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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

Mar 24, 2020

Julie Kuzmic is the Director of Consumer Advocacy at Equifax Canada. She is passionate about financial literacy and is a recognized authority on consumer credit. She often speaks on the credit lifecycle to consumers, clients, government, and industry groups and she is always testing out new metaphors to describe the nuances of credit scores.

Julie joins me today to share how to protect yourself from fraud and how fraudsters can obtain your personal details and use it to apply for credit in your name. She reveals how many times you can check your credit report each year as a proactive fraud prevention step, why it’s vital to inform credit agencies if you fall victim to identity theft and the protective measures and alerts you can activate to authenticate credit requests in your name. Julie also discusses the pros and cons of using your passwords online over open Wi-Fi networks and with third parties. 

“It is important to let both credit bureaus know if you are a victim of fraud.” - Julie Kuzmic


This Week on Young Money:


  • How fraudsters can use your identity and data to apply for credit in your name
  • Checking your credit file for free to proactively check for fraud and identity theft
  • How to put a warning and alert on your credit file if you have been a victim of a data breach
  • Preventing fraud with a free “Identity Warning” from Equifax
  • Fraud prevention tips and measures
  • The vulnerabilities of open Wi-Fi networks
  • The pros and cons of open banking services
  • Liability negating clauses introduced by banks when you share your username and password with third-parties

Key takeaways:


  1. Protect yourself by keeping an eye on your credit report
  2. Set an alert if you fall victim to identity fraud
  3. Be wary of sharing your passwords

Resources Mentioned:


Connect with Julie Kuzmic:


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