Guest post by Kacey Mya Bradley
There’s a certain way we’d like life to go and then there’s the way life actually unfolds. Trying to reconcile unforeseen challenges we face with the dreams we have, can be difficult but it is possible.
Here are possible situations life may throw at you, which you may not want but you have the ability to face and bounce back:
You become aware that someone has misused your credit card, bank account or another piece of personal information to commit fraud.
You aren’t the only one. The American Consumer Sentinel Network recorded nearly 500,000 complaints of identity theft in 2015.
If you think you’re a victim of identity theft or fraud, do not waste any time in taking action to stop it. It is important to act immediately as it can have negative financial and credit implications.
The first step is to contact the Federal Trade Commission to report your situation. You can do this online, over the phone or by mail.
This is a great opportunity to take a good solid look at your finances and credit cards. It is a reality check for what you spend, how you save and where your money goes. Take these circumstances as motivation to clean up your budgets and spending behavior — to keep better track of your spending and your credit score.
It’s suggested that identity theft can be avoided if you reduce how many credit and debit cards you carry around with you in your wallet or purse.
Rely more on credit cards because if money gets stolen via your debit card it isn’t necessarily retrievable. Do not use debit cards for shopping online because credit cards are better protected in cases of fraud.
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