How To Renegotiate A Loan When Your Credit Improves
If you've improved your credit score, you may be able to renegotiate your loan rate and terms with your lender. Find out how to renegotiate your loan.
Identity theft is a serious, active issue in Canada. It can lead to months, if not years, of both financial and legal struggle, countless court dates, and potentially severe financial loss. Identity theft occurs when your personal information is stolen by someone with criminal intent. These criminals typically look for any of the following information:
With a combination of this information, a criminal can apply for credit in your name, take out loans in your name, gain access to your banking and credit accounts and ultimately rack up a significant amount of debt in your name.
Watch this video and learn how to identify a loan scam.
It’s important to keep in mind that fraud can show up in a variety of different ways. The details of your experience with identity fraud will be different than someone else’s. That being said, there are several warning signs that everyone should be on the lookout for:
Unfortunately, the effects of having your identity stolen can wreak havoc on your finances for weeks, if not months, before you realize it. Because of this, we can’t emphasize enough that it’s much easier to implement a few changes into your financial habits than it is to solve the issues caused by identity theft.
Keep an eye out for this CRA scam.
If you believe that you are the victim of identity theft, here are the steps you should follow to make sure that the situation is dealt with as soon as possible.
Identity theft comes in all forms, from the most sophisticated computer viruses to the most simple of schemes. Criminals are able to steal your identity and then reap the benefits all within a short period of time. This is why it’s so important, now more than ever, to equip yourself with the information you need to help prevent identity theft.
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