Although advances in technology have made life easier for you, they have also increased the chances of you becoming the victim of financial fraud and identity theft. Many people find themselves in financial difficulties through no fault of their own when someone steals their identity and uses their financial information to obtain loans and leave the person to pay for them. You have to be extremely careful about where and to whom you give your credit card information because it could become public knowledge and thus an unscrupulous person could gain from it.
Credit card companies are always sending out promotional material with a pre-approved credit card. All you have to do to be able to use the card is to sign the form and send it back to the company. If you are not interested in this offer, make sure you shred the card and the information so that no one else can use it. In many landfills, there are people who do go through the trash to find cans and bottles that they can return for the deposit. If through the process of going through your trash, they find such an offer letter that has not been torn, they […]
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An identity theft 911 situation is when you first discover you’re a victim of identity theft.Perhaps you’ve just received a bill from a creditor you’ve never heard of before. Or perhaps you’ve just received a call from a bill collector who is demanding you pay for a widget you never bought.Panic time.Somebody is using your name, reference numbers (i.e., social security number, etc.) or other personal information to set up fraudulent accounts that you’re getting billed for. You’re also wondering if maybe they’re tapping into accounts you’ve legitimately opened.You’ve got good reasons to be upset.Trying to clean up the fraud after you’ve experienced a Identity Theft 911 moment doesn’t cost just money. It costs time … and lots of it. Some Id Theft experts estimate it will take at least 200 hours to fix or repair your records (And this is IF you uncover ID fraud as soon as it happens AND begin contacting credit reporting agencies, creditors and agencies quickly.What are a few of most important things to do when first contacting the credit reporting agencies? Here are a few of the details often overlooked by fraud victims:– Request that a “fraud alert” […]
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In all the sensational reporting about identity theft and ID fraud over the last few years, the focus has primarily been on the misuse of the victim0s credit cards, the rifling of bank accounts and other financial crimes. However, the charge cards and banking information are not the only proceeds of the crime that the perpetrators value.
The identity itself, with supporting documents, can be infinitely more valuable than a credit card. The credit cards will be reported lost and will be useless minutes after the theft is discovered. Unfortunately, you cannot 0cancel0 your identity, even as someone else starts to use it.
The fact is, much identity theft is just a means to an end for a certain kind of swindler. Often, these are people without solid work or residential histories, no credit rating to speak of and so forth. However, armed with your driver0s license, Social Security card and a little bit of counterfeiting skill (or someone else0s, for a price), someone else can hijack your identity 0 and get a new job with it.
Stolen identities are not the only things that surface when companies do criminal records checks, but they should show up quickly. Among the first things that […]
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