Preventing Identity Theft And Credit Card Fraud: How To Protect Your Credit Information by Ed Vegliante
According to a recent poll by Experian, one in five Americans has reported they have experienced some form of identity theft. If it happens to you, and your identity is stolen, you might be in for a lengthy hassle that could cost you your credit rati
According to a recent poll by Experian, one in five Americans has reported they have experienced some form of identity theft. If it happens to you, and your identity is stolen, you might be in for a lengthy hassle that could cost you your credit rating and leave a permanent blight on your financial records.
How Credit Card Theft Starts
Thieves start by targeting your personal information: Social security numbers, bank statements, tax reports, credit card debit information and passwords, or even your checkbook. Dont leave this valuable information lying around at your office, or in your car. Be aware that you are leaving a door open for anyone to get access to your bank account or credit card information. Question anyone who asks for your credit information, including employers; find out what their privacy policy is and get a copy of it. Shred all documents no matter how insignificant they may seem to you. In addition, dont ever lend your credit card to ANYONE, including family members, unless you are willing to take on their debt personally. Many family arguments have ended up in court with bitter feelings from one time casual credit card or debit card lending that got out of hand. When you apply for a credit card, be certain that their online application is secured, and the privacy notice is posted.
Spotting Signs of Identity Theft
* If youve frequently been missing your credit card bill, or your mail keeps getting lost contact the post office immediately. If you live in an apartment complex , find out from your superintendent or manager if you can change your mailbox key. A missing bill could mean that an identity theft has occurred and the billing address has been changed.
* If youre suddenly getting credit cards (not just a credit card offer) from companies that you didnt apply. Call these companies and find out if you are the account holder; if not verbally cancel the account and follow up with a written letter.
* If youre being denied credit, or your credit card terms are suddenly being changed to higher interest terms, for no obvious reason.
* Youre suddenly getting phone calls and letters from creditors about purchases you did not make.
How to Protect Your Credit Information
The best protection is constant awareness of the use of your credit information. Choose your passwords carefully. Avoid using any easily available information, such as your mothers maiden name, your birth date, the last four digits of your SS#, or your phone number. If you must use this type of identifier in opening an account, request a password change immediately after opening the account before it slips your mind. Secure your credit information at all times, even around your house--if youre having work done on your home, or if youre having a big party, or your roommate brings home guests. Dont give out any information unless you know exactly how it will be used and by whom.
The Best Defense for Your Credit Security:
Stay vigilant. Review your credit card statements every month, and question any suspected purchases by contacting your credit card issuer directly. If you suspect an unauthorized purchase, send a letter to your credit card issuer detailing the item in question and any reference numbers. The credit card issuer is required to investigate your claim and report back to you, in writing, of their findings. You can also request a free annual monitoring report from each of the major consumer reporting agencies: Experian, Equifax and TransUnion. A recent amendment to the Fair Credit Reporting Act requires that these credit reporting companies provide these reports to you at your request, every 12 months.
Its your credit. Protect it!
Copyright 2005 Ed Vegliante.
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt
Landover Hills town
Mount Healthy
Leadore
Old Tappan borough
Senath
Alexandria
Allen County
Balance of Shelby County
Beverly township
Pottsboro town
Dewey township
Balance of Shiawassee County
Balance of Akron township
Westland
Mount Morris
Breedsville village
Blue Island city (pt.)
Alton
Farley
St. Marks
Lawrence town
Paulding village (pt.)
Darlington borough
Hovey township
Balance of Fayette County
Balance of Vincennes township
Butler
St. Albans town
Seven Devils town
East Brunswick township
USA UK Australia Canada
Germany
Cape Verde
Guam
Montserrat
Bulgaria
Reunion
Johnston Atoll
United States
Philippines
Czech Republic
Brecknockshire
Buckinghamshire
Northamptonshire
Montgomeryshire
Lancashire
Shetland
Dunbartonshire
Northumberland
Midlothian
Shetland
Oklahoma
(OK)
District of Columbia
(DC)
Kansas
(KS)
Pennsylvania
(PA)
Minnesota
(MN)
Massachusetts
(MA)
California
(CA)
Northern Mariana Islands
(MP)
Utah
(UT)
Indiana
(IN)
Washington
(WA)
Federated States of Micronesia
(FM)
North Dakota
(ND)
California
(CA)
Kansas
(KS)
Marshall Islands
(MH)
Wyoming
(WY)
Palau
(PW)
Federated States of Micronesia
(FM)
Vermont
(VT)
