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Anonymous
Not applicable

Re: Mint.com - setting yourselves up for identity theft

I just logged into my Quickens account; It's free for me to use.
Message 31 of 46
Mark_in_Pasadena
Regular Contributor

Re: Mint.com - setting yourselves up for identity theft


@Anonymous wrote:
Mark_in_Pasadena:

I believe that Desktop Quicken is neither free, nor being developed any longer. It's now online like the others.

No, it's not free, but yes, all full-featured versions of Quicken 2009 are desktop-based (Deluxe, Premiere, Mac 2007, Home & Business, etc.)  It's worth every penny just for the time it saves me in filling out my Schedule D stock trades every year, in conjunction with Turbotax.  Turbotax is another application that I'll only use the desktop version of as well.

 

They have an online version of Quicken that has limited functionality.  I wouldn't ever trust the Web/online version of Quicken either since it has the same possibility of internal employees having access to your data, just like mint.com or yodlee-based clones.

 

Message 32 of 46
Anonymous
Not applicable

Re: Mint.com

I really like mint.  More features than the quicken online free one imho and they even sent me an email when the interest in one of my cc accounts was lowered, even included the bank's # just in case I had anyquestions.

 

I do like quicken on my desktop, but also like the updates from mint.

Message 33 of 46
Anonymous
Not applicable

Re: Mint.com

With regards to the security issues, Mint also uses Yodlee (same as BofA) and the site says that they never actually store your username/passwords on their servers just transactions. The login info is all on Yodlee's servers. I'd assume BofA is the same.

 

So in that case, you'd need to be worried about Yodlee not Mint or BofA security issues.

Message 34 of 46
preci0uz
Regular Contributor

Re: Mint.com - setting yourselves up for identity theft

Identify theft can happen whether you have mint or not. That's why it's important to check all your accounts and credit reports Smiley Happy  

 

The employees at your credit card companies are probably more likely to steal your identity in my opinion. They have all your information including salary, mother's maiden name, full social security, past address, etc. Specially when you apply in-store.

 

 I'm very hesitant about storing all my info on a my laptop, as it can get stolen and people can still hack into it and it's more time consuming. 

 

If someone where to use any of my credit cards, I would know ASAP as I check mint daily.  Now, if they apply for credit cards, I would know when I check my credit report, which it's daily. So technically mint helps me to make sure everything is in order.  

 

However, to each their own. Smiley Happy

Message 35 of 46
Anonymous
Not applicable

Re: Mint.com - setting yourselves up for identity theft


@preci0uz wrote:

Identify theft can happen whether you have mint or not. That's why it's important to check all your accounts and credit reports Smiley Happy  

 

The employees at your credit card companies are probably more likely to steal your identity in my opinion. They have all your information including salary, mother's maiden name, full social security, past address, etc. Specially when you apply in-store.

 

 I'm very hesitant about storing all my info on a my laptop, as it can get stolen and people can still hack into it and it's more time consuming. 

 

If someone where to use any of my credit cards, I would know ASAP as I check mint daily.  Now, if they apply for credit cards, I would know when I check my credit report, which it's daily. So technically mint helps me to make sure everything is in order.  

 

However, to each their own. Smiley Happy


I have to ditto you.  While I'm not saying that the internal employees at Mint.com or other online web-based programs couldn't steal your info.  Those employees at the bank/credit card companies are just as likely to do so.  In fact, if you are going to be a victim of identity theft, there is really nothing you can do to prevent it from happening, as those that commit those crimes can get the info from the internet, the credit card statements in the mail, checks in the mail, the information when you're at the bank, the computers from your credit card company, etc....

 

In fact, in my personal opinion, the only thing you can really do, is to check your accounts and your credit reports on a regular basis so that if thefts happen, you are able to limit the damage as much as possible.  

 

You can take every precaution in the world, change your passwords every thirty days, shred your garbage, either not do online, or do online only, etc, but if someone sets their sites on you, and they really want your information, they'll find a way to get it.  It could be someone at your bank, your credit card company, the person walking down your street on garbage/mail day, the cashier who checks your signature at your favorite store, or the guy online who you never even see, etc...It could be a stranger, a friend, or even a family member.  

 

My point, if you really think using Mint.com or another website is going to get your identity stolen, don't use it, but don't think that you're protected by not using it.

Message Edited by woopah on 02-02-2009 08:54 AM
Message 36 of 46
oracles
Valued Contributor

Re: Mint.com - setting yourselves up for identity theft


@Mark_in_Pasadena wrote:

@Anonymous wrote:
Mark_in_Pasadena:

I believe that Desktop Quicken is neither free, nor being developed any longer. It's now online like the others.

No, it's not free, but yes, all full-featured versions of Quicken 2009 are desktop-based (Deluxe, Premiere, Mac 2007, Home & Business, etc.)  It's worth every penny just for the time it saves me in filling out my Schedule D stock trades every year, in conjunction with Turbotax.  Turbotax is another application that I'll only use the desktop version of as well.

 

They have an online version of Quicken that has limited functionality.  I wouldn't ever trust the Web/online version of Quicken either since it has the same possibility of internal employees having access to your data, just like mint.com or yodlee-based clones.

 


 

I understand what everyone is saying about, if someone wants your info, they will/can get it in many methods. However I agree with Mark on using these applications for tracking capabilities. I brought the Quciken desktop version and I use this to track all my accounts. I actually dont use it often due to the fact i actually like checking all my accounts one by one. I am very concern about putting my information out there like this and defer to using quicken. Like Mark, I agree quicken is worth every penny if you use all of its functions and everyday. Again, if these other sites work for you and you are not too concern about the security, then definitely use it.
Message 37 of 46
Anonymous
Not applicable

Re: Mint.com - setting yourselves up for identity theft

I use the FREE online version of Quicken.  I use the FREE Mint service, and I use the FREE Yodlee service.
Message 38 of 46
ChesterPDexter
Established Contributor

Re: Mint.com - setting yourselves up for identity theft

When I first started using Mint, I got more of the "can't log into your accounts" errors.  It had to do with making sure the security questions were the same ones I used on the site they were trying to log into.  Anyway, it still occasionally happens, but that seems to be something that works itself out in the first few weeks of use.
_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Message 39 of 46
Anonymous
Not applicable

Re: Mint.com - setting yourselves up for identity theft

I don't have problems with using Yodlee. That's the service your bank uses if it offers anything like that. BofA seems to have bought the full package, whereas Wells Fargo uses only parts. As I have most of my banking stuff at the latter institution, I started using the original Yodlee.

 

I like it pretty much. It's not very userfriendly at the very beginning, but I like the many options you have. Their customer service is a bit slow, but I guess I can't complain too much for a free product Smiley Very Happy. I still could not change the login for my 401k, which changed procedures some weeks ago.

 

Mint is much easier to use, but it's full of bizarre errors. They think I'm a reckless spender because I put money in investments (well, maybe I am, in the current climate Smiley Wink). They still have two versions of one of my credit cards listed, which was closed due to fraudulent charges. That's weird enough that this info still comes from the card issuer's site, but it's even weirder how they split up my account activity between both account numbers. It's as if I lead some double life Smiley Very Happy.

Message 40 of 46
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