What happens to your online accounts when you die?
If you were to die tomorrow, would anyone know how to access your online accounts? Creditbloggers recently asked this very question in Who Gets Your Bits? While this might not be nearly as important as, say, who inherits your home or other major assets, you can make it easier for others sorting through your affairs after you’re gone. The best solution I’ve heard is to simply keep a list of your online accounts and passwords in a safe deposit box next to other important documents.
How to own a car for less
I was shocked to learn that the average person only owns their car for 5.5 years. I’ve owned mine for nearly 8 and have no intention of giving it up anytime soon (not because I love it, but rather because I don’t want a new, expensive car payment). Wisebread does the math on how to get the most out of your set of wheels for the least amount of money. I would add one thing to the list: maintain good credit to get a better deal on your auto loan!
Who shares your name?
Identity thieves don’t necessarily need to take on the identity of someone with a different name. It’s much easier just to impersonate someone who shares your name, such as Michael Nelson of Atlanta who pretended to be successful lawyer Michael Nelson of New York. The fraudster succeeded in taking money from two people who were in need of legal counsel.
To all the single ladies, watch out for fraudsters on dating sites who prey on women looking for companionship. Jaitass Dhanoa, for instance, wooed multiple women through sites like Match.com and IndianDating.com, then open credit cards in their names (making himself an authorized user, of course). All in all, Dhanoa racked up tens of thousands of dollars through the cons.