Tips for Identity Theft Prevention

The most recent statistics indicate that identity theft may be the fastest growing crime in the United States.  The total estimated cost of this crime is more than an astonishing $50 billion dollars a year, with the average loss to the victim’s personal information being more than $6,000.

There are many things that you can do to help avoid being a victim of this crime. In this article we will describe things that you can do to help protect yourself as well as what to do if you become the victim of identity theft. 

1. Purchase a shredder and tear up all unneeded financial papers. Shred all of the credit card offers you receive in the mail and do not want. Thieves often will go through your garbage, and all they must to do to obtain the card is sign your name.
    
2. Do not use simple passwords when banking or conducting any financial transactions online. The best passwords are long ones, or passwords that contain a combination of numbers and letters. 
    
3. Don’t furnish your Social Security number, credit card number, or any financial information to anyone over the phone. Banks won’t  ask for this information over the phone since they already
   have it.
    
4. Don’t carry your Social Security card or any seldom-used credit cards in your wallet. If you don’t use them, don’t carry them.
    
5. Whenever you order personal checks, have as little personal information as possible printed on them. You should never put your phone number or social security number on your personal check. 

If you do suspect that you have become the victim of identity theft there are some things that should do immediately.

1. Call the fraud units of the three major credit bureaus and request a fraud alert be placed on your credit file.
    
2. Report the suspected crime to your local police department. Make sure that you obtain a copy of police reports because creditors will often require confirmation that there was an alleged crime before they will conduct investigations.
    
3. Request copies of your credit report from the credit bureaus to see if any fraudulent accounts were opened without your knowledge.
    
4. Call all creditors with whom your identity or identifying data may have been fraudulently used.
    
5. Contact all financial institutions wherever you have accounts that an identity thief has acquired your account or where an account has been opened in your name without your knowledge. You may also place stop payment orders on any outstanding checks that have not cleared, as well as change your ATM card, account, and PIN.
    
6. Document the names and phone numbers of anyone with whom you discussed your case and keep all original reports and supporting documents.
    
7. Contact The Federal Trade Commission. This is the federal clearinghouse for identity theft protection and identity theft prevention. The many complaints about identity theft that the Commission receives assist it, and many other law enforcement agencies, track down, investigate and prosecute identity thieves. You can file a complaint with the FTC by contacting the Consumer Response Center by phone. 

If you determine that you are the victim of identity theft do not panic, but remember some of the guidelines mentioned in this article.

About the Author:
Tony Evans is the owner of Truth Investigations in Birmingham, Alabama. For more information visit http://www.alabamaprivateinvestigator.net/ or you may also visit http://www.truthinvestigators.com/