The Federal Reserve warned consumers that individuals who represent themselves as having a relationship or partnership with the Federal Reserve have recently been soliciting consumers with promises of financial services or loans for large sums of money in exchange for personal information for a payment schedule; at which point the consumer’s bank account is accessed.
Remember to please use caution and verify credentials of those individuals who solicit you for business. Never give any personal or financial information to anyone unless you are absolutely sure of their validity. If you are looking for help with credit repair and or home/mortgage financing then only do business with reputable providers. Get a referral from a friend, trusted advisor, Realtor or contact a local nonprofit community organization.
Quick Reminders
* Always check your credit report at least twice per year for any incorrect or suspicious activity
* Never give out your social security number
* Avoid the temptation of applying for immediate credit for a retail store discount
* Never share your PIN (personal identification numbers) with anyone; and never store passwords to online accounts in your purse, wallet or personal calendars/ journals.
* If your purse or wallet gets lost or stolen – report it immediately to your local police department and ask for a case number and a copy of the report; then contact the three local credit bureaus and alert them to watch out for any suspicious activity or new account applications for credit.
* Teach your children proper telephone screening skills like never give out information to strangers including their home address, email, father or mother’s employment, names of their local schools or names of their siblings.
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