Biz&Econ

Foreign Finance: Prevent Fraud when you go travel.

 

When moving to a foreign country, finances are an important factor.  When you forward your mail to your most trusted people and pay your bills before you leave, you can prevent your credit score from decreasing.

Source: https://www.freepik.com/free-vector/hand-drawn-flat-taking-suitcases-out-street-tradition-illustration_20290373.htm#query=man%20traveling&position=1&from_view=keyword&track=ais&uuid=855613e5-7ca0-41ed-acf3-d0daaa425f3b

Do not spread the news around that you are on vacation. You could be a victim of identity theft. Tell your credit card issuer you are going to a specific country, and they will know that you are spending on food on vacation as a fraud and then halt your credit card. 

Make a budget, make sure you don’t get stuck there, and try saving for at least one economy seat on an airline since it can be a lifesaver in case you miss your tickets. 

Don’t use weird ATMs. Sure, they may look a bit suspicious at the start, but the odds of you getting skimmed away of money are astronomical. Get a credit report. You will need to get a credit report to let you know of all of the deductions and the things that happened while you were gone.

[Written by 4th grader]

Categories: Biz&Econ