Credit Identity Theft
Credit is used for many purposes, such as purchasing an item,
applying for a loan, or renting an apartment. However, if credit
information slips into the wrong hands, it can be a nightmare.
With just a bit of your personal information, identity thieves
can receive credit cards, take out loans, apply for jobs, and start
utility accounts all in your name and without your knowledge.
How do you prevent credit identity theft from happening to you?
You can prevent credit identity theft by maintaining a good defense.
Use these tips to protect yourself:
- Keep what is in your wallet to a minimum. Do
not carry your Social Security card or the PIN number for your
ATM card.
- Only provide personal information at secured
websites on the Internet.
- Unless you initiate the call, do not give credit
card or other personal numbers to a caller over the phone, even
if he/she claims to be from a bank or the government.
- Shred pre-approved credit card offers, solicitation
checks, and other personal documents before throwing them away.
- Order a copy of your credit report from the three
credit bureaus annually and check it for accuracy.
What should you do if your credit identity is stolen?
If you believe your credit identity is stolen, act quickly.
Report the crime to your local police.
Call the three credit bureaus to have a Fraud Alert added to your
file.
Experian: 888-397-3742
Equifax: 800-525-6285
Trans Union: 800-680-7289
Call your creditors to make them aware of the theft and limit your
liability for unauthorized charges. Follow up with certified letter
and keep copies.
The above information should be understood to be a general
discussion of the subject matter and DOES NOT constitute
a legal opinion about the situation. For further information
please consult a qualified attorney.
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