Geneva Verdeja
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Geneva is the Marketing & Events Coordinator at Ideal Credit Union. She has been an employee for Ideal CU for more than 20 years. Her key role is to connect with members in the community about Ideal CU through different platforms.

Some of Geneva’s hobbies include finding recipesand testing them out for her family, watching her three children play ALL the sports, and of course binge watching her favorite shows.

What Timeshare Owners Need to Know About Timeshare Scams



Timeshare Scams: A Growing Threat

Imagine this: you're nearing retirement, looking to downsize or simplify your life and there's a timeshare property you've owned for years. Out of the blue, you receive a call from a seemingly professional company promising to help you sell your timeshare for a tempting price. The call may even seem to be from a reputable company that you are familiar with. After payments are made, the company becomes unreachable, leaving owners financially compromised and without a buyer. This scenario is becoming increasingly common as timeshare scams rise across the country, with more than 6,000 victims reporting more than $300 million in losses to the FBI over the last 5 years. 

 

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How Freezing Your Credit Can Save Your Credit Score

Credit Freezes and Their Importance

Understanding the significance of a credit freeze is crucial in protecting your financial identity. A credit freeze, also known as a security freeze, is a preventive measure that restricts access to your credit reports. This makes it harder for identity thieves to open accounts in your name because most creditors require access to a credit report before approving new credit. Even if a thief has your personal information, a freeze will stop them from utilizing this data to open fraudulent accounts. Credit freezes are now federally mandated to be free and you can place or lift them within an hour, all without affecting your credit score​​.

 

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When Fraud Comes Close to Home: A Personal Story Behind the Statistics



When Fraud Hits Close to Home

Fraudulent schemes usually feel distant until they happen right in front of us. This blog details the personal experience of a senior vice president (SVP) at Ideal Credit Union, whose own close encounter with a scam underscores the pervasive and insidious nature of fraud. Here, we explore how easily anyone can become a target, even those well-versed in the mechanisms of financial deception.

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The Goals and Consequences of Smishing Scams

Understanding the Scammer's Intent

Though smishing is a recently invented and silly-sounding word, the potential fallout of such a scam is considerable. Smishing, a mix of "SMS" and "phishing," is a type of phishing scam conducted through text messages. Smishing scams aim to exploit the unguarded attitude people often feel with their smartphones, capitalizing on the trust and urgency that text messages often carry.

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