July 28, 2008
How to Prevent Identity Theft
Identity theft remains one of the fastest growing crimes in America and has topped the FTC’s list of consumer complaints for the past eight years straight.Chances are, you know someone in your family or at work who has been a victim of identity theft. Beyond the financial costs, identity theft victims can spend hundreds of frustrating hours talking to credit card companies, banks, police and credit bureaus repairing the damage. Factor in that thieves may hold onto information for as long as six months before using it, and that a single stolen identity may be used up to 30 times, the full impact of the crime really begins to take shape. And unfortunately, you are guilty until proven innocent when it comes to identity theft - adding insult to injury.The fact is you could already be a victim of identity theft and not know it for months.Here are the top five things you can do now to prevent yourself from becoming a victim of identity theft:1) Place Fraud Alerts On Your Credit ReportFraud alerts make it extremely difficult for thieves to open new lines of credit in your name. Fraud alerts have proven 82% effective in […]
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