Identity theft is the act of stealing an individual s personal information. Personal information is considered a valuable commodity in the black market as they can be used to open bank accounts, get credit cars, seek loans, and claim state benefits or state documents like driving licenses or passports. This article discusses effective identity theft protection, useful identity theft check systems to see if you are a victim, and what you can do if you are a victim of identity theft.
Criminals can commit identity theft through different means like stealing your personal information from your garbage and rubbish bags or through impersonating a legitimate organization like a bank or government agency through personal meetings, regular mail, or even through the internet. The consequences of identity theft are grim and can affect your personal financial status and can cost the government and financial services millions of dollars a year. A person whose identity is stolen may have difficulty seeking loans, mortgages, and even credit cards until the matter is cleared and sorted out.
There are several steps you can take to make sure that you have proper identity theft protection. Always make sure that banks and other financial institution that will be sending you mail that may include personal information or crucial financial instruments, like new credit cards or checkbooks, have your appropriate address so that your mail will not get lost and fall into the wrong hands. If you live in a property or building where other people can have easy access to your mail, you can always arrange with your bank to pick up crucial financial instruments at a nearby bank branch rather than through the mail. You should also alert the banks and other financial institutions you use if you are moving to a new address as soon as possible.
Another place where identity theft is prevalent is the internet. Whenever possible, only do business with websites that have identity theft protections and have an identity theft check system. Do not provide your personal information or reply to emails seeking your personal information from resources and websites you do not use to prevent credit identity theft.
A good way of finding out if you are a victim of identity theft is to check your credit report and credit ratings from approved credit reference agencies your banks use to check for credit identity theft. Also check with the government for last requests of information or crucial documents to see if anyone has taken new documents other than you.
If you are a victim of any type of identity theft report immediately to the police and the banks, government agencies, and financial institutions concerned, especially in the cases of credit identity theft where the criminals can be immediately tracked down.
Identity theft is a problem that can plague all of us. But, with the proper amount of preparation and security checks, you can help prevent identity theft from happening to yourself and your family. Act now and help defeat identity theft.
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This article has been provided by http://www.free-credit-reports.com , where you can compare credit report and identity theft protection services with this comprehensive chart of all credit report and credit score service providers.
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