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Posts Tagged ‘fraud’

Don’t be bamboozled

fish hook and money

As fraudsters enjoy more success and scams become more prolific, the likelihood of any one person getting duped is going up. And it isn’t just the elders that are being scammed. The Federal Trade Commission said that consumers reported losing a total of nearly $488 million to all types of imposter scams in 2018—more than…

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Elder Financial Exploitation

elderly woman on phone

To con artists, down-on-their-luck relatives, or opportunistic acquaintances, they are gold mines. Individuals over the age of 50 control 70% of the country’s wealth, and seniors between the ages of 65 and 74, with an average net worth of $1.06 million, have more assets than any other age group. They are also susceptible to elder…

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Millennials: rethink credit vs. debit

woman shopping with card

There is a generational divide when it comes to shopping: A CreditCards.com survey indicates that boomers and millennials both choose plastic, but for the older cohort the word is “credit,” and for the younger it is “debit.” Both systems work well but boomers might point out to their juniors that using debit to the exclusion…

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How not to be a victim of fraud

Phishing illustration

Always remember, White Sands FCU (and any other financial institution) will never call you and ask for your account number, card number (including the CVV code on the back!), birthdate, social security number, or any other secure and sensitive information.  If a business, or individual contacts you and asks for this kind of information –do…

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7 tips to avoid identity theft

illustration ID theft

Every two seconds an American becomes a victim of identity theft. If the thought of having to clean up your credit report because someone stole your identity frightens you, and you don’t want to become another statistic; here are some tips to stack the odds in your favor. 1. A winning night, can turn into…

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