Ways To Avoid Becoming A Victim Of Identity Theft?
What Should I Do To Avoid Becoming A Victim Of Identity Theft
Courtesy of the US department of justice.
For everyone to reduce or minimize the risk of becoming a victim of identity theft or fraud, there are some basic steps you can take.
The first thing is to be stingy
When giving out your personal information to others unless you have a reason to trust them, regardless of where you are:
If You Are At Home:
1). Best is to Start by adopting a “need to know” approach to your personal data. Your credit card company may need to know your mother’s maiden name, so that it can verify your identity when you call to inquire about your account.
A person who calls you and says he’s from your bank, however, doesn’t need to know that information if it’s already on file with your bank; the only purpose of such call is to acquire that information for that person’s personal benefit.
And the more information that you have printed on your personal bank checks such as your Social Security number or home telephone number – the more personal data you are handing out to people who may not need such information.
2). If someone you don’t know calls you on the telephone and offers you the chance to receive a credit card, a prize, or other valuable items, then asks you for your personal data — such as your Social Security number, credit card number or expiration date, or mother’s maiden name — ask them to send you a written application form, and If they won’t do it, you can tell them you’re not interested and hang up the phone.
3). In case they do, review the application carefully when you receive it and make sure it’s going to a company or financial institution that’s well-known and reputable.
The Better Business Bureau can give you information about businesses that have been the subject of complaints.
When you are On Travel:
1). If you’re traveling, have your mail held at your local post office, or ask someone you know well and trust , a friend, or a neighbor to collect and hold your mail till you come back.
2). In case you have to telephone someone while traveling, and need to pass on personal financial information to the person you’re calling, try not to do it at an open telephone booth where passersby can listen in on what you’re saying- use a telephone booth where you can close the door, or wait until you spot more of a private area for calling.
Often Check your financial information, and look for what should be there and what shouldn’t:
What Should Be There:
1.) If you have bank or credit card accounts, make sure you are receiving monthly statements that list transactions for the most recent month or reporting period.
2). In case you are not receiving monthly statements for the accounts you know you have, call the financial institution or credit card company immediately and ask about what’s going on.
3). If they tell you that your statements are being mailed to another address that you haven’t authorized, tell the financial institution or credit card representative immediately that you did not authorize the change of address and that someone may be improperly using your accounts.
And In such situation, you should also ask for copies of all statements and debit or charge transactions that have occurred since the last statement you received. Obtaining those copies will help you to work with the financial institution or credit card company in determining whether some or all of those debit or charge transactions were not yours.
What Shouldn’t Be There:
1.) When someone gets your financial data and makes unauthorized debits or charges against your financial accounts, checking your monthly statements carefully may be the quickest way for you to find out.
Many of us give those statements, or the enclosed checks or credit transactions, only a quick glance, and don’t review them closely to make sure there are no unauthorized withdrawals or other charges.
2). If someone manages to get access to your mail or other personal data, and opens any credit cards in your name or takes any funds from your bank account, contact your financial institution or credit card company immediately to report those transactions and to request further actions.
Ask periodically for a copy of your credit report.
Your credit report should list all bank and financial accounts under your name, and will provide other indications of whether someone has opened or used any accounts in your name.
Always Maintain careful records of your banking and financial accounts.
Even though financial institutions are required to maintain copies of your checks, debit transactions, and similar transactions for five years, you should retain your monthly statements and checks for at least one year, if not even more.
If you ever need to dispute a particular check or transaction especially if they purport to bear your signatures, these original records will be immediately accessible and useful to the institutions that you have contacted.
Even when taken all these steps, it’s still possible that you can become a victim of identity theft. Records containing your personal data such as credit-card receipts or car-rental agreements, for example, may be found by or shared with someone who decides to use your data for fraudulent scams.
This help is a courtesy of the department of justice.
Hope this information will help fraud and identity theft victims to the max.
If you need further help please drop me a comment below I’ll be more than glad to give you a hand.. Sincerely Sam Ammouri Also Read