Thursday, December 10, 2015
There are numerous different types of identity theft in the world, and each one can have a different, negative impact on your life, from ruining your future, to undermining your creditworthiness, and even getting you into trouble with the law. It's no surprise that people are constantly searching for ways to prevent identity theft from happening.
Unfortunately, though it would be nice to live in a world wherein identity fraud wasn't a problem, it's important to note that no service can guarantee you won't become a victim against this type of crime. The truth is that criminals are coming up with new ways to access your data on almost a daily basis. It is like locking the doors and windows of your home. While they provide some amount of security you can never be 100 percent sure that burglars won't be able to get in.
But it doesn't mean that you can't protect yourself, your family, and your future. Indeed, one of the best ways to reduce the impact that this crime could have on you, is to learn which services are available to you. That's why so many people are getting help detecting identity theft with Identity Guard®.
Detecting the Presence of Theft of Identity
Using credit monitoring services to detect credit fraud and identify theft is the best defense that currently exists against these crimes. They work by giving you access to your credit information that is updated regularly. They monitor for certain activities and send you prompt alerts so you can identify potential threats to your identity as soon as possible.
Tuesday, December 8, 2015
Unfortunately, even if you are particularly cautious with the way that you spend your money, and budget strictly to ensure that you never place yourself in debt, there is a way that you can still end up with a bad credit score - and this is through identity theft. Without a credit monitor to help you, you may not even be aware that your score is suffering until months of damage have passed. This could ruin your finances and reputation and might take a long time for you to recover from it.
How Monitoring Credit Helps
Monitoring your credit is one of the best ways to help protect yourself from the effects of issues like identity theft. The reason for this is that a credit monitoring service gives you access to your credit report data on a regular basis. What the service provider does is to monitor your credit report data every business day, compile it, and send you prompt alerts if certain changes are detected - changes that could indicate identity theft that could result in damaging your finances and ultimately, your credit score. If you want to protect yourself when you monitor credit, you need to review these alerts and take any necessary precautions if you suspect fraud.
Aside from credit monitoring you also need to be careful in the first place to reduce the chances of your personal information getting into the hands of criminals. Remember to shred your credit statements and other similar documents before throwing them into the trash. And make sure that your PIN cannot be seen by others as you use an ATM. Make sure to be careful when using your email and visiting websites. Be always on the lookout for possible phishing scams that are designed to steal your details.