|
|
[Prev] 1 2 3
Identity Theft: Keys to Protecting Your Identity
Author: Shawn Hill
The fastest-growing crime in America is identity theft. Only 1 in 700 criminals who commits this crime is ever caught. If someone steals your identity, it is estimated that it will cost 125 hours and over $1500 to have it corrected. And that is not even the really bad news.
If someone opened up a bank account in your name, how soon would you know about it? Would you know it when you went to purchase a house? How about when they pulled your credit to buy a car? What about after 3 years and $1000s of dollars in debt?
I am going to share with you some steps you can take to protect your identity:
- Join a service. There are services out there that will monitor your credit. I am a member of Pre-Paid Legal, and we offer this type of service. Make sure that you get a service that will provide you with your credit report, monitor your credit, and also assist you if something goes wrong. This is where most fall down.
- You should check your report at least once every 4 months if not more often. You can do this for free by requesting your report from 1 of the big 3 bureaus once every 4 months. You are allowed 1 free report a year. Don't order them all at the same time. Order them 1 at a time, and you will stay updated.
- Protect Your SSN. This is the easiest way to steal your identity. I really don't like it when the pre-paid credit cards ask for this information. Don't give it out just because someone asks. Make an objection. There should be other ways that they can use to identify you. If they persist, just leave.
- Put a password on your accounts. This will protect against someone getting your information and calling in, pretending to be you. It should be at least eight characters long. Make it a phrase instead of just one word. Don't use your mother's maiden name, pet's names, birthdates, or a family member's name. If you want to keep a list, keep it in a safety deposit box or a locked file cabinet.
- Secure your mailbox. Take your financial information to the post office instead of just leaving it in your mailbox. If you go away on travel or are moving, make sure you have the post office hold your mail. Put in a forwarding address to make sure that no old mail will be sent to the old address.
No one will protect your identity better than you. And don't think that just because you have bad credit, you will be safe. I used to think my credit was so bad that if I declared bankruptcy, it would actually raise my score. Even if you have bad credit, make sure to protect it so that it does not get any worse.
If someone steals your identity, they steal something very personal. It will then be on your shoulders to prove your innocence. You will be considered guilty until proven innocent. And the creditors will want to get their money from someone. Don't let it be you! Got credit power - Empower your life!
About the Author:
WWW.GOTCREDITPOWER.COM is a website that is dedicated to increasing wealth and reducing debt. It includes tips, articles, and features on credit, home-based business, and getting out of debt.
|
