Everyone faces the reality of paying monthly dues for facilities and other services that both families and individuals use. Keeping track of all the receipts, notices and checks can either be enjoyable or difficult depending on your interest. Paying bills on time can be challenging for people who have health problems or other physical challenges. Financial services companies, banks, accountants and bookkeepers can help with you manage your money. Senior citizens can get the assistance of these institutions. In addition, doing so lessens the chances of being cheated and other payment errors.
Other options include getting the services of bookkeepers or accountants. Banks also allow for their depositors to conduct pre-authorized bill payments where in the amount due is automatically deducted from your account on a specific date. There is a two-point advantage because fewer errors are made and payment is made on time.
One important issue is the protection of your financial assets from unfair business practices and fraud. More senior citizens are becoming the target for scams, according to recent studies. However, experts concur that informed consumers are better equipped to spot misdealing and have a better chance of not being victims of these. The best way of protecting one's self is through staying educated especially on the most common forms of deception. Be suspicious of bogus lotteries and charities, phony surveys, home repair swindlers and other door-to-door scams.
People who are out to deceive can sometimes work in teams near ATM machines. A technique they use is to tell an individual that they've dropped something and while turning to reach for the said object, the cards might be swapped. Another person will be observing while you enter your PIN afterward. Each time you insert or swipe the card, make sure that it has your name printed on it. Repeat this after the transaction has been made and you're about to return it to your wallet. Some strangers will also try to help when they sense that you are having difficulty with the machine. Be aware of these persons.
Your PIN should not be given to any government employee, law enforcement officer, family and friends. When it is not revealed to anyone else, it can be the most efficient way of protecting yourself against dishonest traps. Even when a relative needs to transact financial activities for you, discuss another option with your bank. If you have the slightest suspicion that someone else knows your PIN, change it immediately. While using the ATM machines, cover the keypad when entering your personal combination and keep the card within sight.
Other options include getting the services of bookkeepers or accountants. Banks also allow for their depositors to conduct pre-authorized bill payments where in the amount due is automatically deducted from your account on a specific date. There is a two-point advantage because fewer errors are made and payment is made on time.
One important issue is the protection of your financial assets from unfair business practices and fraud. More senior citizens are becoming the target for scams, according to recent studies. However, experts concur that informed consumers are better equipped to spot misdealing and have a better chance of not being victims of these. The best way of protecting one's self is through staying educated especially on the most common forms of deception. Be suspicious of bogus lotteries and charities, phony surveys, home repair swindlers and other door-to-door scams.
People who are out to deceive can sometimes work in teams near ATM machines. A technique they use is to tell an individual that they've dropped something and while turning to reach for the said object, the cards might be swapped. Another person will be observing while you enter your PIN afterward. Each time you insert or swipe the card, make sure that it has your name printed on it. Repeat this after the transaction has been made and you're about to return it to your wallet. Some strangers will also try to help when they sense that you are having difficulty with the machine. Be aware of these persons.
Your PIN should not be given to any government employee, law enforcement officer, family and friends. When it is not revealed to anyone else, it can be the most efficient way of protecting yourself against dishonest traps. Even when a relative needs to transact financial activities for you, discuss another option with your bank. If you have the slightest suspicion that someone else knows your PIN, change it immediately. While using the ATM machines, cover the keypad when entering your personal combination and keep the card within sight.
About the Author:
The victim of identity theft can suffer adverse consequences if they are held accountable for the perpetrator's actions. Identity theft occurs when someone uses your personally identifying information, like your name, Social Security number, or credit card number, without your permission, to commit personal financialcriminal identity theft or other crimes
No comments:
Post a Comment