Financial Fraud is a growing problem affecting seniors disproportionately. It can be identity theft, medical identity theft, using a stolen credit card to make purchases, or other ways of usurping your identity to benefit themselves. Using your identity and credit score they may apply for a credit card, bank account, or even a mortgage. They can also bill medical insurers and payers for fictitious service they claim to have rendered.

Correcting these issues takes your time and energy. Make no mistake, reclaiming your or your loved one’s identity can take months. Anyone’s information can be compromised; yours, your child’s, your parents or siblings. The common denominator is, your identifying information is in the hands of someone intent on exploiting it and you.

Prevention is the best defense. Recognizing attempted scams, ID theft, and imposters as in advance is key. Failing that, report it as soon as you do spot it.

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