Identity theft is the fastest growing crime in America. According to the Federal Trade Commission, the number of identity theft incidents reached 9.9 million in 2003. These crimes are estimated to have taken the average victim $ 500 and 30 hours to resolve. From stolen credit cards to total identity kidnapping, these crimes are horrific and difficult to prevent frequent and often difficult to correct. Although it is difficult to truly avoid becoming a victim of identity theft, there are some ways you can protect against this damaging crime. 1. Types of Identity Theft Identity theft crimes range from theft of bags to kingpin-style fraud rings.
The definition of identity theft is a crime in which an imposter obtains key pieces of personal information such as Social Security numbers, to impersonate another person. Identity theft occurs when someone takes your mail, steals your wallet or swipes your records from an institution. Most cases can be resolved fairly easily if detected early. Creditors and banks usually hold you responsible for only the first $ 50 of fraudulent charges. The most serious cases of fraud can take several years and many resources to resolve. 2. Preventive measures In this world of smiling strangers, it can be difficult to keep your identity safe. The best security policy must be aware of fraud and cautious about where you share personal information.
Check your statements carefully each month and keep an eye out for suspicious activity on your credit report. A paper shredder can also be a powerful tool for making sure personal information and pre-approved offers of credit do not end up in the wrong hands. 3. If your identity is stolen If you suspect your identity has been stolen, the first step is to get all the facts about the damage. Become your own detective search your credit report and bank accounts for clues. Ask your creditors to immediately cancel any fraudulent charges and consider the possibility of a security alert on your credit report. If the theft is serious, police report. If fraudulent records start appearing on your credit report, send letters of dispute to the reporting agencies with copies of the documents supporting your claim. Register with a credit monitoring service will inform you of changes to its credit. It may take some time to recover fully from the security of your accounts, but it is crucial that you do not let the fraud on the rise. Get your credit report and account NOW!
