Identity Theft

A survey conducted by Zogby International for TransUnion found that more than half of respondents either have, or know someone who has, been a victim of identity theft or fraud.

TrueCredit offers the following consumer tips:

1. Use a paper shredder to ensure personal information and pre-approved credit offers don’t end up in the wrong hands.

2. Don’t carry extra credit cards, your Social Security card, birth certificate or passport with you unless needed.

3. When you order new checks, don’t have them sent to your home. Pick them up at the bank instead. Stolen checks can be altered and may be cashed by fraudsters.

4. Check your credit reports frequently to ensure accuracy. Consider a subscription credit monitoring service with a report locking feature to control when, or if, creditors can access your report and to receive email alerts when critical changes occur.

5. Provide personal information over the phone only if you’ve initiated the call. Identity thieves may call you and pose as banks or government agencies to extract this information.

6. Follow your billing cycles closely. A missing credit card or other bill could mean an identity thief has changed your billing address.

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2 responses to “Identity Theft

  1. Suggestions for quality “subscription credit monitoring services” ???

  2. there are 3 companies that provide these services: Equifax, TransUnion and Experian. all 3 base their metrics on Fair Isaac Corporation’s FICO score. My suggestion would be to start with a Score Watch 30 day free trial at myFICO.com. additionally there are some services that aggregate all 3 companies ratings into one product, however I cannot attest to their ‘quality.’

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