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Money Talks: New Credit Freeze Encore

With identity and data theft on the rise, we’d like to suggest what you can do now and if you are informed of a data breach. 


Discussion:

  • Ida on the economy
  • COVID on the economy
  • how to get a credit report
  • what will they ask
  • why freeze creating new credit
  • after you freeze your credit
  • if your credit report is wrong
  • check your Social Security Information at ssa.gov


You might not be able to keep your data from being stolen but we’ve got tips on what to do if it is. These are tips anyone can use to protect their bank account, the retirement, their credit record. ? https://www.fultonbank.com/Education-Center/Privacy-and-Security/personal-data-breach-tips

  1. Change your passwords                
  2. Sign up for two-factor authentication
  3. Check for updates from the company
  4. Watch your accounts, check your credit reports
  5. Consider identity theft protection services
  6. Freeze your credit
  7. Identitytheft.gov


Cyber Security podcast from Aug. 9the 2019 http://moneytalks.mpbonline.org/episodes/money-talks-cyber-security


Check your credit report: https://www.consumer.ftc.gov/blog/2021/03/free-weekly-credit-reports-during-covid-extended-until-april-2022


Phone numbers for the 3 credit reporting bureaus:

Equifax:1 (888) 766-0008             

Experian:1 (888) 397-3742  

TransUnion:1 (800) 680-7289

More Episodes

9/13/2022

Money Talks: Student Loan Forgiveness

We’ve got a new angle on Student Loans to discuss today – the canceling of student debt. What’s the difference between canceling and forgiveness? Who is eligible and when? What happens after your debt is wiped away? We’ll discuss the new student debt elimination programs between your other personal finance questions.President Biden's plan to forgive federal student loan debt – up to $20,000 for Pell Grant recipients and up to $10,000 for others who qualify was announce last month.Borrowers are eligible for this relief if their individual income is less than $125,000 ($250,000 for married couples). No high-income individual or high-income household – in the top 5% of incomes – will benefit from this action. https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/What can borrows do now?Make sure your information is up to date with your loan servicer. To see who your servicer is: studentaid.gov/dashboard or call Federal Student Aid Information Center 1-800-433-3243Be ready to submit the online application with the Dept of Education: ed.gov/subscriptions Email alerts begin in October. After application is submitted, debt should be forgiven in 4 – 6 weeks. You should apply for forgiveness before Nov. 15th . The payment pause ends Deb. 31st, 2022To ensure a smooth transition to repayment and prevent unnecessary defaults, the pause on federal student loan repayment will be extended one final time through December 31, 2022. Borrowers should expect to resume payment in January 2023.The ability for public service workers to have debt forgiven has changed. Fixing the broken Public Service Loan Forgiveness (PSLF) program by proposing a rule that borrowers who have worked at a nonprofit, in the military, or in federal, state, tribal, or local government, receive appropriate credit toward loan forgiveness.To ensure borrowers are aware of the temporary changes, the White House has launched four PSLF Days of Action dedicated to borrowers in specific sectors: government employees, educators, healthcare workers and first responders, and non-profit employees. You can find out other information about the temporary changes on PSLF.gov.You must apply to PSLF for the waver before the temporary changes end on October 31, 2022. Check to see if you qualify for public service loan forgiveness (PSLF). Go to Studentaid.gov/pslf  to check to see if your employer qualifies: studentaid.gov/pslf/employer-searchIf you paid off your loans in full during the federal payment freeze, you are likely still eligible for both a refund and student loan forgiveness. You can request a refund of the payments you made during the pandemic and your balance will return to the pre-pandemic amount. https://www.forbes.com/advisor/student-loans/student-loan-payment-refunds/#:~:text=If%20you%20paid%20off%20your,to%20the%20pre%2Dpandemic%20amount.