Prevent Identity Fraud When Using Credit Cards

Don't wait until your identity has been "stolen" to worryThere are a few cautionary things you can do to help
about it. Identity fraud is a severe crime with seriousprevent identity theft. After reading your mail, cleaning
repercussions that can take months or even years foryour desk at home or work, or cleaning out your car-
victims to repair, not to mention hundreds to thousandsdo not just throw your personal items in the trash.
of dollars. If someone has stolen a credit card, or hasReceipts, utility bills, bank statements, loan statements
obtained enough information about you to startand credit card offers and statements should be
applying for new loans and credit cards, your creditcompletely destroyed prior to throwing away. Invest in
score is going to be adversely effected. You will likelya paper shredder and shred everything you are
have difficulty obtaining a job (employers are makingthrowing away to eliminate the possibility of someone
credit checks a regular part of the interviewingfinding out information. Alternatively, you could burn
process), you'll be denied credit for things you apply for.your paperwork. When throwing away credit cards,
You will have a hard time, if not find it impossible, toshred them or cut them into many small pieces.
obtain college loans, vehicle financing, credit cards, andIt used to be that people felt it would be difficult to use
mortgages. In some cases, identity fraud victims mayanother person's credit card. After all, you have to sign
even be arrested for crimes they haven't committed,your name when making a purchase with a credit
because someone else is living under their name ascard, right? You need to protect your credit cards in
well.the same way that you protect your cash. Merchants
How does identity theft happen? Most people arerarely check that the signature on the back of a credit
fairly careful with their personal information, so howcard matches the signature that is signed on a receipt
can someone steal the "identity" of another humanwhen a purchase is made.
being and get away with it?If you have lost a credit card, or it has been stolen,
There are many ways identity thieves are able to getreport the situation to your creditor immediately. The
personal information from people. In some cases, thecredit card company will put a hold on the account to
thieves work for companies where they have accessprevent any purchases from going through- and they
to individual records via a computer or through papercan also track the location where someone has
files. Sometimes, a person doesn't even need accessattempted to use the card. This will help in the efforts
to the information, they'll just hack into the computerto find the thief. When you are dining at a restaurant,
system and retrieve the information they need to stealbe mindful of paying with a credit card. Most waiters
someone else's identity. One of the most traditionalwill take your card to the register to process it, and the
ways for someone to obtain your personal informationcard is out of your sight during this time. How do you
is by going through your mail. Whether they steal it rightknow the waiter or someone else isn't writing the
from your mailbox or find it in the garbage, if someonenumbers and name down from your credit card to use
finds bank or credit card statements, checks that haveit for online purchases later on? Consider paying with
been voided but not ripped up, new credit card offerscash whenever you are at a restaurant.
and tax related information, they usually have enoughThe biggest precaution you can take on a regular
information to become "you". People who go throughbasis is to view your credit card statements and bank
garbage containers are known as "dumpster divers",statements as soon as you receive them. Look for
and will often be found looking for information in publicany purchases that you did not make, and call the
trash areas and business dumpsters.credit card company immediately if you find something
There are people and businesses in the world thatyou are unsure of. If identity theft is caught early on, it
have a legitimate right to access another person'scan often be stopped before it gets out of hand. Also
credit report. These people include landlords,keep track of whether or not you're receiving your
employers, and businesses that must run credit reportsstatements every month. If you are missing a credit
prior to extending credit. Identity thieves often becomecard statement, call the company to verify the
employed at these organizations in order to obtainaddress it's being mailed to. It's possible that someone
access to the personal information they need to dofilled out a change of address form at the post office
their crime.or with the credit card company, and is receiving your
Opportunities for thieves to find your information arestatements at a different address with intent to use
endless. Identity thieves are smart; you have to bethe information.
smarter.