What are closing costs and how can I reduce them?

What are closing costs and how can I avoid themmtg-closing-costs-header-blogWhen you’re planning on buying your first home, you’ve probably considered the amount you need to save up for your down payment, but that may not be all you need to pay. To finalize your home purchase, there will be a variety of closing costs required to finalize the deal. Read more ›

Posted in: Mortgages & Home Buying, Personal Finance

How to protect yourself from credit card fraud

How to protect yourself from credit card fraudCredit card fraud and identity theft are always a risk, no matter how careful you are with your personal information. But you shouldn’t wait until you run into trouble to start thinking about how to protect yourself from fraud. With some common sense precautions, you can reduce your chances of running into problems.

Be careful with your data

You probably know that you need to be careful with your credit card numbers, but any piece of information can make it easier for a thief to get access to more information—which could let them steal anything from your credit cards to your identity. Read more ›

Posted in: Avoiding Scams & Fraud, Credit Cards, Personal Finance

Stay Ahead of Card Fraud with PenFed Card Security Text Alerts

Stay ahead of card fraud with PenFed Card Security Text Alerts

When your card security is at risk, every minute counts. That’s why PenFed has a quick, convenient way to alert you so that you can verify your purchase activity when suspicious activity is detected on your PenFed Visa or MasterCard credit and debit card accounts.

PenFed’s new Card Security Text Alerts are designed to help you quickly confirm ownership of purchase activity on your account, in near real time. Read more ›

Posted in: Avoiding Scams & Fraud, Credit Cards, Personal Finance

Savvy banking services you should be using now to protect yourself from credit card fraud

Savvy banking services you should be using now to protect yourself from credit card fraudThough there are plenty of common sense tips that can help you avoid credit card fraud and identity theft, there are some services your financial institution may offer that could help, too.

Some of these high-tech features can stop fraud in its tracks; and considering how much trouble credit card fraud can be, you may find these services to be worthwhile—even if they come at an extra cost. However, you’ll find that a lot of the best tools to help protect you from fraud are free and may already be offered by your financial institution.

So if you’re worried about fraud, here are some features you should ask your bank or credit union about. Read more ›

Posted in: Avoiding Scams & Fraud, Credit Cards, Personal Finance

Common fraud schemes and how to avoid them

Common fraud schemes and how to avoid themIt’s no secret that thieves and hackers want your personal information, but if you’re familiar with some of the more common theft scenarios, you’ll also know how to avoid them.

We’ll walk you through different ways your information might be stolen so that you know how to protect yourself.

Be mindful of your wallet to avoid physical theft: While you might think that all credit card theft is digital, there are plenty of low-tech ways someone could get their hands on your card, cell phone, or other personal information. This doesn’t even necessarily mean that someone has plucked your wallet out of your pocket. Thieves can easily take advantage of our own absentmindedness to grab something left on the table of a restaurant or the like. The solution, of course, is to keep your eyes on your personal belongings. Make sure you are not leaving things behind, and that your most important belongings are securely stored when you’re on the go. Read more ›

Posted in: Avoiding Scams & Fraud, Credit Cards, Personal Finance

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