3566: [Part 2] The Price of Inattention by Michael Smith with Financial Finesse on Financial Awareness

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🗓️ 20 May 2026

⏱️ 9 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3566: Michael Smith shows how quickly unchecked credit fraud can unravel someone’s career opportunities, insurance costs, and peace of mind, and how persistence, organization, and vigilance helped rebuild both financial stability and confidence. Read along with the original article(s) here: https://www.financialfinesse.com/2015/01/02/the-price-of-inattenton/ Quotes to ponder: "She unwound a horrible situation, worked her way out of it by spending hours fixing it and documenting every conversation she had and she now feels invincible financially." "My take away from her case is that we must all be aware of what is going on in our financial life." "If we fail to pay attention, it’s possible for bad things to be happening beneath the surface." Episode references: Credit Karma: https://www.creditkarma.com Credit Sesame: https://www.creditsesame.com Annual Credit Report: https://www.annualcreditreport.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Some follow the noise.
0:03.3	Bloomberg follows the money.
0:05.4	Because behind every headline is a bottom line.
0:09.3	Whether it's the funds fueling AI or crypto's trillion dollar swings,
0:13.8	there's a money side to every story.
0:16.5	And when you see the money side, you understand what others miss.
0:20.8	Get the money side of you understand what others miss.
0:22.3	Get the money side of the story.
0:25.3	Subscribe now at Bloomberg.com.
0:30.3	This is Optimal Finance Daily.
0:36.4	The Price of Inattention, part two by Michael Smith with financial Finesse.com.
0:43.4	After the police report was filed, she contacted every credit card with a copy of the police report.
0:49.4	Some were very understanding, and with the police report number and an outline of the facts of the case,
0:53.3	they closed the account and didn't hold her responsible for any of the balances.
0:55.3	And they said that they would remove her account from credit reports. That part took as long as three to four months to
1:00.3	complete. Others, though, disputed her dispute. It wasn't until they sent her a copy of the
1:06.8	account opening agreement with a signature that clearly did not resemble hers at all,
1:11.7	and she gave samples from tax returns of her signature, along with a signed affidavit
1:17.3	attesting that the signature wasn't hers, along with a copy of the police report and the
1:22.8	officer's business card, that they finally accepted her lack of responsibility and began the process of
1:29.1	removing negative information from her credit report. She also placed a freeze on all three
1:34.8	credit bureau files and disputed every fraudulent account. Eventually, everything got removed,
	...

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