Financial Safety
Avoiding Mortgage Fraud
Mortgage fraud is one of those types of swindles that you don't always think about or catch, but one you most definitely need to be aware of. If you simply verify the facts yourself and go in with a wary eye then you should be in good shape when it comes to selling or purchasing a home
Differences Between a Recession and a Depression
The differences between a recession and a depression come down to severity. A recession indicates a decline in GDP for a total of two or more consecutive quarters. A depression indicates a decline in GDP for over three years. A depression can also be defined as a decline in GDP of over 10%. Economic downturns are less severe today than historic downturns such as the Great Depression of the 1930s due to increased government spending and fewer bank failures.
How Safe Is Your Bank?
The federal government provides several safeguards to protect your savings and investments. The Federal Deposit Insurance Corporation (FDIC) is the logo to look for when choosing a bank. It provides assurance that your deposits are protected up to $250,000. There are also similar safeguards on credit unions and brokerage accounts.
If Someone Calls at Your Door to Sell Something
You know the feeling: It is a busy day, and suddenly a knock comes at the door. Someone is there to sell you something, and you're not sure if it is safe to trust the person.
Keeping Your Online Bank Accounts Safe
Online banking is taking the internet and money world by storm, but with this financial revolution there is also significant risk. Keeping your online bank accounts is paramount for the success of the online banking world, and if you can follow these few simple guidelines, you should be able to stay in control of your money and information.
Protect Yourself from Con Artists
There are people out there whose self-selected job it is to separate you from your hard-earned money. Protect yourself by learning how you can avoid and deal with con artists.
Recognizing Credit Counseling Scams
Credit counseling is a useful credit tool that can get you well on your way to a stable financial score, however you do need to watch out for scams and fraudulent activity. If you can simply do research and use caution when investigating credit agencies then you'll be able to protect your information and your financial reputation.
Recognizing Financial Scams
Financial scams can be found everywhere and if you're not careful you could find yourself in a tight financial bind because of fraud. If you can spot and consequently avoid scams however, you'll be in good control of your finances and recognizing financial scams actually isn't that hard.
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