July 19, 2008
How To Stop Identity Theft
Tip! Purchase identity theft insurance. This will cover any losses incurred while recovering your lost identity once a crook has stolen it.
In today’s technologically advanced world more and more people are falling victim to identity theft both online and offline. It was reported by a general accounting office that over 700,000 Americans have their identity stolen every year and that number is expected to rise over time. While many thieves operate online there are still many “dumpster divers” who go through people’s trash cans looking for a credit card statement or a solicitation that someone forgot to tear up. You may be thinking that people don’t do this stuff but there are people who spend a lot of time waiting on someone to forget to shred a piece of their personal information so they can take it and start running up your credit cards and using your social security number. It may be impossible to stop someone from stealing your identity entirely, but there are things that you can do to lower the risk of having it happen.
Tip! Medical identity theft. Someone steals your identity and either obtains medical insurance in your name or uses your current medical insurance policy to obtain treatment or prescriptions.
A simple way to stop thieves from getting your personal information by dumpster diving is to remember to destroy all private records and statements. You can tear the stuff up, but it is best to shred it. Credit card statements, documents with financial information and solicitations all need to be shredded. It is also a good idea to secure your mail, you can do this by emptying your mailbox quickly, lock it or get a P.O box. By securing your mail it will stop thieves from stealing credit card pitches and other financial information. Never mail bills or checks from your home, it is simple for thieves to go through your mail and get a bill or check and change the payee’s name on the check by erasing it with solvent. Mail out all of your bills and checks from the post office since it is the most secure location to do so.
Tip! It is important that you install a locked mailbox at your residence for enhanced identity theft protection.
Your social security number should also be protected. You should never carry your social security card with you or any other card that may have your number on it, this includes your heath insurance card. The social security number is the key to all of your information so thieves look for stuff like this. If they get your social security number they can get access to other important information like your credit report and your bank account. Also remember to never leave ATM, credit card or gas receipts behind.
Tip! Social Security Number (SSN) identity theft. Someone steals your SSN and obtains employment in your name.
A lot of people have their identities stolen because they fail to educate themselves about who they’re giving their private and financial information to. When someone calls with some kind of special offer or something don’t be quick to give up your information if you’re interested in their offer, first ask them who they are and what company they represent and then do a little research yourself. Don’t ever give up your financial information over the phone. Monitor your credit card, obtain a copy of your credit report annually and review it thoroughly for anything that may look suspicious to you. Also thoroughly review your credit card statement, make sure all of the merchants look familiar and if they don’t, call your credit card company and notify them about the suspicious things on your statement.
Tip! Ask your financial institutions to add extra identity theft protection to your account.
There are simple precautions that you can take to stop criminals from obtaining your private information. Be more aware when you use your credit card and don’t forget to shred up all important information that you throw into the trash.
Michael Russell
Your Independent guide to Identity Theft
