Every year in the US, over 30 million people are victims of credit card or other financial fraud. Being the victim of a scam can be embarrassing, not to mention costly. According to the FBI, senior citizens are common targets for many reasons, including the fact that they are less likely to report a fraud because “they might be concerned that their relatives will lose confidence in their abilities to manage their own financial affairs.”
Kia Stinchcombe, Founder of True Link
True Link founder Kai Stinchcombe created the True Link Prepaid Visa Card after discovering that his grandmother was the victim of several credit card frauds. He states on the True Link website that, when his grandmother’s memory declined, he and his mother found she could no longer manage her finances safely and donated to “maybe 150 charities” every year.
As her condition progressed, she wouldn’t remember that she’d already donated so she might donate $10, five times a day.
~ Kia Stinchcombe
True Link Card is a reliable way to prevent fraud
The True Link card tries to provide a reliable way of ensuring your elderly loved ones are fraud-free, without having to invade in their privacy or spend hours trying to follow the money trail.
What is the True Link card?
It works like any other prepaid debit or credit card – your loved one can make purchases online, over the phone and in person. The card is “charged up” from any regular checking account or it can be linked to the direct deposit of a Social Security or pension check. You can also add spending limits and receive monitoring notifications to alert you of any suspicious activity.
Fraud protection
What sets the card apart is your ability to limit which merchants are allowed to charge the card. True Link has developed a database of fraudulent “stores” that can be blocked on the card. You can also block by merchant type – charity, subscription, clothing. By setting up these protections on the card, you ensure your elderly loved one’s finances are not lost to scams, no matter where they come from.
For more information about the True Link Prepaid Visa Card with Fraud Protection, visit the True Link FAQs page.
For more articles like this, see:
- Long Distance Caregiving
- Resources for Central Virginia
- Aging in Place
- Care for the Caregiver
- Legal and Financial
Do you need help managing the care of an elderly loved one in Charlottesville, Harrisonburg, Staunton, or Waynesboro, Virginia?
Contact us at Care is There Geriatric Care Management 800.434.1633 or info@careisthere.com. We offer geriatric care management, support for independent living, assisted living enhancement, Aging Life Care™ services, and peace of mind for long distance caregivers.
AGING LIFE CARE™ is a trademark of the Aging Life Care Association. Only ALCA members are authorized to use this term to identify their services. See the Team page of CareisThere.com for a list of our associates, and look for the Aging Life Care logo on the bio pages of our ACLA members.
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