Frank Yan of Sacramento on Is There an Increase Chance of Death?

After Frank’s workout, Frank was listening to a program on a Sacramento radio station from his comfort of his home in Sacramento, Ca. The speaker mentioned that there was a highly increased chance of death if you are overweight, diabetic, or smoke. Wow!! Frank thought the chance of death was 100%. What is the chance of death with any of the above said? It can’t be MORE than 100%, can it?

Someone must not proofread their material. Frank Yan believes that what they meant was that the chance for an earlier than normal death was increased by any or all of the aforementioned factors. It’s a small distinction that Frank knows, BUT, in the world we live in today where people are supposed to be getting smarter and smarter…… Right?


It just shows you that you cannot rely on spell check every time to catch everything. Everybody seems to want to rely in this world of technology and applications for everything. What is next? We have cashiers that cannot make change and these high school graduates that can do calculus and physics, but can’t balance their own checkbook or credit card statements. We have people that can’t read a map, what happens when your GPS fails? Do you immediately go buy another or drive around Sacramento until you stumble across your destination?


We see major newspapers that contain more errors than Frank was ever allowed in a high school report. Nobody seems to fact check, but then this isn’t a real major newspaper. Frank has seen roads with directional signs that seem to be intended to confuse out of area travelers. Try being from out of the area and driving around in another country without getting in a wreck. People from out of the area need road signs placed well before a turn in one standard location (so they can be found), not on wires across the road, then on a pole on the right corner, then on a post on the left side of the street, etc.


Frank Yan wants to know who really thinks there is an increased chance of death. Frank also likes to know why these types of errors that are occurring. Is it that we are ALL way too busy to verify things? Perhaps there is just too much knowledge that we think we know? Why don’t we just concentrate on teaching students things in school that everybody will use in their normal everday lives? Not everybody, in reality only a small percentage, will EVER need calculus and physics, but everyone should be able to spot errors such as, spelling errors, road signs that make no sense, common, increased chance of death, etc. Everyone should be able to balance a checking or credit card account and
count money without a calculator.

Frank Yan of Sacramento on It's Not Yours

Frank Yan of Sacramento encountered many people in his Sacramento area that have found themselves in mountains of There are a lot of things to be unhappy about when you’re in debt. Although material things shouldn’t matter more than your happiness, when you’re in debt, they become a burden. Nothing that you have is actually yours. Everything belongs to someone else or the financial institutions. It’s like someone or something is hovering everything over your head. You know that at any moment, everything you have can be taken away from you.


This can be a scary thought, knowing that your house you lay your head in and the car you drive around isn’t yours is not something that people like to think about. Nevertheless, not thinking about it at all will only cause you to fall further into debt. The only thing that anyone can do is to take action. Not knowing exactly how to get yourself out of debt poses a problem.


Frank says that being in debt can create huge sense of uncomforted dread. The power of money has over people around the world is unreal. Some people would say that it is imagined, but once those very same people wake up and one day realize that they have no home to live in and no car to drive, reality begins to seep in. What really makes matters worse is when people continue to live life pretending like they don’t own tens of thousands of dollars. Before you can live the life the way you want, you must get out of debt completely. There are many things you can do to minimize debt refraining from excess spending, and paying all your bills on time. Consider limiting out any credit cards that you have that you don’t use.


Although money isn’t everything, it definitely has a lot of control over the world we live in. Frank Yan understands this and puts everything into prospective, as Frank once was heavily in debt when he began to work at Sacramento International while attending Sacramento State at the same time.


If you begin to get out of debt, it is important for you to must know how to spend your money more wisely. Having a good and effective system to follow helps a lot when you don’t know what you’re doing. Knowing the system you are following is one that will work gives you the confidence you need to carry out your plans. And knowing is half the battle. Think before spending and ask yourself if the things you want are the things you really need.

Frank Yan of Sacramento on His Cheat Sheet for Debt Relief Options

Frank Yan of Sacramento posts a related article: It's Not Yours

If you have a significant amount of credit card or unsecured debt Sacramento resident Frank Yan says it's often hard to get clear, accurate information about your options. Consumers will find that there isn't a "perfect option", but there will definitely be a "best option" for debt relief. It's important that you take the time to understand the benefits and risks of any debt relief plan before committing.

Here is a summary that Frank Yan put together of available debt relief programs based on $30,000 of credit card debt:

1.Minimum Payments.
The banks prefer you pay only minimum payments. Why? You make them incredibly rich by doing so. This may be the single most harmful financial mistake you can make.
Pros: None
Cons: You'll end up paying 400-1,000 cents on the dollar for your purchases over 20-30 years.
BE CAREFUL: Money spent towards servicing debt for 20-30 years is MUCH better spent building savings, paying down a mortgage, or funding investments and retirement - ask any financial planer.

Success Rate: 0% (even paying your credit cards off with minimum payments isn't a success)
Approx. Payoff: Monthly payment of $480: 24 years (288 months). $139,461.

2. Accelerate Payoff with extra principal.
You can pay extra money towards principal every month to pay down your creditors faster.
Pros: Will reduce your total payoff and the time it takes to get out of debt.
Cons: Not many people have extra money these days. You also can't control what the creditors do with your interest rates or if they apply the money correctly to principal.
BE CAREFUL: This will take the discipline of paying extra every month as long as it takes, which is hard to do. Think of it this way: we all know we're supposed to go to the gym and work out more, and may even start off good, but do we keep going every month? Knowing what's good for you and doing it are two different things.

Success Rate: 7%
Approx. Payoff: Monthly Payment of $680: 9 years (108 months). $63,094.

3. Payment Plan.
If you are having financial trouble or miss payments you may be able to negotiate a payment plan with your creditors for 100 cents on the dollar.
Pros: Payoff for less than minimum payments.
Cons: You won't be able to use your card anymore. Negative impact to credit score. You will have to negotiate this with the bank and they may not approve it.
BE CAREFUL: If you miss even one payment on this plan all of your back interest and late fees may be added in with interest rates as high as 30%

Success Rate: 29%
Approx Payoff: Monthly Payment of $480: 5.5 years (66 months). $30,000.

4. Consumer Credit Counseling Services.
CCCS is a 3rd-party company putting you in a program to pay off your creditors.
Pros: Make only one payment monthly. Don't receive collection calls.
Cons: Huge fees - sometimes as high as 20%. Another company controls your payments. VERY damaging to your credit score.
BE CAREFUL: There is no huge financial benefit to CCCS that cannot be achieved more efficiently through a repayment plan or debt settlement.

Success Rate: 21%
Approx. Payoff: Monthly Payment of $700: 5-7 years (60-84 months). $51,300.

5. Debt Settlement.
Debt settlement is a legal negotiation where your creditors will take less than what is owed, usually around 30-50%.
Pros: Debt free in18-30 months for the same monthly payment. Most efficient way to pay off your creditors. Voluntary negotiation for your creditors. Recapture monthly payment that can be used for savings, investments, retirement.
Cons: Risk of creditor lawsuits. Settlement negotiations may be higher or lower and can not be guaranteed. Must miss payments resulting in temporary damage to credit score.
BE CAREFUL: Trying it yourself is seldom successful and could land you in court if you are sued. Do not hire a debt settlement company because they charge high fees and set you up to fail. Only hire an attorney who specializes in debt settlement and keep your plan within 2 years or less for best success.

Success Rate: 20-40% if attempted by consumer, 75-99%* if done by qualified attorney
Approx. Payoff:Monthly payment of $480: 1 -2 years (12 to 24 months). $10,000 - $14,000

6. Bankruptcy.
Bankruptcy offers legal protection from your creditors.
Pros: BK gives a fresh start for those who are financially destitute or overwhelmed with debt.
Cons: Complete default for your creditors. WORST thing for your creditors. Hard to get new loans. Can only file once every 6 years.
BE CAREFUL: Chapter 7 bankruptcy wipes out your debt. A Chapter 13 is a repayment plan and may be better accomplished with a debt settlement.

Success Rate: 100% if you qualify
Approx. Payoff:Costs for bankruptcy range from $2,000 - $3,000.

Frank Yan suggest that you contact your local Sacramento credit specialist for more information or a free report: Debt relief options for today's homeowner or consumer

Frank Yan of Sacramento on Spending Less Than You Earn

Frank Yan mentions that one of the most important factors of life and principle to becoming wealthy is to spend less money than you earn. This may sound easy, but in practice it can be very hard to do. Frank Yan has experienced this article and will explain what to look at and the challenges to spending less than you earn and offers some tips to overcome these.

First Frank Yan wants to look at those who may spend more money than they earn. It stands to reason that if someone is spending more money than what they earn, they are either being given the money or are borrowing it, such as credit. In this day and age of worldwide economic growth and prosperity it has never been easier than before to borrow money. Temptation to borrow is everywhere, whether it is for a new TV, a new car or a new house. In Sacramento personal debt levels are at record highs. With foreclosures at an all-time high, delinquent State deficit, and the average Joe shopping for a high priced vehicle at the Sacramento Auto Malls. Frank Yan has read that the US Federal Reserve has calculated that more than 45% of US families spend more than they earn. Not good…


The problem with our personal debts is that it can become a bad trap. Bad debt for example and how you can be trapped by this bad debt can be seen with probably its most and popular common form – Credit Cards. Ideally, people should ensure to pay off their balance in full by the end of the interest free period to avoid paying these high interest rates set on these credit cards. It’s quite common and sad that people use their entire credit limit and make only the minimum payment required as a lower payment is an attractive number so people can assume to live a more comfortable life without any financial stress. This minimum payment is the worst and is usually just enough to cover the interest charges only. Combined with a high interest rate this makes credit cards a very expensive form of borrowing.


There are also people who spend equals to what that they earn. If someone is spending everything they earn, it is obvious they are not saving anything or investing any of their earnings. This bad habit will make it very hard, if not impossible, for them to become wealthy in the future. It also means that they will more than likely need to borrow more money in the down the road to fund larger purchases. And so… The debt financial trap begins…


Develop Your Financial Discipline and Intelligence
Let’s return to Frank’s earlier example of credit card disaster. First question would be do you really need one? The emergency of Mastercard/ Visa debit cards and including Paypal has eliminated some of the benefits that credit cards traditional have Example: The ability to make purchases over the internet or telephone. If you do decide you still want a card, you will often be tempted with a higher credit limit, higher than you would have expected. Remove the temptation. By reducing the limit to one where you wouldn’t be scared if the card reaches its full limit. As mentioned earlier, ensure you pay off your balance in full each month to avoid paying these high interest percentages and building up a large amount of debt.


Reduce Your Spending Consumption
First step here is to identify and to eliminate conspicuous consumption. What Frank means is the buying of things you don’t need or want. Second thought is, distinguish your wants from needs. As you begin to identify things as wants, you will reassess whether or not you really want to spend your money on that purchase. Last thing is, set some short to long term financial goals. Use motivation to control your immediate consumption of spending. Example, which you want to go for a well-deserved away from Sacramento vacation across seas in your short term goal. You will find it far much easier to resist purchasing that new item you saw if you can associate this with the goal of an overseas get a way.


Bringing These Two Solutions Together
The best way to bring these two solutions together is financial discipline and controlled consumption. Start to budget and live by it. A budget is simply a plan that allocates your future income towards expenses, savings and debt repayment.


If you don’t like the idea of creating a budget, a simpler way to ensure you spend less money than you earn is to Pay Yourself First. Set up an automatic system to Pay Yourself First. Avoid paying for purchases via your credit you can relax knowing that you are spending less money than you earn.


If you are struggling with debt and/ or excessive consumption of spending, be clear that spending less money than you earn will involve some short term sacrifices and lifestyle changes. These changes will be way more positive as you begin to take control of your finances sensibly and putting yourself on the road to wealth.

Frank Yan of Sacramento on 10 Ways of Saving Money Every Month

Frank Yan of Sacramento posts a related article: The Debt Forgiveness Relief Act

Let's face it, Frank Yan of Sacramento says that we are all looking to reduce costs some how, whether it is just to make spending less than we earn and get by, or because we should be putting more away for the kids college and for retirement. Frank Yan had put together a checklist of ways you could possibly save money.You may save just a fraction little, or a whole lot, but either way it all counts if it ends up in the right place your bank account

Before you go down this list, let's begin gathering all of your monthly bills and put them in one place. It helps to track all of your expenses for thirty days (you’ll be amazed what you waste money on) Prepare a spreadsheet that accounts for your income and every one of your expenses, whether they’re daily, weekly, monthly and yearly. From there it is like a fun game to
go down the list to see how much you can save as you keep tracking the next few months expenditures.

1. Refinance your home mortgage.
Frank Yan has saved many consumers in Sacramento and arcross the States by helping those consumers re-mortgage their home. By calling a mortgage broker or your current lender and see if you can take advantage of today’s current interest rates.Even the difference of 1% in interest rate can save you tens of thousands of dollars over the life of the loan.

2. Shop out your homeowners insurance.
Call your homeowners insurance representative and ask if there are better policy prices, or shop around for other insurance carriers a little. Frank Yan has learned that Simple things
alarm service may also lower your homeowner’s bill.

3. Always get your property taxes reassessed.
When your price of your propety goes up in value, your county and city taxes you more based on the value of your property. The same with when your property value goes down, you may be eligible for a property tax reduction. Call your local assessor’s office and you should never pay anyone to submit the application for you.

4. Bundle your internet, cable, and home phone services together.
These 3 services can get time consuming as wellas expensive, so give a few carriers a call and ask about bundled packages to save money.

5. Review your cell phone plan.
Contact your carrier and ask to review your usage of minutes and the plan. You may be over paying for something you never use. If their are multiple cell phone users in your family, consider a shared family plan. In addition if you have a home phone that you don’t really need, it’s a good time to cancel it.

6. Ask your credit cards companies to lower APRs.
Credit cards will always reward good customers with lower APRs, or by fixing a low interest rate if you’re in a variable one.It’s a good time to get a grasp on how much you owe and what your repayment plan is if you owe more than 30% of your total available balance and/or are paying only minimum payments every month, it’s time to make a money-saving change.

7. Re price your auto insurance.
Every year, your car gets a year older and your driving record may have changed That means it’s time to call your insurance agent and ask if there are any discounts available or higher
deductible plans.

8. Always know your credit score.
Every year, inaccuracies, errors and even old items can cost many consumers countless millions of dollars. Frank Yan suggests that you should pull your credit every 6 months. (you can do it once for free with each bureau) and make sure your credit is clean. A good score can save you a bundle when it comes time to applying for a home loan, refinancing, getting an auto or business loan, or even when applying for insurance.

9. Check your health insurance premiums.
You can save money if you don't go to the doctor much or even if you lost a few lbs or want to increase your deductible. It never hurts to ask, or shop around.

10. Check for bank fees and credit card annual fees.
Adding insult to injury, many financial institutions charge US for the privilege of making THEM money.But that doesn’t mean you need to stand for it check to see what kind of fees your bank and credit card companies are charging you and don’t be afraid to take your business elsewhere.

Frank Yan of Sacramento on Debt Relief Options

Frank Yan of Sacramento posts a related article: The Top 10 Debt Mistakes You Don't Want to Make

Frank Yan has consulted many home buyers with debt in Sacramento and says that if you have a significant amount of credit card or unsecured debt it's often hard to get clear, accurate information about your options. Consumers will find that there isn't a "perfect option", but there will definitely be a "best option" for debt relief. It's important that you take the time to understand the benefits and risks of any debt relief plan before committing.

Here is a summary that Frank Yan put together of available debt relief options based on $30K of credit card debt:

1.Minimum Payments.


The banks prefer you pay only minimum payments. Why? You make them incredibly rich by doing so. This may be the single most harmful financial mistake you can make.

Pros: None
Cons: You'll end up paying 400-1,000 cents on the dollar for your purchases over 20-30 years.


BE CAREFUL: Money spent towards servicing debt for 20-30 years is MUCH better spent building savings, paying down a mortgage, or funding investments and retirement - ask any financial planer.

Success Rate: 0% (even paying your credit cards off with minimum payments isn't a success)

Approx. Payoff: Monthly payment of $480: 24 years (288 months). $139,461.

2. Accelerate Payoff with extra principal.

You can pay extra money towards principal every month to pay down your creditors faster.



Pros: Will reduce your total payoff and the time it takes to get out of debt.
Cons: Not many people have extra money these days. You also can't control what the creditors do with your interest rates or if they apply the money correctly to principal.


BE CAREFUL: This will take the discipline of paying extra every month as long as it takes, which is hard to do. Think of it this way: we all know we're supposed to go to the gym and work out more, and may even start off good, but do we keep going every month? Knowing what's good for you and doing it are two different things.

Success Rate: 7%
Approx. Payoff: Monthly Payment of $680: 9 years (108 months). $63,094.

3. Payment Plan.


If you are having financial trouble or miss payments you may be able to negotiate a payment plan with your creditors for 100 cents on the dollar.


Pros: Payoff for less than minimum payments.
Cons: You won't be able to use your card anymore. Negative impact to credit score. You will have to negotiate this with the bank and they may not approve it.

BE CAREFUL: If you miss even one payment on this plan all of your back interest and late fees may be added in with interest rates as high as 30%

Success Rate: 29%
Approx Payoff: Monthly Payment of $480: 5.5 years (66 months). $30,000.

BE CAREFUL: There is no huge financial benefit to CCCS that cannot be achieved more efficiently through a repayment plan or debt settlement.

Success Rate: 21%

Approx. Payoff: Monthly Payment of $700: 5-7 years (60-84 months). $51,300.

5. Debt Settlement.


Debt settlement is a legal negotiation where your creditors will take less than what is owed, usually around 30-50%.


Pros: Debt free in18-30 months for the same monthly payment. Most efficient way to pay off your creditors. Voluntary negotiation for your creditors. Recapture monthly payment that can be used for savings, investments, retirement.
Cons: Risk of creditor lawsuits. Settlement negotiations may be higher or lower and can not be guaranteed. Must miss payments resulting in temporary damage to credit score.

BE CAREFUL: Trying it yourself is seldom successful and could land you in court if you are sued. Do not hire a debt settlement company because they charge high fees and set you up to fail. Only hire an attorney who specializes in debt settlement and keep your plan within 2 years or less for best success.

Success Rate: 20-40% if attempted by consumer, 75-99%* if done by qualified attorney
Approx. Payoff:Monthly payment of $480: 1 -2 years (12 to 24 months). $10,000 - $14,000

6. Bankruptcy.


Bankruptcy offers legal protection from your creditors.

Pros: BK gives a fresh start for those who are financially destitute or overwhelmed with debt.
Cons: Complete default for your creditors. WORST thing for your creditors. Hard to get new loans. Can only file once every 6 years.

BE CAREFUL: Chapter 7 bankruptcy wipes out your debt. A Chapter 13 is a repayment plan and may be better accomplished with a debt settlement.

Success Rate: 100% if you qualify
Approx. Payoff:Costs for bankruptcy range from $2,000 - $3,000.

Frank Yan of Sacramento on Tips on Safe Browsing

Sacramento resident Frank Yan has taken precautions to online hackers that have tried to disrupt and interfere to his online accounts. Below are tips for safe browsing.

1. Protect your online passwords by using different passwords for each site you are registered with. At a minimum, do not use the same password you use at work or at your bank for sites that are not as important (e.g. a newspaper site requiring registration).

2. Store your online passwords in a secure password escrow tool

3. Make sure that you are running an up to date antivirus application

4. Patch, patch, patch. Make sure that your browser is up-to-date at the latest patch level and that other applications like Adobe Flash are updated. Windows Update will patch Internet Explorer, Apple Software Update will patch Safari, and Firefox can be updated by going to Help. Check for Updates.

5. Do NOT give out personal information (identity and financial) unless absolutely sure that you need to. And, in that case, make sure it is over an encrypted link (https instead of http in the browser navigation bar).

6. Look for signs of an encrypted Web page when providing sensitive personal information (credit card or banking information, SSNs, etc.) online; key identifiers include a URL for the Web site’s login page that begins with “https” and a padlock icon in your browser status bar (the location of this icon will vary based on browser)

7. Do NOT click on links in email. Sometimes a malicious site address is hidden in the link. Don’t click on any links from people you don’t know, and copy/paste links from email to your browser from people you do know.

8. If you are using a web browser from a public computer (not your own computer), like the ones you find at an Internet Cafe, do NOT put any passwords or personal information into the browser. The information could get logged and saved to that computer.

9. Be wary of Internet downloads : Downloaded files like software or other media can hide malware on your computer without your knowledge

10. And remember…if it looks to good to be true, it probably is.

Frank Yan of Sacramento on Spending Less Than You Earn

Frank mentions that one of the most important factors of life and principle to becoming wealthy is to spend less money than you earn. This may sound easy, but in practice it can be very hard to do. Frank Yan has experienced this article and will explain what to look at and the challenges to spending less than you earn and offers some tips to overcome these.

First Frank wants to look at those who may spend more money than they earn. It stands to reason that if someone is spending more money than what they earn, they are either being given the money or are borrowing it, such as credit. In this day and age of worldwide economic growth and prosperity it has never been easier than before to borrow money. Temptation to borrow is everywhere, whether it is for a new TV, a new car or a new house. In Sacramento personal debt levels are at record highs. With foreclosures at an all-time high, delinquent State deficit, and the average Joe shopping for a high priced vehicle at the Sacramento Auto Malls. Frank Yan has read that the US Federal

Reserve has calculated that more than 45% of US families spend more than they earn. Not good…


The problem with our personal debts is that it can become a bad trap. Bad debt for example and how you can be trapped by this bad debt can be seen with probably its most and popular common form – Credit Cards. Ideally, people should ensure to pay off their balance in full by the end of the interest free period to avoid paying these high interest rates set on these credit cards. It’s quite common and sad that people use their entire credit limit and make only the minimum payment required as a lower payment is an attractive number so people can assume to live a more comfortable life without any financial stress. This minimum payment is the worst and is usually just enough to cover the interest charges only. Combined with a high interest rate this makes credit cards a very expensive form of borrowing.


There are also people who spend equals to what that they earn. If someone is spending everything they earn, it is obvious they are not saving anything or investing any of their earnings. This bad habit will make it very hard, if not impossible, for them to become wealthy in the future. It also means that they will more than likely need to borrow more money in the down the road to fund larger purchases. And so… The debt financial trap begins…


Develop Your Financial Discipline and Intelligence

Let’s return to Frank’s earlier example of credit card disaster. First question would be do you really need one? The emergency of Mastercard/ Visa debit cards and including Paypal has eliminated some of the benefits that credit cards traditional have Example: The ability to make purchases over the internet or telephone. If you do decide you still want a card, you will often be tempted with a higher credit limit, higher than you would have expected. Remove the temptation. By reducing the limit to one where you wouldn’t be scared if the card reaches its full limit. As mentioned earlier, ensure you pay off your balance in full each month to avoid paying these high interest percentages and building up a large amount of debt.


Reduce Your Spending Consumption

First step here is to identify and to eliminate conspicuous consumption. What Frank means is the buying of things you don’t need or want. Second thought is, distinguish your wants from needs. As you begin to identify things as wants, you will reassess whether or not you really want to spend your money on that purchase. Last thing is, set some short to long term financial goals. Use motivation to control your immediate consumption of spending. Example, which you want to go for a well-deserved away from Sacramento vacation across seas in your short term goal. You will find it far much easier to resist purchasing that new item you saw if you can associate this with the goal of an overseas get a way.


Bringing These Two Solutions Together

The best way to bring these two solutions together is financial discipline and controlled consumption. Start to budget and live by it. A budget is simply a plan that allocates your future income towards expenses, savings and debt repayment.


If you don’t like the idea of creating a budget, a simpler way to ensure you spend less money than you earn is to Pay Yourself First. Set up an automatic system to Pay Yourself First. Avoid paying for purchases via your credit you can relax knowing that you are spending less money than you earn.


If you are struggling with debt and/ or excessive consumption of spending, be clear that spending less money than you earn will involve some short term sacrifices and lifestyle changes. These changes will be way more positive as you begin to take control of your finances sensibly and putting yourself on the road to wealth.

Frank Yan of Sacramento on Who Stole My Identity

Seriously, that’s the question Frank Yan is asking today. During Frank’s application for a mortgage home loan, Frank received a copy of his credit report and discovered that in 2005, someone used my name and identity to rack up just over $2K in debt that Frank was not responsible for. So Frank began to investigate who possibly used his identity and phoned the Sacramento police department, filed fraud reports, and tried to figure out how to get things resolved. Apparently it took Frank a very long time, which isn’t what he wanted to hear.

When Frank first discovered this fraud took place, Frank was highly so upset. Someone out there has a lot of personal information about him and can use that to gain credit in his name.


Frank had more phone calls to make during that time to clear his name for the debt that was incurred by someone else. He needed to go downtown to the Sacramento police station with everything that proves who Frank Yan was.

As this mess whirled around him, Frank really wanted to just felt going to find the person that stole his identity. Frank didn’t blow all this all out of proportion. It could have been a lot worse for him. And fortunately he found out it did happen, otherwise he might have not known for a very long time.


Make sure you keep your identity safe. Frank thought he was being careful, shredding all his important financial information, forwarding mail when he moved, etc. The Sacramento police figured that someone stole Frank’s social number off a credit application or something as there was no document that was actually stolen from him. Today, Frank has protected his credit as he had experienced identity theft once. It’s important that we all monitor our credit on a 6 months basis, as our credit scores are our life line to securing credit lines for real estate mortgage loans, car loans, education loans, and even applying for a mobile phone. By protecting your credit, this will prevent any fraud if someone trys to use it.