What Is Identity Theft? And How Do You Prevent It?

How To Protect Yourself From Identity Theft

Identity theft is a crime whereby an impostor acquires important pieces of personal information including driver’s license and Social Security numbers to impersonate somebody else. The impostor then uses the information to obtain merchandise, credit, or services in the victim’s name or to provide the impostor with false credentials. Other than running up debt, the impostor can provide false identification to the police thereby creating a criminal record for the person whose identity they have stolen. Exactly What Is Identity Theft? Account takeover type of identity theft, the impostor uses personal information to obtain access to the existing accounts of the person. In most instances, the impostor will change the mailing address on the victim’s account and run up a massive … Read more

Why You Should Regularly Check Your Credit Report

Why You Should Regularly Check Your Credit Report

Check your credit report often!You need to check your credit report often. If you think you only need to think about your credit report when seeking a loan, think again.

Your credit report is a valuable tool in identifying reporting errors and is even an early warning for identity theft. Being proactive in monitoring your credit score can help you resolve previous credit problems faster and help you avoid future credit problems altogether.

When and How to Check Your Credit Report

It’s recommended that you check your credit score at least once a year. There are three major consumer reporting companies that can provide your credit score: Equifax, Experian or TransUnion.

You can contact any of them to sign up for a detailed credit score subscription. However, you’ll have to pay for such services, whereas the U.S. government provides free access to your credit report through each of the three consumer reporting companies once each year via AnnualCreditReport.com.

To make the most of this free service, you can check your Equifax credit report early in the year, your Experian credit report in the middle of the year and your TransUnion report later in the year, for example.90% of top lenders use FICO® ScoresWhat’s your FICO® Score? Find out now for $1 with enrollment in Experian Credit TrackerSM!Check your credit report often!

Why you need to check your credit report for free every year!Click To Tweet

Check your credit report and score for Free at Quizzle! Don’t Guess. KNOW.® Get Started Free!Check your credit report often!

Why You Should Regularly Check Your Credit Report

You need to look for errors in your reports.

Your credit report affects how much money your bank is willing to loan you (if any at all) and on what terms. If there is a reporting error from any of the three reporting companies, it’s important to take care of it immediately, before you try to apply for a loan. Aside from banks, potential employers also could request a copy of your credit report.

By regularly checking your report, you can spot discrepancies as soon as they arise and avoid a major headache when applying for a loan or a job. Check to make sure your name and basic information is up to date and spelled correctly and that all of the credit cards or loans that are listed are actually yours.

Your credit report can alert you to identity theft.

When looking for errors in your report, you might see that someone else’s social security number is listed, or that it includes loans that you never applied for. These mistakes could have been made by the consumer reporting company or by your creditors, or they could point to a much larger problem: identity theft.

Read more

What to Do Right Now Before You Lose Your Wallet

What to do before you lose your wallet.

Have you ever lost your wallet? Of course, it can be a traumatic event in anyone’s life. But, there are steps you can take right now to help you before you lose your wallet. I can remember when my wife lost her’s at Walt Disney World of all places. She was lucky and someone had turned it into guest services. I’m probably going to jinx myself when I say this, but I have never lost my wallet…not once. But, as most people can attest to, it may just be a matter of time. According to a report from CNN, less than 20% of all wallets that are lost are returned to the owner. So forewarned is forearmed. Here are tips … Read more

How to Spot and Prevent Medical Identity Theft

Medical Negligence Claims

It can happen out of the blue. You get a bill for health services that you never obtained, or maybe you file an insurance claim and your insurer tells you that you have reached your benefit limit. Identity theft can also be found in the medical and healthcare sectors. It is not just limited to your financial data. In this case, identity thieves confiscate people’s health insurance and personal details so they can obtain certain types of treatment, procure prescription drugs and receive medical care. How to Spot Medical Identity Theft Unfortunately, there are even people working in the medical field that are using patients’ information in order to submit bogus claims to insurance firms. Not only can your budget … Read more