If you are wise, you would do everything to protect your identity, although it is a known fact that there is not enough security that can protect you from not being the next identity theft victim. However, knowing the basics of identity theft can be the first step to protect yourself.
Signs of Identity Theft
When any of the following situations occur, it is possible that you have been a victim of identity theft.
1. There are suspicious withdrawals in your bank statement or unusual charges by your credit card company.
2. You have not been receiving important mails.
3. Your HMO refuses to honor certain covered procedures.
4. Your debt collector informs you of unknown debts.
5. Your credit report contains suspicious activities.
What to Do When You Think You Have Been an Identity Theft Victim
When it is possible that your personal information have been stolen, contact the authorities immediately. Report your suspicion to the local police and the national fraud bureau. Gather as much evidence as possible.
Next, contact your financial institution. If it is necessary to order the stoppage of using your facility, do it. Report your case to the major credit reporting bureaus like Equifax, Experia and TransUnion. They will flag your account the moment someone uses it.
Ways to Protect Your Personal Information
Prevention is always better than cure, even in the case of identity theft. Be vigilant and keep watch of your business transactions. Always review your bank and credit card statements.
Furthermore, be sure that your personal information are guarded and safe. Paper works should be done in a safe place. Provide personal information only to trusted persons ad institutions.
Be keen with missing items like mails. Contact your Post Office if there is any suspicion. Be proactive with your bank and credit card statements. Ask for periodic statements.
Do a regular review of your credit report. It is the best place to find unusual credit transactions. Subscribe to credit bureau reports to keep you updated.