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Are You The Only One Using Your Name?
Identity theft has become an epidemic. Millions and millions
of purses and wallets are stolen everyday and many of them are
not just taken for the money inside. Thieves can use your credit
cards to buy whatever they want to and whose credit does it ruin?
Yours. Now, you are probably thinking about how easy it is or you
to cancel your credit card, and you have protection through your
issuer, but do you realize that by using your drivers license
these thieves can get a whole new credit card? One you don't even
know about? If this happens to you, you will find that it is
anything but easy to fix. Proving that your identity has been
stolen can be extremely difficult to prove and getting your
credit back up to snuff is next to impossible.
This terrible crime is so prevalent that it is something that
we all should educate ourselves about so that we can prevent it
if at all possible or at least know what to do once it has
happened.
One of the simplest ways to safeguard against identity theft
is to keep your personal information to yourself. Don't give out
much information, ever especially on the phone or online. It may
be okay for you to give some information if you made the call to
a company that you trust but if you are on the receiving end of
the call forget it, this person could be anyone from anywhere.
You have probably been asked for your Social Security Number when
applying for credit over the phone or on the Internet, but you do
not have to give it out. Ask the person or company you are
dealing with if there are other options for you to do
instead.
You might want to keep a detailed list of your credit card
companies in a place that you will be able to find them quickly
in case your cards ever get stolen. The sooner you report the
theft to them missing the better off you will be. If you wait and
the thief maxes out your card you could face taking some
responsibility.
Getting a copy of your credit report on a regular basis will
help you to nip any credit card fraud in the bud. If you do not
go over your report you may miss what is going on and this is
just giving the thieves more time to get away with their crime
while getting yourself in even more trouble.
Everyone, and I mean everyone should invest in a paper
shredder. Destroying all of your financial documents before you
throw them away is another very important step to preventing
identity theft. Identity thieves are great for going through
people's trash and picking out what they need. Don't forget to
shred all of the pre-approved credit card offers that you get in
the mail all of the time. If these get into the wrong hands they
could mean the end of your good credit.
Martin Lukac, represents, #1 Loans USA, a finance web-company
specializing in real estate/mortgage market. We specialize in
daily updates, rate predictions, mortgage rates and more:
http://www.1LoansUSA.com
MORE RESOURCES:
Credit - Google News
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