Your coaches introduce the topic of financial fraud.
In addition to learning about money safety, you also need to understand fraud — the many ways in which dishonest people may try to take your money.
I couldn’t agree more. If criminals get their hands on your credit, debit, or ATM cards, or your personal financial information such as account numbers, passwords, or Social Security number, they can drain your bank accounts or make charges to your credit cards. They might also commit a crime called identity theft by taking out loans and obtaining credits cards and even driver’s licenses in your name.
Millions of people have been identity theft victims in the United States. Identity theft can seriously damage your credit and financial reputation, and it could take years to restore your good credit and name. Don’t let it happen to you!
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