Prevent Identity Fraud When Using Credit Cards

Don't wait until your identity has been "stolen" toThere are a few cautionary things you can do to
worry about it. Identity fraud is a severe crimehelp prevent identity theft. After reading your
with serious repercussions that can take monthsmail, cleaning your desk at home or work, or
or even years for victims to repair, not tocleaning out your car- do not just throw your
mention hundreds to thousands of dollars. Ifpersonal items in the trash. Receipts, utility bills,
someone has stolen a credit card, or has obtainedbank statements, loan statements and credit card
enough information about you to start applyingoffers and statements should be completely
for new loans and credit cards, your credit scoredestroyed prior to throwing away. Invest in a
is going to be adversely effected. You will likelypaper shredder and shred everything you are
have difficulty obtaining a job (employers arethrowing away to eliminate the possibility of
making credit checks a regular part of thesomeone finding out information. Alternatively, you
interviewing process), you'll be denied credit forcould burn your paperwork. When throwing away
things you apply for. You will have a hard time, ifcredit cards, shred them or cut them into many
not find it impossible, to obtain college loans,small pieces.
vehicle financing, credit cards, and mortgages. InIt used to be that people felt it would be difficult
some cases, identity fraud victims may even beto use another person's credit card. After all, you
arrested for crimes they haven't committed,have to sign your name when making a purchase
because someone else is living under their namewith a credit card, right? You need to protect
as well.your credit cards in the same way that you
How does identity theft happen? Most people areprotect your cash. Merchants rarely check that
fairly careful with their personal information, sothe signature on the back of a credit card
how can someone steal the "identity" of anothermatches the signature that is signed on a receipt
human being and get away with it?when a purchase is made.
There are many ways identity thieves are able toIf you have lost a credit card, or it has been
get personal information from people. In somestolen, report the situation to your creditor
cases, the thieves work for companies whereimmediately. The credit card company will put a
they have access to individual records via ahold on the account to prevent any purchases
computer or through paper files. Sometimes, afrom going through- and they can also track the
person doesn't even need access to thelocation where someone has attempted to use
information, they'll just hack into the computerthe card. This will help in the efforts to find the
system and retrieve the information they need tothief. When you are dining at a restaurant, be
steal someone else's identity. One of the mostmindful of paying with a credit card. Most waiters
traditional ways for someone to obtain yourwill take your card to the register to process it,
personal information is by going through your mail.and the card is out of your sight during this time.
Whether they steal it right from your mailbox orHow do you know the waiter or someone else
find it in the garbage, if someone finds bank orisn't writing the numbers and name down from
credit card statements, checks that have beenyour credit card to use it for online purchases
voided but not ripped up, new credit card offerslater on? Consider paying with cash whenever you
and tax related information, they usually haveare at a restaurant.
enough information to become "you". People whoThe biggest precaution you can take on a regular
go through garbage containers are known asbasis is to view your credit card statements and
"dumpster divers", and will often be found lookingbank statements as soon as you receive them.
for information in public trash areas and businessLook for any purchases that you did not make,
dumpsters.and call the credit card company immediately if
There are people and businesses in the world thatyou find something you are unsure of. If identity
have a legitimate right to access another person'stheft is caught early on, it can often be stopped
credit report. These people include landlords,before it gets out of hand. Also keep track of
employers, and businesses that must run creditwhether or not you're receiving your statements
reports prior to extending credit. Identity thievesevery month. If you are missing a credit card
often become employed at these organizations instatement, call the company to verify the
order to obtain access to the personal informationaddress it's being mailed to. It's possible that
they need to do their crime.someone filled out a change of address form at
Opportunities for thieves to find your informationthe post office or with the credit card company,
are endless. Identity thieves are smart; you haveand is receiving your statements at a different
to be smarter.address with intent to use the information.