Identity Theft and Bad Credit
Nothing can send your good credit
rating into the trash faster than
identity theft. How do identity theft
and bad credit fit together? It's
simple really. A person steals your
credit card number and expiration
date. For many criminals, it's easy
to do. All you need is to sit outside
of a place that has a wi-fi hot spot
and use a device that can intercept
the transmissions. Anyone making
online purchases with a credit card
can have their information stolen.
Credit card sites can also be hacked.
With your address and card number a
thief can have a field day with your
credit and your credit score. This is
how identity theft and bad credit fit
together. All in all, it spells
disaster for the victims.
So how do we prevent being victims
and having identity theft and bad
credit ruin our lives? First, be sure
you are very careful about what you
throw out. Shred anything that
contains any identifying information.
When shopping online, be sure to have
a credit card just for that purpose.
This should only have a small credit
line. Never use a debit card for
online purchases. Thieves have many
ways to steal the information they
want. The phising scams and emails
are getting more realistic looking
every day. Always check the links
before clicking. Be sure it is a bank
you actually use. When you roll over
the link (don't click) look at the
address. Does it match what that
banks website should look like or is
it an address in Nigeria.
Next, watch your credit report
carefully. You may want to look into
one of those services that will alert
you to any changes in your credit
report like a new opened account, a
negative report, or other items.
These services can be a great help if
you think your personal information
has been compromised. It is always
better to be careful about your
credit. Identity theft and bad credit
are becoming a huge liability for
banks and lending institutions. Be
sure to keep you identity safe. Never
give information out over the phone,
and never answer those phising
emails. When in doubt delete it.
Now for the good news. If you are a
victim of identity theft there are
things you can do. You must file a
police report if you want your
creditors to take you seriously. This
action alone can keep identity theft
and bad credit from being partners in
your life. Many creditors will work
with you and you may find that you
are not responsible for a lot of the
charges. You must promptly notify the
authorities and your creditors so
that losses can be minimized. If your
lenders think that you were not
diligent in contacting them, they
will make you pay for charges you did
All in all, identity theft and bad
credit can be avoided. Just take
great care in how you manage your
personal information. Even the most
careful person can be a victim.
Prompt actions on your part will
greatly minimize your losses. So
protect your credit rating and take
care that you don't fall victim to
identity theft and bad credit.
About the Author
This article is courtesy of http://www.badcreditmakeover.com You can look online for quick and guaranteed financing.
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