Special Edition: Be Prepared, Be Informed, Be in Charge

Simple Strategies for Managing Your Money

A Message to Readers

“Be prepared.” That motto isn’t just for Scouts and it isn’t just for kids. It’s solid advice for anyone, especially busy people, trying to manage their money in a world full of opportunities… and occasional hazards. FDIC Consumer News wants to help you be better prepared. In this special guide, we offer a collection of practical strategies you can use to deal successfully with some of the most important money matters facing consumers today, including how to:

  • Make sure you are financially fit;
  • Avoid bad deals and scams;
  • Protect all your deposits with FDIC insurance; and
  • Complain effectively and get results.

To keep things simple, we’ve limited our to-do lists to five suggestions, but if you need or want more guidance, we’ve also identified additional resources you can turn to for help.

Our goal is to give you the information and the confidence you need to manage your money and realize your dreams for a better future. So keep reading and learn how you can be prepared, be informed and be in charge!

Things You Can Do To Be Prepared

  • Make Sure You Are Financially Fit
    1. Periodically Review Your Account
    2. Review Disclosures About Your Accounts
    3. Get a Free Copy of Your Credit Report
    4. Look at How You Are Spending Your Money
    5. Find New Ways to Simplify Your Financial Life
  • Protect Against Bad Deals and Scams that Arrive by Phone, Letter and the Internet
    1. Never Divulge Personal Information
    2. Thoroughly Check Offers
    3. Deal With Businesses You Know
    4. Remember Offers May Be “To Good To Be True”
    5. Know Signs of a Scam
  • Avoid Costly Scams Involving Fake Checks and Money Orders
    1. Depositing Check From a Stranger
    2. Walk Away From a Deal
    3. Recognize Other Warning Signs
    4. Take Additional Precautions
    5. Immediately Report Fraud
  • Protect All Your Deposits with FDIC Insurance
    1. Your Coverage Qualifications
    2. Review Your Insurance Coverage
    3. Make Adjustments to Your Accounts
    4. Know Your Deposit Insurance Coverage
    5. Call the FDIC to Answer Your Questions
  • Complain Effectively and Get Results
    1. Try to Fix the Problem Directly
    2. Get Information in Writing
    3. Be Calm and Professional
    4. Be Clear About Deadlines
    5. Contact Government Regulator

Five Things You Can Learn from Other Consumers’ Questions and Concerns

  1. Questions About FDIC Insurance Coverage
  2. General Banking Questions
  3. Questions Involving Specific Financial Institutions
  4. Billing Disputes With Credit Cards
  5. Allegations of Fraud

Five Sources You Can Turn To

  • For More Help or Information on Managing Your Money

FDIC Consumer News is published by the Federal Deposit Insurance Corporation

FDIC Consumer News is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC or other government regulations and policies. Mention of a product, service or company does not constitute an endorsement.

Find current and past issues of FDIC Consumer News at http://www.fdic.gov/consumernews. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.

To receive an e-mail notice about each new issue of FDIC Consumer News posted on the FDIC Web site, with links to stories, follow instructions posted at www.fdic.gov/about/subscriptions/index.html.

Other Finance Related Services – The following directory listings on DebtConsolidationLoan.com are provided to assist you with the management or consolidation of your debt. Also, while on this site, feel free to shop for other financial services such as auto insurance and home equity loans.

  • Debt Settlement Service – If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
  • Personal Loan Rate – Looking for a personal loan to consolidate your credit cards? These loans are usually unsecured, meaning you are not required to provide collateral. Approval is often based upon factors as your income, credit and job history.
  • Debt Management Counseling – Do you feel that your credit card bills are stacking up with nowhere for you to turn? Your problem is not unique. Signing up with debt management firm may be the right solution to your debt problems. Review different firms offering these services to determine if this is the correct option for you.

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