It is understandable why a lot of people have become fans of technology nowadays. Technology did not only make a lot of things easier, it also made previously impossible things doable through the Internet – like shopping while sitting comfy in front of our computer screens. Continue reading →
If you suspect that someone is misusing your credit information or that you are currently being victimized by an identity thief, taking advantage of fraud alerts can help stop certain illicit activities. You can request any of the three credit reporting companies to place a fraud alert on your credit account and they will be the ones to inform the other two companies to do the same. An initial fraud alert only lasts for 90 days, but you can always renew it once it expires.
Through this service, the credit monitoring companies can automatically alert businesses and other consumers that someone may be trying to access your credit information. It’s a good way to catch identity thieves in the act and prevent you from being victimized.
Read more and discover about how to prevent identity theft using fraud alerts.
Fraudulent transactions are the most common signs of identity theft. If you spot such a transaction on your financial records or monthly statements, it’s important to report it right away.
If you become a victim of identity theft, you must create an identity theft affidavit by filing a report with the Federal Trade Commission. You must then create a formal police report with the local authorities. The ID theft affidavit combined with your police report serve as your official identity theft report, which you’ll use to dispute the fraudulent charges on your accounts and any accounts illegally opened under your name.
For more information about the process for reporting fraud, Read this article>>>
Being a responsible credit card holder requires dedication. We should not think of it as “free” money, which we can use to overspend and satisfy our impulses. We must consider the dangers these practices can bring about, like inability to pay back on time or accumulating debts. There may be tempting, new offers from credit card companies, but before we get caught up, we should always consider our financial standing.
Taking care of our credit card is one key to achieving a good financial life and maintaining a clean credit track. Paying bills on time and using cards responsibly aren’t enough – we should learn to understand the entire credit card process to avoid possible problems.
If you want to know more about the golden rules for credit card owners, Read more>>>
A social security number can be used for applying for benefits and open new credit accounts –common reasons why thieves usually target it. Adults usually know how to protect their SS number and other personal information, because the negative effects of id theft are difficult to deal with. However, children also have personal information to protect, and because of their clean record, thieves devise different ways to access this information. Parents should be very diligent when it comes to guarding the personal identity details of their children. They should watch out for signs of possible identity theft and must act immediately once they encounter it.
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While credit cards are undeniably a great help during emergencies and difficult financial situations, these actually entail risks related to information security. Nowadays, it can be difficult to transact with your credit card without attracting fraudsters. These scammers usually target unmindful cardholders since their attention are most likely not focused on their cards. This puts a lot of people at risk. The good thing is, there are ways on how to strengthen our defenses against credit scammers and identity thieves. This is through enhanced identity theft protection such as credit monitoring. In a time like this, when identity theft has become very prevalent, it pays to be extra careful as early as we can, than be sorry for years of trying to recover and repair our records.
Read more and discover more about identity theft monitoring tips to enhance security
We always hear of the saying” knowledge is power”. In whatever problem or predicament we experience, this saying actually resonates with much relevance. Being aware of the issue you’re facing provides you a good foothold as you try to devise solutions to address it. When speaking about identity theft, the same principle applies. We always hear of identity theft cases in the media, and we are always bombarded with tips on how what to do when we experience as well as ways of how to prevent it. However, before we can even prevent it, we’d have to understand identity theft facts first and how it could affect us.
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Identity theft protection is a much needed action to secure financial information. Consumers resort to measures in enhanced id theft protection which requires their own participation. You can do this by getting involved in checking your credit and in keeping your financial information safe. Your financial data needs to be stored in a tamper-proof place so that no one could easily access it. The type of information storage that you pick will definitely help in id theft prevention. You can use online storage known as “The Cloud“, your external hard drive, your conventional hard copies, and of course, your own brain. Mixing up the methods of data storage will enable you to have backups of your financial information just in case you accidentally lose them.
Read more and discover about how to keep your financial data safe from identity theft.
Identity theft can affect anyone, and as the Internet marketing and computer age continuously prosper, more consumers become victimized by this type of crime. It will be easier for consumers to defend against this horrifying crime if they know the main reasons behind this. Roaming thieves can steal their credit cards and use it to make overwhelming purchases. Others will try to hack online accounts and use this opportunity to ask financial assistance from relatives and friends. There are thieves that even use your identity for more serious criminal offenses. With these, consumers must keep their personal information and valuables secure at all costs.
For more information about primary causes of identity theft, Read more>>>