WEBVTT - How To Avoid A Stolen Identity (BA Q&A) 0:00:05.240 --> 0:00:09.159 It's time for the b a q a a to 0:00:09.200 --> 0:00:11.040 b a q a, which. 0:00:10.840 --> 0:00:14.000 Is said the ba q it would mandate the b 0:00:14.280 --> 0:00:19.400 a q a tiffin a the b a qa a. 0:00:19.960 --> 0:00:20.920 Hey manjer how you doing? 0:00:21.640 --> 0:00:23.560 I can't wait to get into these questions. I look 0:00:23.600 --> 0:00:26.560 forward to this Friday episode so so much. And y'all 0:00:26.600 --> 0:00:29.280 are so generous sending us in your questions. I feel like, 0:00:29.880 --> 0:00:31.720 while you're at it, why not go to iTunes and 0:00:31.760 --> 0:00:33.159 leave us the review because you know how much we 0:00:33.280 --> 0:00:34.680 charge to answer your questions. 0:00:36.040 --> 0:00:36.479 Zero? 0:00:36.400 --> 0:00:39.839 Do you know what I'm saying, So if you have 0:00:39.920 --> 0:00:42.760 a moment, go to iTunes, leave us a review or 0:00:42.760 --> 0:00:45.040 whatever they call it now Apple podcasts, leave us the 0:00:45.080 --> 0:00:47.760 review please do. We read them all and they matter 0:00:48.000 --> 0:00:51.680 so so much, and we just want to flood the 0:00:51.760 --> 0:00:54.920 review system in the Apple algorithm, so they just know 0:00:54.960 --> 0:00:56.720 that ba Faan is here and always. 0:00:57.640 --> 0:00:59.360 Quick mandra Remember we said we're going to do. 0:00:59.320 --> 0:01:03.680 That read oh reviews? Yeah, oh okay, yeah, absolutely. 0:01:03.360 --> 0:01:05.480 Just tell the girls so we'd like you, you know, shop. 0:01:05.600 --> 0:01:07.320 Why not let's do one right now? 0:01:07.400 --> 0:01:09.120 Okay? This one? 0:01:09.280 --> 0:01:11.440 Oh, it was just from this past week. Happy Listener 0:01:11.480 --> 0:01:13.640 two thousand and nine said, it's been an it's an 0:01:13.720 --> 0:01:16.800 inspiring conversation. It's been great to see this podcast evolve. 0:01:17.200 --> 0:01:20.080 I enjoy the I enjoy the current format of a 0:01:20.120 --> 0:01:22.120 longer topic covered Wednesday and shorter Q. 0:01:22.240 --> 0:01:23.759 And a Friday. That's us right now. 0:01:24.400 --> 0:01:26.640 I can't believe how much has happened from Mandy and 0:01:26.680 --> 0:01:29.440 Tiffany over time. Thank you both for being open, honest, 0:01:29.480 --> 0:01:31.880 and vulnerable through the good and not so good times. 0:01:31.959 --> 0:01:34.360 I've learned. I've learned so much from the podcast. In 0:01:34.400 --> 0:01:38.679 Tiffany's book, Keep Teaching. Wow, I needed to hear that 0:01:38.720 --> 0:01:42.240 little pep talk right before I buried my soul on 0:01:42.360 --> 0:01:46.120 this episode. So on this Wednesday episode and then another 0:01:47.280 --> 0:01:51.680 from last week as well. From the Willie thirty says, 0:01:51.680 --> 0:01:54.480 I absolutely love my girls, Mandy and Tiffany. This podcast 0:01:54.520 --> 0:01:56.760 is very informative, fun and just real life. 0:01:56.960 --> 0:02:00.960 Oh I love that woe. If you guys do reviews, 0:02:00.960 --> 0:02:04.400 who my regial here? Read it a good way? You know. 0:02:06.000 --> 0:02:06.120 Not? 0:02:06.360 --> 0:02:08.720 God keep remind us while we do this ba faan. 0:02:08.880 --> 0:02:11.560 But let's get into the questions because we do have 0:02:11.639 --> 0:02:13.359 some juicy money questions. 0:02:13.919 --> 0:02:17.919 Quick disclaimer, right, Remember guys, we are not your attorney advisor, 0:02:18.240 --> 0:02:19.920 We're not your doctor. 0:02:20.240 --> 0:02:20.640 Lawyer. 0:02:20.960 --> 0:02:26.240 None of the we are too smart asorable, beautiful, even 0:02:26.560 --> 0:02:30.880 brown girls on the interwebs. You like answering business, career 0:02:30.919 --> 0:02:32.680 and money questions, so you gotta take it with the 0:02:32.720 --> 0:02:35.239 smallest grain of salt and lean into the people you pay. 0:02:35.360 --> 0:02:38.919 Okay, okay, I love it. Thank you for that, Tiffany 0:02:39.040 --> 0:02:44.240 keeping us out of a courtroom drama every Friday. All right, 0:02:44.320 --> 0:02:46.919 let's start with listener who just wants to go buy 0:02:47.000 --> 0:02:50.440 tea houses sing Hello ladies. Tea says, it is such 0:02:50.480 --> 0:02:53.359 a pleasure writing you. I've been a listener for many years, 0:02:53.360 --> 0:02:55.240 and I look forward to hearing from y'all two times 0:02:55.280 --> 0:02:59.200 a week. From a fellow listener, Romla's question back in 0:02:59.320 --> 0:03:02.640 January on the BAQ and A made me think about 0:03:02.639 --> 0:03:05.079 my own financial situation. We got we should have looked 0:03:05.120 --> 0:03:08.720 up Romo's question. Anyhow, A series of life events has 0:03:08.760 --> 0:03:11.320 taken my credit score from a forty five and twenty 0:03:11.400 --> 0:03:14.240 twenty one to six oh five today. Now that I'm 0:03:14.280 --> 0:03:16.239 in a position to pay off my debts and repair 0:03:16.280 --> 0:03:19.840 my credit score, I wonder do I pay off balances 0:03:19.880 --> 0:03:22.480 in one lump sum payment or spread them out so 0:03:22.560 --> 0:03:26.120 as to show a record of regular study. Payments. Thank 0:03:26.160 --> 0:03:29.280 you very much, looking forward to your advice and insights. 0:03:29.720 --> 0:03:31.840 Do I know you all over this Tiffany. 0:03:31.560 --> 0:03:35.200 Girl, because just last night remind them well and me 0:03:35.280 --> 0:03:37.360 and my friend the Tiva, the credit Nista, so you know, 0:03:37.360 --> 0:03:40.160 on the budget Budgetnissa and the credit Nista. She literally 0:03:40.160 --> 0:03:42.080 is the smartest person I know about credit. I mean 0:03:42.160 --> 0:03:44.440 she goes to like the government meetings, she goes to 0:03:44.440 --> 0:03:47.040 the trainings, all things credit is. She taught a class 0:03:47.160 --> 0:03:49.440 just last night, so it's fresh in the cranium, if 0:03:49.480 --> 0:03:51.040 you will, and. 0:03:50.880 --> 0:03:52.880 In native is here. I feel very confident. She was, 0:03:52.960 --> 0:03:53.800 like put it off. 0:03:54.080 --> 0:03:57.480 She said basically that yes, I understand having kind of 0:03:57.520 --> 0:04:00.560 like showing that, yoh, you're making your payments monthly. Although 0:04:00.600 --> 0:04:04.760 there's a benefit to that, that the bigger benefit is 0:04:05.880 --> 0:04:09.720 I'm assuming that if your score dropped that low is 0:04:09.760 --> 0:04:14.440 because you're carrying over thirty percent of like your utilization. 0:04:14.560 --> 0:04:18.160 Utilization is how much credit you could borrow versus how 0:04:18.279 --> 0:04:20.279 much credit you are borrowing. So let's just say you 0:04:20.279 --> 0:04:23.200 have a credit card one hundred dollars limit and you 0:04:23.240 --> 0:04:27.400 have a ninety dollars balance. Your utilization is ninety percent 0:04:27.440 --> 0:04:30.120 on that card, and so utilization is thirty percent of 0:04:30.160 --> 0:04:33.560 your score and payment history is thirty five percent. And 0:04:33.600 --> 0:04:35.480 so what you're thinking about is like, oh, I can, 0:04:35.760 --> 0:04:38.320 I can pay off you know regularly, But the problem 0:04:38.400 --> 0:04:42.440 is it will keep your utilization. I'm assuming, based upon 0:04:42.480 --> 0:04:45.200 how far you dropped at such a high place that 0:04:45.279 --> 0:04:48.280 it offsets any benefit from paying regularly over the next 0:04:48.320 --> 0:04:50.120 few months. So what I would do is and I'm 0:04:50.160 --> 0:04:51.800 assuming this is what in the tip would suggest as well, 0:04:51.800 --> 0:04:54.200 because she said it like last night on our course 0:04:54.320 --> 0:04:58.200 class together, is to pay that bad boy off. In 0:04:58.240 --> 0:05:01.400 doing so, you should see a lump a jump fairly 0:05:01.480 --> 0:05:05.039 quickly in doing so. That like having so, Nativa said 0:05:05.040 --> 0:05:06.839 something really interesting. I know you've heard that, I've said 0:05:06.839 --> 0:05:09.919 this rule before, and she said that it's a bit outdated, 0:05:10.000 --> 0:05:13.640 this thirty percent rule where you want to keep your 0:05:13.680 --> 0:05:17.560 credit balance under thirty percent of the limit. And she 0:05:17.680 --> 0:05:24.080 said that actually that it came directly from the credit bureaus, 0:05:24.720 --> 0:05:26.719 that they weren't being so literal. 0:05:27.200 --> 0:05:28.359 They basically were. 0:05:28.279 --> 0:05:31.119 Like, well, you really don't want to go over thirty 0:05:31.160 --> 0:05:34.200 percent of what someone has lent to you. But that's 0:05:34.240 --> 0:05:36.279 not a hard and fast rule that if you're close 0:05:36.320 --> 0:05:38.719 to thirty percent, it is bringing down your score still, 0:05:39.279 --> 0:05:40.839 and so she was really like, you want to be 0:05:40.960 --> 0:05:43.560 in that five to ten percent and then paying it 0:05:43.560 --> 0:05:46.240 off every month in full and even lower. If you 0:05:46.279 --> 0:05:48.039 want to see your score moved, you want to be 0:05:48.040 --> 0:05:49.840 in the one to two percent, like one to three 0:05:49.880 --> 0:05:53.159 percent space. So really you want to be basically paid 0:05:53.160 --> 0:05:54.840 off every month. Yes, go ahead, man, it's Tiffany. 0:05:54.839 --> 0:06:00.280 Can I share? I think I talked about I out 0:06:00.279 --> 0:06:03.000 a zero percent balance transfer card for some credit card 0:06:03.000 --> 0:06:04.520 debt while I was launching the business. I was like, 0:06:04.560 --> 0:06:06.240 let me just move this over and keep my cash 0:06:06.279 --> 0:06:09.919 flow a little bit better. And I will attest to that, 0:06:09.960 --> 0:06:12.839 because my credit score did drop while I had that 0:06:13.160 --> 0:06:17.520 credit that balance transfer in the balance transfer promo period. 0:06:17.520 --> 0:06:19.400 It is going to be up in this coming November, 0:06:19.440 --> 0:06:21.880 so next month, and I was so petrified because I 0:06:21.920 --> 0:06:24.120 knew there was a deferred interest clause and I was 0:06:24.160 --> 0:06:26.000 not petrified, but I'm just like, I'm going to pay 0:06:26.000 --> 0:06:26.240 it off. 0:06:26.240 --> 0:06:27.000 I'm going to pay it off. 0:06:27.000 --> 0:06:29.000 But because I wanted my cash flow to be fine, 0:06:29.040 --> 0:06:30.120 I was like, I'm going to do it in one 0:06:30.160 --> 0:06:33.040 limp sum, you know, when we get closer. And I 0:06:33.080 --> 0:06:36.080 finally did, and yeah, my credit score jumped like twenty 0:06:36.160 --> 0:06:36.920 five points. 0:06:36.960 --> 0:06:37.560 That's huge. 0:06:37.640 --> 0:06:39.760 I think I was still like I was at seven hundred, 0:06:40.279 --> 0:06:41.760 and I think it's back up to the high seven 0:06:41.880 --> 0:06:43.520 not even twenty five, maybe more it's back up into 0:06:43.520 --> 0:06:46.600 the high seven hundred. So for sure, when you pay 0:06:46.640 --> 0:06:49.159 it down that big lump sum, it is an instant 0:06:49.640 --> 0:06:51.120 boost to your. 0:06:54.000 --> 0:06:54.880 To your credit score. 0:06:55.080 --> 0:06:56.360 Yeah, and I just want to say, you know what, 0:06:56.400 --> 0:06:58.840 congratulations to you, because I know you probably took like 0:06:58.880 --> 0:07:02.039 an emotional hit from forty five, which is you're only 0:07:02.080 --> 0:07:04.640 five points away from literally like the top score as 0:07:04.640 --> 0:07:08.680 far as Freco is concerned, to six oh five, which 0:07:08.760 --> 0:07:10.840 you know is really considered a credit score that's not 0:07:10.840 --> 0:07:11.720 doing quite as well. 0:07:11.960 --> 0:07:14.320 So to be able to get yourself. 0:07:13.920 --> 0:07:15.680 And together to a position where you could pay it 0:07:15.720 --> 0:07:17.560 off in full, that's not a small thing. So I 0:07:17.600 --> 0:07:20.200 hope you take a moment to say, snaps all around 0:07:20.200 --> 0:07:23.480 for me. I did it, and my name's T That's 0:07:23.600 --> 0:07:28.520 what I did for you. Thanks for sharing tea. So 0:07:28.560 --> 0:07:30.120 we take a quick break. Oh, I want to do 0:07:30.160 --> 0:07:32.240 a little segment, but we're gonna talk about we come 0:07:32.280 --> 0:07:35.080 back called what do we say? Look, I forgot already, like, well, 0:07:35.080 --> 0:07:36.400 we're gonna when we come back, we're gonna take a 0:07:36.400 --> 0:07:38.680 break and then we're gonna Reremember. 0:07:38.520 --> 0:07:40.560 She's gonna tell me, so I remember. 0:07:42.320 --> 0:07:43.960 When we write back for a break, and we'll be 0:07:44.000 --> 0:07:49.040 back in a moment. Okay, we're back, but my memory 0:07:49.080 --> 0:07:50.600 is still on that back. Remember when we take them 0:07:50.640 --> 0:07:53.680 Wednesday episode, you and I were just kind of sharing 0:07:53.720 --> 0:07:57.040 all of our financial shenanigans, and we said, sometimes I 0:07:57.080 --> 0:07:58.040 don't need you to fix it. 0:07:58.080 --> 0:08:00.560 I just want to be able to like say the thing. 0:08:01.200 --> 0:08:04.960 Oh yes, yes, just like just say the thing out loud, 0:08:05.120 --> 0:08:07.800 and to do like a word vomit. And you don't 0:08:07.800 --> 0:08:10.400 you don't want a solution, You're just wanting to get 0:08:10.400 --> 0:08:11.119 it off your chest. 0:08:11.160 --> 0:08:13.920 And it's a lighter share the burden. So like, what 0:08:13.960 --> 0:08:14.520 should we call that? 0:08:14.520 --> 0:08:15.800 Because I think that would be nice every once in 0:08:15.800 --> 0:08:17.640 a while to do like get it off your chest. 0:08:17.560 --> 0:08:21.040 Or okay, you be a confessional. 0:08:23.400 --> 0:08:27.960 A journalist and whatever. I love that. So we're gonna 0:08:27.960 --> 0:08:29.840 start like a first of all, me and Madi would 0:08:29.840 --> 0:08:31.600 likely forget. But what are we going to read them? 0:08:32.080 --> 0:08:34.680 I think so because so when no name is always anonymous, yeah, 0:08:34.679 --> 0:08:37.079 always anonymous, and so you know, don't put like well 0:08:37.160 --> 0:08:40.240 I live in New Jersey on and I have three. 0:08:40.360 --> 0:08:46.000 Like, so Tiffany, stop that and Mony cut that out. 0:08:46.720 --> 0:08:47.560 You did it again. 0:08:48.080 --> 0:08:50.199 It's like the intrusive thought keeps coming. 0:08:51.000 --> 0:08:53.880 It's like, okay, so make sure that you don't have 0:08:53.960 --> 0:08:57.360 any things in there. Like I work at IBM next 0:08:57.360 --> 0:08:59.880 to my friend Melissa and she gets on my no, Like, 0:09:00.120 --> 0:09:02.080 you want to make sure that whatever your confessional is 0:09:02.920 --> 0:09:05.640 in the it makes market be a confessional. So we 0:09:05.720 --> 0:09:07.320 know this means you just want us to read it 0:09:07.360 --> 0:09:09.800 out loud because you just want someone to tell you 0:09:09.840 --> 0:09:11.240 just want to bring it out, and we're not going 0:09:11.280 --> 0:09:13.720 to offer any feedback, any anything. 0:09:13.720 --> 0:09:16.480 We're just going to read it without judgment, without comment. Okay. 0:09:16.520 --> 0:09:18.920 Sometimes you just if you listen to our Wednesday episode 0:09:18.960 --> 0:09:21.200 prior me and Mandy, just like we had. 0:09:21.120 --> 0:09:23.520 Our confessionals ourselves, So go ahead and listen. 0:09:23.880 --> 0:09:27.000 And so sometimes you're in a shitty situation and even 0:09:27.040 --> 0:09:28.880 you know how to get out of it. Yeah, the 0:09:28.920 --> 0:09:30.520 thing is like I know how to get out. I 0:09:30.600 --> 0:09:32.800 know exactly what I need to do as far as 0:09:32.800 --> 0:09:35.880 my own business, financials and taxes and all that kind 0:09:35.920 --> 0:09:38.000 of stuff. But it doesn't make that going through it 0:09:38.040 --> 0:09:40.440 any less hard. And people don't know that you're going 0:09:40.440 --> 0:09:43.160 through it, so saying it out loud, it just it 0:09:43.240 --> 0:09:45.800 doesn't fix the problem, but it makes you feel lighter. 0:09:45.880 --> 0:09:49.160 I feel lighter having told Tiffany and you know, thousands 0:09:49.160 --> 0:09:51.920 of y'all who are listening, it didn't mean to know 0:09:52.000 --> 0:09:54.080 my business, but here you are. And that's the promise 0:09:54.120 --> 0:09:57.520 I made you when I heard this show. Yeah, so 0:09:57.600 --> 0:09:59.760 we hope that that will, you know, give you a 0:09:59.800 --> 0:10:02.880 place to just whisper your little dirty financial secrets. Yeah, 0:10:03.520 --> 0:10:05.520 tell us about the debt that you got. You don't 0:10:05.559 --> 0:10:08.160 have to be perfect for us, you know, be vulnerable, 0:10:08.240 --> 0:10:08.880 like show us. 0:10:08.760 --> 0:10:11.440 Out that because that like that thing you bought that 0:10:11.480 --> 0:10:14.000 your your partner is like what that they don't know? 0:10:14.440 --> 0:10:17.600 We want to know that you want to know or 0:10:17.880 --> 0:10:21.319 you know, did you hide something from your partner that 0:10:21.400 --> 0:10:26.679 you bought. I might have decreased the price of that 0:10:26.760 --> 0:10:30.080 pottery pottery barn bedding by about two hundred dollars. One 0:10:30.160 --> 0:10:32.640 husband asked me how much it was. Why does it matter? 0:10:33.480 --> 0:10:34.120 We need it? 0:10:35.200 --> 0:10:37.479 Yes, I love that be a confessional. 0:10:38.800 --> 0:10:40.280 One of the things I learned from my business coach 0:10:40.360 --> 0:10:43.960 Zion and even my therapist doctor Green, is that one 0:10:44.000 --> 0:10:46.319 of the ways to release shame is to give voice 0:10:46.360 --> 0:10:48.240 to it. And so we want to just get provide 0:10:48.240 --> 0:10:49.480 a space so you can give voice to some of 0:10:49.480 --> 0:10:50.640 the things that you might be ashamed of. 0:10:50.800 --> 0:10:51.840 Because we're not going to judge you here. 0:10:51.840 --> 0:10:53.960 We're going to read it and be like, well, I 0:10:53.960 --> 0:10:56.319 hope you take a USA and a and a breather, 0:10:56.440 --> 0:10:58.839 and I hope that hearing your confession out loud gave 0:10:58.880 --> 0:11:00.760 you a little bit of like, because sometimes hearing it 0:11:00.800 --> 0:11:02.320 out like you like, it's actually not as it's not 0:11:02.360 --> 0:11:06.040 as crazy as I thought. So yeah, so be a confessional. 0:11:06.040 --> 0:11:07.600 We don't have one this week, but you know, we 0:11:07.640 --> 0:11:08.920 want to start to add that in every once in 0:11:08.960 --> 0:11:10.560 a while when you guys, you know, just make sure 0:11:10.559 --> 0:11:13.120 you market be a confessional so we know that you're 0:11:13.120 --> 0:11:15.439 not wanting solutions. You just want to you want to 0:11:15.440 --> 0:11:17.160 give voice to something that's happening to you. 0:11:17.880 --> 0:11:22.120 Yes, I love that, all right, next question, Next question, 0:11:23.200 --> 0:11:24.120 you're gonna read this one. 0:11:24.400 --> 0:11:28.280 Yes, this is from Okay. This doesn't say but I 0:11:28.320 --> 0:11:29.960 was like, I think I cased her name. Hey Robin, 0:11:30.440 --> 0:11:33.200 she says, Hey, ladies, question for you. I'm in the 0:11:33.240 --> 0:11:36.320 process of signing up with a new internet provider Kai, 0:11:36.880 --> 0:11:39.600 I'm being offered ten dollars off my monthly bill if 0:11:39.640 --> 0:11:42.920 I set up direct debit from a bank account. I've 0:11:42.960 --> 0:11:45.760 noticed this is becoming a trend. It is, and I'm 0:11:45.800 --> 0:11:49.200 tempted to set up checking a checking account specifically for 0:11:49.280 --> 0:11:52.480 only these types of transactions to take advantage of the discounts. 0:11:52.480 --> 0:11:54.800 Okay, thoughts, PS, This. 0:11:54.720 --> 0:11:57.280 Comes from a place of being super freaked out about 0:11:57.320 --> 0:11:58.920 information and identity theft. 0:11:59.160 --> 0:12:03.800 Thank you you guys. Hear heart, heart heart. So what 0:12:03.920 --> 0:12:06.040 you say, Mandy, Well. 0:12:06.240 --> 0:12:08.560 I think it's interesting and kind of strange that they 0:12:08.600 --> 0:12:13.880 are incentivizing a debit transaction. I'm guessing it's because they 0:12:13.880 --> 0:12:17.480 don't want the processing fees that credit card issuers charge them, 0:12:17.520 --> 0:12:19.560 and they're trying to think about their bottom line and 0:12:19.559 --> 0:12:23.160 what's best for them. And you know, ten bucks honestly 0:12:23.960 --> 0:12:25.160 is a lot of money when you think about it. 0:12:25.360 --> 0:12:26.440 I mean it could be like ten I feel like 0:12:26.440 --> 0:12:28.920 that's ten percent of the average credit I mean, not 0:12:29.000 --> 0:12:30.800 credit card cable bill in hundred. 0:12:30.600 --> 0:12:32.400 Dollars eighty seven or eighty. 0:12:32.559 --> 0:12:34.960 Yeah, and if you want premium channels, you want Telemundo, 0:12:35.040 --> 0:12:35.839 that's cost extra. 0:12:36.080 --> 0:12:38.240 That's my in laws. Yeah. 0:12:38.280 --> 0:12:41.640 So I can see how that could be tempting. I 0:12:41.720 --> 0:12:44.520 think in this case, if you have a bank account, 0:12:44.559 --> 0:12:47.079 that will just allow you to create for free an 0:12:47.120 --> 0:12:50.480 extra bank account. You could always sorry, I created like 0:12:50.559 --> 0:12:53.160 if you have a checking account, for example, you could 0:12:53.280 --> 0:12:56.439 create another sub checking account and it wouldn't cost anything, 0:12:56.480 --> 0:12:59.400 but you get a new account number and a separate thing. 0:12:59.520 --> 0:13:01.959 And then as far as like if you're worried about 0:13:02.040 --> 0:13:05.160 identity theft and then getting or taking your identity and 0:13:05.160 --> 0:13:07.760 then emptying your checking account, which is a real thing 0:13:07.800 --> 0:13:11.680 that can happen, and unfortunately when they take your cash, 0:13:11.720 --> 0:13:15.240 it's like you may have some protection through your you know, 0:13:15.320 --> 0:13:19.640 checking account as far as like identity theft and fraud 0:13:19.679 --> 0:13:22.320 for taking the money out, but you have to catch 0:13:22.360 --> 0:13:24.920 it mostly to get the whole benefit. You have to 0:13:24.960 --> 0:13:27.000 catch it within like sixty days if you want all 0:13:27.080 --> 0:13:29.760 the money back, and it can be a little bit 0:13:29.760 --> 0:13:33.680 more challenging then if it worked. See insurance for taking 0:13:33.720 --> 0:13:36.480 accounts so FD I see insurance is like if the 0:13:36.559 --> 0:13:40.360 bank loses your money, oh that's ft I C insurance 0:13:40.400 --> 0:13:45.440 isn't for like fraud, so yeah, and I need I 0:13:45.440 --> 0:13:48.600 don't have. I used to know this verbata because as 0:13:48.679 --> 0:13:51.240 as you know, when I was running a content team 0:13:51.320 --> 0:13:54.120 for personal finance sits, we would update this language all 0:13:54.160 --> 0:13:57.040 the time. But so I would say, I know, I 0:13:57.080 --> 0:13:59.800 know generally that credit cards they have the zero liability 0:14:00.040 --> 0:14:03.959 fraud insurance. That's like a very standard benefit now, which 0:14:04.000 --> 0:14:06.319 means if you're defrauded, you're like, you're not going to 0:14:06.360 --> 0:14:09.840 owe us the money. With a checking account, if you're defrauded, 0:14:10.240 --> 0:14:11.720 you may not owe back the money. 0:14:11.880 --> 0:14:12.640 Sorry, you may not. 0:14:13.920 --> 0:14:15.800 You know, you may be able to get your money back, 0:14:16.160 --> 0:14:19.200 but you have to typically catch it sometimes within sixty 0:14:19.280 --> 0:14:21.080 days or thirty days, and it may not be all 0:14:21.120 --> 0:14:24.160 of it and maybe just more of a workaround to 0:14:24.200 --> 0:14:26.040 get it. So it's a little bit trickier. That's why 0:14:26.160 --> 0:14:28.640 typically they'll advise you to like, you know, will advise 0:14:28.680 --> 0:14:30.520 you to use your credit card for that type of thing. 0:14:31.120 --> 0:14:33.160 But I feel like to get around it, you could 0:14:33.160 --> 0:14:36.080 open a sub checking account, just tie the payment to 0:14:36.160 --> 0:14:38.040 that one account and make sure you got the money 0:14:38.040 --> 0:14:42.720 in there each month for your payment. Yeah, that's what 0:14:42.760 --> 0:14:45.200 I'll say. And then what do you think you looking 0:14:45.200 --> 0:14:48.280 at the latest on the identity theft for checking accounts, 0:14:48.280 --> 0:14:49.240 I think we should. 0:14:49.240 --> 0:14:50.720 Know what I did I'm looking at it. I'm not 0:14:50.720 --> 0:14:52.960 sure if this is still because I remember a few 0:14:53.040 --> 0:14:56.600 years ago, Credit sests Me actually launched this first totally 0:14:56.640 --> 0:15:00.440 free credit and identity protection service. I remember because they 0:15:00.480 --> 0:15:02.080 reached out to me and I work with them. I'm 0:15:02.080 --> 0:15:04.520 trying to see credit Me. Yeah, I'm trying to see 0:15:04.560 --> 0:15:09.760 if it's still there, if they still have it, because 0:15:09.760 --> 0:15:11.760 they had it, and I remember it was up to 0:15:11.800 --> 0:15:14.040 fifty thousand dollars, which is great, and this was free, 0:15:14.040 --> 0:15:15.360 so you signed up for a free credit sez to 0:15:15.400 --> 0:15:15.880 Me account. 0:15:16.200 --> 0:15:18.520 I don't know, Tiff, it's credit sized me even around anymore. 0:15:18.560 --> 0:15:20.360 I That's why i'm looking it up now to because 0:15:20.400 --> 0:15:20.680 you know. 0:15:20.680 --> 0:15:23.920 These platforms, I mean, I feel old. 0:15:25.280 --> 0:15:29.160 It still is around, but I'm just wondering if they 0:15:29.280 --> 0:15:36.400 still have the oh my gosh, the identity theft protection 0:15:36.480 --> 0:15:37.400 because it used to be free. 0:15:37.440 --> 0:15:42.840 Like I said, that was some years ago. I'm just 0:15:42.840 --> 0:15:43.320 looking to see. 0:15:43.360 --> 0:15:45.360 I'm trying to see on their site because I remember 0:15:45.360 --> 0:15:46.920 I thought that was really great. It was, like I said, 0:15:46.920 --> 0:15:49.440 it was up to fifty thousand dollars that you could 0:15:49.720 --> 0:15:52.160 you get free. They do have free credit monitoring, and 0:15:52.160 --> 0:15:53.640 so I will say that about credits as me. That 0:15:53.680 --> 0:15:55.400 still is true and they are still around. I'm looking 0:15:55.400 --> 0:15:57.360 on here now. I just don't know if they have 0:15:57.440 --> 0:16:01.960 the identity theft protection, but they do have credit monitors 0:16:01.960 --> 0:16:04.520 take guard your credit. Credit monitoring helps protect your identity. 0:16:04.600 --> 0:16:08.400 I'm looking here. Support your finances can help you. Okay? 0:16:10.120 --> 0:16:11.920 Is our credit monitoring really free? Yes? 0:16:13.280 --> 0:16:16.160 With your credit test me account, you get TransUnion credit 0:16:16.160 --> 0:16:19.520 monitoring for free. You also get free daily credit credit 0:16:19.560 --> 0:16:22.600 score refreshes, so you always know where you stand. Okay, well, 0:16:22.640 --> 0:16:27.840 at the very at the very least. With credit test 0:16:27.920 --> 0:16:29.960 Me you get free credit monitoring. A lot of places 0:16:30.040 --> 0:16:33.280 offer that, but I, you know, dig a little deeper 0:16:33.600 --> 0:16:36.400 to see if they not only offer credit monitoring but 0:16:36.480 --> 0:16:39.280 the identity theft protection, because they had that before and 0:16:39.320 --> 0:16:40.160 it was incredible. 0:16:40.720 --> 0:16:42.640 I just don't know if they still have. 0:16:44.560 --> 0:16:48.200 Two factor authentication. Let's not under like, if you're talking 0:16:48.240 --> 0:16:50.680 about how to prevent someone from like logging into your account, 0:16:50.680 --> 0:16:53.920 they get your account details. Two factor authentication goes a 0:16:53.960 --> 0:16:57.760 long way to protecting even your passwords and things like that. 0:16:57.760 --> 0:16:59.760 It sounds simple, but if you don't have two factors 0:16:59.800 --> 0:17:04.520 authentication authentication turned on for your banks, get that turned 0:17:04.520 --> 0:17:08.080 on even face ID, you know, log in something like that. 0:17:08.119 --> 0:17:10.200 But I love, I love how easy it is when 0:17:10.240 --> 0:17:12.240 you do the two factor authentication and then it like 0:17:12.280 --> 0:17:14.680 texts your phone. And with the iPhone, now you got 0:17:14.680 --> 0:17:15.159 this feature. 0:17:15.240 --> 0:17:16.320 Do they have that with the Android? 0:17:16.359 --> 0:17:18.600 I don't know. But when you're in the app, it'll 0:17:18.600 --> 0:17:21.000 already read your text message and just give you the number. 0:17:21.040 --> 0:17:22.719 It's like, do you want to copy and paste this numbers? 0:17:22.720 --> 0:17:25.000 You don't have to like go to the text, remember 0:17:25.040 --> 0:17:26.879 the number, come back to the page and type it 0:17:26.920 --> 0:17:29.840 in you just like automatically. So it's so easy and 0:17:29.880 --> 0:17:31.440 it's such a simple thing to do too. 0:17:32.080 --> 0:17:34.000 Oh and and just so word because I found it. 0:17:34.040 --> 0:17:37.280 So I I'm on securities dot security dot org and 0:17:37.320 --> 0:17:38.639 they reviewed credits to me. 0:17:38.680 --> 0:17:41.040 I think as of this year, this is what they like. 0:17:41.320 --> 0:17:45.760 Basic credit and identity identity monitoring, multi factor authentication that 0:17:45.800 --> 0:17:46.840 you're just talking about, Mandy. 0:17:47.000 --> 0:17:49.680 And they do have identity theft insurance what I love. 0:17:50.000 --> 0:17:51.439 Even if you don't pay for a plant, because they 0:17:51.480 --> 0:17:53.800 do have a plan, you can be eligible for up 0:17:53.800 --> 0:17:59.520 to one million dollars in reimbursement if your identity gets stolen. Yeah, 0:17:59.600 --> 0:18:02.680 and so they don't like is that shaky privacy poly 0:18:02.760 --> 0:18:08.560 and privacy policy and jurisdiction. Let's see, credits Me isn't 0:18:08.560 --> 0:18:11.040 a good choice for the for the privacy concern. Oh 0:18:11.240 --> 0:18:15.080 don't there you go, chunky sign up and limited customer support. 0:18:15.359 --> 0:18:17.800 So this is their bottom up, yeah, meaning like it's 0:18:17.800 --> 0:18:20.120 probably like weird to sign hard to sign up. They 0:18:20.160 --> 0:18:22.120