What to know if you ever fall victim to fraud in Canada

As scams and bank fraud become more complex, it’s important to know what to do in case you are victimized.

MoneySense’s Penelope Graham asked the Head of Consumer Advocacy and Compliance at Equifax Canada, Julie Kuzmic, about fraud recovery.

The expert shared steps Canadians should take from the moment they find out they have been a victim of fraud, as well as what they should consider down the line as they recover.

How long does recovery typically take? What should be your first steps after you find out you’ve been a victim of fraud? What does the credit dispute process actually look like?

Watch the full video for the answers to these questions and more:

Read a summary of some of the questions answered below:

Read more about fraud and scams:

About MoneySense Editors

MoneySense editors and journalists work closely with leading personal finance experts in Canada. Since 1999, our award-winning magazine has helped Canadians navigate money matters.