How to Protect Yourself from a Financial or Credit Scam

Although we tend to post resources pertaining to mortgage loans and real estate industry news, we thought this was a great topic to go hand-in-hand with financial security.

What is a financial or credit scam?

As you probably already know, your financial information is very valuable and private. This information includes account numbers, passwords and security questions that - if in the wrong hands - can allow someone else to access your financial accounts. A financial or credit scam may request information such as an account number, a username and/or password to allow someone to access and empty your bank account or charge up your credit cards with purchases. It can also include a scam which requests that you pay a scammer money.