Identity Theft is Real and You Need to Be Concerned

Most people think they'll never become a victim ofHow can you find out if your identity was stolen?
identity theft because they assume a Fraud Alert orAccording to a identity theft service Detect Identity
Credit Freeze submitted to the three credit reportingTheft "The best way to find out is to monitor your
bureaus insulates them from criminal activity. Thoughaccounts and bank statements each month, and
these measures are a good proactive measure, theycheck your credit report on a regular basis. If you
don't make you bullet proof.check your credit report regularly, you may be able to
Even the Federal Trade Commission advises "While alimit the damage caused by identity theft. Unfortunately,
fraud alert can help keep an identity thief from openingmany consumers learn that their identity has been
new accounts in your name, it's not a solution to allstolen after some damage has been done.
types of identity theft. It will not protect you from an- You may find out when bill collection agencies
identity thief using your existing credit cards or othercontact you for overdue debts you never incurred.
accounts. It also will not protect you from an identity- You may find out when you apply for a mortgage or
thief opening new accounts in your name that do notcar loan and learn that problems with your credit
require a credit check - such as a telephone, wireless,history are holding up the loan.
or bank account. And, if there's identity theft alreadyYou may find out when you get something in the mail
going on when you place the fraud alert, the fraud alertabout an apartment you never rented, a house you
alone won't stop it. A fraud alert, however, can benever bought, or a job you never held."
extremely useful in stopping identity theft that involvesDistraction is Your Key Enemy!
opening a new line of credit."Like generally everyone else your life is pretty much
On the other hand, some people actually believe theirsliced, diced and dictated. There is only so much time in
credit worthiness is so small, an identity thief would seea day, week or year that isn't crammed with other
no value in stealing their identity. This is yet anotheragendas such as work, family, home, medical, legal and
fallacy because there is much more to an identity theft100 other appointments, responsibilities, commitments
than taking money out of a bank account. Identitiesand as said; distractions from the most important
according to the FTC can also be used as follows;requirement of protecting, preserving and/or reinstating
"With Credit Card Fraud they may change the billingyour good name and standing. Sure, we all know by
address on your credit card so that you no longernow how important it is to request a free annual credit
receive bills, and then run up charges on your account.report, to review the banking transactions, implement a
Because your bills are now sent to a different addresscredit freeze, shred junk mail and numerous other
and it may be some time before you realize there's athings it takes to avoid identity theft but; do we have
problem. With Utilities Fraud hey may use your nameor take the time to make ourselves a less favorable
to get utility services like electricity, heating, or cabletarget to the criminals? With the ever rising occurrence
TV.of identity theft, that answer is obvious to the criminals.
With Banking Fraud they may create counterfeitThere is a Simpler Solution
checks using your name or account number. TheyThere are expert identity theft services around who
may open a bank account in your name and write badprotect your well-being. They have one job and one
checks. They may clone your ATM or debit card andresponsibility and that is to monitor your identity and
make electronic withdrawals your name, draining yourkeep it safe. If your identity is stolen, their job is to
accounts and/or they may take out a loan in yourmake everything right again. I know, it's easy to say;
name. With Phone or utilities fraud they may open a"I'm not paying for a service I can do myself." That's
new phone or wireless account in your name, or runexactly what criminals are banking upon because the
up charges on your existing account. They may usetruth of the matter is, most people aren't doing it, don't
your name to get utility services like electricity, heating,know how or are simply distracted from this needed
or cable TV.responsibility by daily life events. Secondly, a credit
With Bank/finance fraud they may create counterfeitfreeze in almost every state (though not bullet proof)
checks using your name or account number. Theycosts anywhere from 10-30 dollars every time you
may open a bank account in your name and write badimplement, lift, reactivate or extend this one proactive
checks. They may clone your ATM or debit card andmeasure. On the other hand you can have this and
make electronic withdrawals your name, draining yourmany other actions taken care of for you for a small
accounts. They may take out a loan in your name.one-time lifetime fee or monthly fee that costs less
With Government documents fraud they may get aannually than most people spend on coffee, hobbies,
driver's license or official ID card issued in your namefast food or candy bars.
but with their picture. They may use your name andYou Can Do What You Want
Social Security number to get government benefits.You are the administrator of your life choices but I
They may file a fraudulent tax return using yourguarantee being a victim of identity theft is not an
information. And last but not least with Other fraudinexpensive process nor swift situation to recover
they may get a job using your Social Security number.from. Don't you think you at least owe it to yourself
They may rent a house or get medical services usingand/or family to at least check out the inexpensive
your name. They may give your personal informationservice of professionals available that are strictly
to police during an arrest. If they don't show up for theirfocused and dedicated to safeguarding and
court date, a warrant for arrest is issued in yourrepresenting your identity?
name."