As you work through the homebuying and loan application process, be aware that large financial transactions, such as a home purchase, can make you a target for fraud. It’s important to know how to protect yourself against identity theft and other types of fraud. Scammers may pose as third-party companies and attempt to appear as though they are involved with your transaction. Here are some recommendations to keep your information safe when transferring funds for a large real estate purchase:
Personal Finance
How to Protect Your Credit From Identity Theft
If you are concerned about protecting your financial information from identity theft and data breaches, it’s important to know your options. While credit monitoring and fraud alerts indicate suspicious activity and provide added security, they may not offer enough protection. Placing a freeze on your credit (also known as a security freeze) can add an extra layer of protection against criminal activity. Here’s what you need to know: