Money Matters: Identity Theft Prevention

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Over a billion financial records fall victim to identity theft every year.
How do you protect your identity?

  • Be careful when giving out your information
  • Shred sensitive documents
  • Monitor your financial activity

How can you monitor your activity? 

  • Southern Bank app alerts will notify you for:
    • Credit or debit card usage
    • Bill payments
    • Account withdrawals

What happens when you identity is already stolen? 

  • Southern bank offers:
    • Free identity theft coverage
    • Fraud specialists
    • Identity monitoring
    • Identity restoration
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Money Matters: Tips on Mortgages with Taylor Harrell

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  • What should you consider? 
    • Monthly Income 
    • Down payment 
    • Monthly payment 
    • Payback period 
    • Current level of debt 
  • What are some mortgage tips? 
    • Payments should be less than 25% of your monthly income 
    • Total monthly payments should be less than 40% of monthly income 
    • Put down 20% to reduce payments 
    • Ask about 15 to 20 year loans because these reduce interest in the long-run. 
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