Friday, February 4, 2011
Digital identities have made identity theft easier as it increased its number of victims million every year. Close to ten million Americans are becoming victims of this crime and its number continues to increase. The constant increase in victims make identity theft a real threat to American consumers and the sad fact about identity theft is that anyone can be a victim of identity theft.
When another person accesses your identity, these persons can cost you thousands of dollars even draining your bank account and costing you more debt than you can imagine. More than that, identity theft criminals can ruin your life and wreck your future because a stolen identity can also mean a low credit score which can potentially affect your future employment. Potential employers often check their applicant’s credit rating and if they find anything undesirable in your credit report, then you there is a big chance that you will not be hired. They cannot determine if you are a victim of identity theft crime that is why it is important that you take all the necessary precaution to stop identity theft cold before it is reflected in your credit report.
Identity theft is one of the saddest facts about your life. No matter how law-abiding you are and how diligent you’ve been in paying your dues and credits, you can never really say if somebody else has accessed your account and taken hold of your important information. If you want to protect your name fully, you need at least three strategies:
Keep as much personal information as possible. It is practically pointless to say that you do not want to be a victim of identity theft yet you provide your personal information to the first bank representative that calls you up without checking the identity of the person on the other line. Of course, your personal information needs to be provided to people “who matters” like your doctor, employer, insurance agent and more but you do not just give out your information to anyone that you meet on the street. Keep your documents close and your wallet closer because lost wallets can also be the key to your identity.
Check your credit report. It is important that you check your credit report regularly because if there are any changes in your credit, it will be immediately reflected in your credit report. More than just checking your credit report, you should also try to run a full background check on yourself at least once every two or three years. This would ensure that nobody else is committing crimes under your name or doing other activities that you are not aware of.
Subscribe to credit monitoring activities. When you subscribe to credit monitoring activities, you will be informed if there are changes in your credit report and you don’t have to bother yourself requesting for your credit report from time to time. Credit monitoring facilities can be conveniently found online and all you have to do is choose the best service provider for your credit monitoring needs.