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6 Ways to protect your identity in the wake of the Anthem breach


This has been an extremely difficult week for consumers everywhere. Anthem, the second largest health insurer in the US, announced that sophisticated criminals perpetrated a daring cyber theft of at least 80 million consumer records from their databases.   Anthem is warning consumers that phishing scams related to this data breach are targeting current and past covered members. Tax preparation giant Turbotax® announced that it is temporarily suspending State tax e-file services nationwide as a result of fraudulent activity that most certainly involves identity theft as a means to tap into the tax refunds of innocent tax-paying US citizens.   Quick Fraud Facts As many as 1.84 million people may have been affected by medical identity theft in 2013, according to the … [Read more...]

Will the Fiscal Cliff Impact your FICO Score?


Right now, everyone is talking about the “fiscal cliff” - the potential crisis that will occur if our elected lawmakers are unable to extend tax cuts and avert millions of dollars in spending cuts that will take effect in the New Year.   As the deadline approaches, you may be wondering what impact, if any, would the fiscal cliff have on your FICO Score?   The good news is that there is no direct effect on the score associated with the main factors driving the potential fiscal cliff.  Your income and the amount of taxes you pay are not considered in the calculation of your FICO Score.   However, the failure to extend the tax cuts and/or avert spending cuts could have a negative indirect effect on credit scores.  Most experts agree that just about every … [Read more...]

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