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Identity theft prevention and identity theft reporting are both discussed in this article. Keep your credit history clean and avoid identity theft by checking your free annual credit report with the top 3 reporting agencies. Identity theft and identity fraud are common credit problems.
One of the things that can be most damaging to your credit history is identity theft. Identity theft occurs when someone pretends to be you in order to get some sort of benefit. This can be using your Social Security number to get approved for a loan, stealing your credit card information and making purchases, or any number of things in which someone acts as you.
Because unauthorized purchases and new credit accounts can damage your credit rating, it is important to be vigilant. Do your best to minimize your risk of identity theft, and keep tabs on your accounts and credit report so that you can catch any problems – and work to solve them – as quickly as possible.
Protecting yourself from identity theft
In today's world, it is impossible to completely protect yourself from identity theft. Because of how much information is being shifted around, and stored, it is possible for any number of actions to ultimately result in identity theft. There are many forms of identity protection and building online. There are, however, some things you can do to limit the risk of having your identity stolen:
• Be wary of people asking for your personal information. Do not disclose entire bank account numbers, Social Security numbers and other information over the phone, through the mail and on the Internet. Make sure that you are dealing with a reputable company. Don't be afraid to ask how the information will be used, and don't be afraid to request another method of identification.
If you are a victim of identity theft
If you do become a victim of identity theft, quick action is of the utmost importance. You must act quickly to limit and repair the damage.
• Immediately contact the three major credit bureaus and let them know of the problem. Have them place a "fraud alert" (this service is free) on your credit report. This will ensure that your permission has to be obtained before any new accounts are opened using your name.
Do not rest your vigilance when it comes to keeping your identity safe. Your financial reputation depends upon it.
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