015, FICO conducted a survey on roughly 1,000 US consumers over the age of 17. According to the survey, millennials are ramping up their efforts to reduce the risk of fraud. Millennials make up young adults between the ages of 18 and 34; they represent the largest portion of the US population with $200 billion in annual buying power. Banks are working harder than ever to give millennials a better sense of control over fraud protection through the development of state-of-the-art fraud management platforms. 29 … (1 comments)
As an individual approaches retirement age it is likely they are more focused on preserving their wealth and less on managing their credit profiles and scores. Many retirees make this mistake after leaving the work force, this has the potential to destroy a strong credit score along with decades of credit history. It is important to maintain a healthy credit report at any age; this means you need to monitor credit profiles on a consistent basis.
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