Identity theft and fraud are serious matters. Besides the financial loss that is involved, an individual’s credit profile may be tarnished, creating difficulties for future borrowing. Thus it is a good idea to be aware of the various types of identity theft so that you can catch it and take appropriate action with the credit bureaus to correct/prevent it.
Most people associate identity theft with credit card fraud. This happens when someone else uses your credit card without your authorization. Your credit card number may have been stolen and used inappropriately. Always check your credit card monthly statements for irregular expenditures. Dispute anamolies. Credit card companies are usually good about this.
Another important and sensitive number to keep safe is your social security number. You’ve probably heard never to give this number out freely. Your social security number is associated with a lot of private information about yourself. You have it for your entire life. So don’t give it out, and if requested, as why it’s needed.
A person’s driver’s licence can be easily misused. It’s often lost or stolen when a wallet disappears. People may steal your driver’s licence to use if they have a bad driving record.
Medical identity theft is growing as more medical history is being documented. There may be many reasons why people would want to use your medical profile. It may be to get drugs or to access certain health care related services. Be aware and not let this little slip ruin your future medical benefits.
Criminal identity theft is a possible source of fraud too.
