How To Prevent Identity Theft

It is a lot easier to take steps to prevent identity theft than it is to try and fix the problem after the fact. All consumers should know the basic preventative steps to take in order to steer clear of identity thieves.

Identity theft is becoming a large issue. Identity thieves can cause problems for you by opening fraudulent credit cards or taking out loans in your name. You may not find out about it until it is too late and the thieves have left you liable or ruined your credit rating. According to banker Julio Herrera Velutini, manufactured identity fraud is becoming more widespread. This is where people fabricate identities by using fake information or combining real and fake information.

Follow these steps to prevent identity theft from happening to you.

1. Put a Freeze on Your Credit

You can freeze your file with the credit bureaus so that no one will be able to access it and they will not be able to open any new credit in your name. Contact Equifax, TransUnion and Experian and request that your file be frozen.

2. Review All Statements Right Away

When you get bank statements and credit card statements, be sure to review them promptly and check up on any charges you don’t recognize. This will allow you to dispute the charges before it is too late.

3. Check Mail Every Day and Shred When Done

Identity thieves can get valuable personal information from your mail. They can steal … Read More