We have talked about what identity theft is, and why it is bad. But what should I do if I am a victim of ID theft? As soon as you find out that you are a victim of identity theft, you need to take a few immediate steps. First, call the fraud department of …
When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …
Recently, I read about identity theft. But what exactly is identity theft? Identity theft or ID theft is when someone steals your personal or financial information and uses it to commit fraud, in your name. What kind or fraud? Why is identity theft so bad? ID theft can have a huge financial impact, since …
Introduction to Front Office, Middle Office and Back Office for Kids and Teens This video explains the concept of front office, middle office and back office in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about them, or used as a money & personal finance …
When I was reading about investment banks, I came across the terms buy side and sell side. But what does that mean? Buy side and sell side is a way of classifying investment banks based on the type of clients they represent, and the services they provide to those clients. Some investment banks can …
We’ve talked about the importance of periodically reviewing our credit report. But is there a way to get a copy of my credit report for free? Each credit bureau offers your credit report for a small fee, but yes, you can also get a copy of your credit report totally free through other avenues. …
Bank Transfer or ACH vs Wire Transfer for Kids and Teens This video does an ACH vs Wire Transfer comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about their similarities and differences, or used as a money & personal finance resource by parents …
Part 1: What is ACH Transfer, How Do ACH Payments Work, Different Types of ACH Transfers, Cost of ACH Payments Part 2: Advantages of ACH Transfers, Disadvantages of ACH Payments, Alternatives to ACH Transfers Introduction to ACH Transfer for Kids and Teens This video explains the concept of ACH transfer in a simple, concise …
What is a safe deposit box? A safe deposit box is a container—normally a metal box—that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? Even …
Part 1: What is Wire Transfer, How it Works, Types of Wire Transfers, Their Cost Part 2: Pros & Cons of Wire Transfers, Alternatives to Wire Transfers Introduction to Wire Transfers for Kids and Teens This video explains the concept of a wire transfer in a simple, concise way for kids and beginners. It could …