 College can be a great time for young people to learn healthy financial habits. Unfortunately, they are at a higher risk for identity theft. Parents should guide their college students to take precautions to protect their identity and financial future. Here are a few tips to pass along to your college students:
- Have sensitive mail sent to parent's home address.
- Never loan a credit card or debit card to anyone.
- Review your credit report three times a year for free at annualcreditreport.com.
- Remove your name from mailing lists for pre-approved credit card offers at optoutprescreen.com.
- Keep important documents such as passports, birth certificates, and financial account statements in a fire proof safe.
- Set up email or text message account transaction alerts for credit cards and debit cards.
- Make online passwords long and use a mix of letters, numbers and characters.
- Install antivirus and spyware software on your personal computer and require a password to access your computer and Smartphone.
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