3 Ways to Protect Your Financial Information

Date Published: December 4, 2020

Date Updated: July 28, 2025

As evidenced by many recent news stories, consumers are faced with growing threats of stolen identity, scams, or fraud when it comes to personal finances and monetary transactions. While these risks are real, there are steps you can take to protect yourself and your financial accounts.

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Start with these 3 solid tips recommended by security experts to help you safeguard your personal financial assets.

1. Create strong password sentences

Short and simple passwords are easy to remember, but longer and more complicated is better. To create a long, strong password that you’ll remember, the National Cyber Security Alliance recently recommended using sentences as passwords. Choose a sentence that is meaningful to you and at least 12 characters long. It’s okay to write down your passwords, but store the list somewhere safe, not on or near your computer.

2. Consider online billing

Thieves sometimes steal mail to get their hands on personal or financial information. Electronic statements have something that paper statements don’t—passwords. With Newrez online billing, your statements are protected by your login and password. You can always print your statements at home or save on paper and ink by electronically storing them for safekeeping.

3. Confirm callers

If you’re a Newrez Customer, our Customer Service agents will ask you for information to prove you are the account owner, but we will never call your phone and ask for personal information. If someone calls and asks for your Social Security number, credit card, ATM or PIN, it is best to simply hang up. If they identify themselves as a representative from your bank or credit card company, call them back to conduct your business.

 

Next Steps:

Try our suit of calculators and tools to get a better understanding of how your finances impact your opinions.

 

Call 888-673-5521 to speak with one of our mortgage consultants to find a mortgage option that works for you.

Stay tuned to our Newrez articles for more information on the home buying process and helpful mortgage hints.

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Explore your options with guidance and support designed around your next move.

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