Personal Information and ID Theft
Identity theft often involves your personal information and your finances but in a harmful and negative ways.
It is a kind of fraud where a thief gathers the personal information of his or her victim to impersonate.
The victim may or may not know that he/she's a victim.
Some of the most abused personal information that can be used by the identity thieves are the Social Security number, credit card number and of course your name.
Through these, they will be able to access your accounts and start to use your identity.
Stolen identity involves stolen money, opportunities and even stolen future.
One of the best ways to do when you've been a victim of identity theft is through filing a fraud alert.
This kind of report will keep the identity thieves from creating new accounts under their victim's name.
It can also keep identity thieves from using one's account.
Fraud alert can be classified as initial alert or extended alert.
Once you've suspected that your identity is being used by others, you can file initial fraud alert which lasts 90 days in your credit report.
If your wallet which contains your credit card is stolen, you can file an initial fraud alert so that your credit card company will be notified.
Once they received your report, they should first verify the identity of the one transacting under your name.
This kind of alert will also allow you to have a free copy of credit report that will help you to monitor whether there is any unauthorized transaction.
Moreover, you can file extended fraud alert if you've really been a victim of identity theft.
The alert can stay for seven years under your report.
Your name will also be removed from marketing list so that any transaction will be prohibited.
But if you request to add again your name on the list, you should provide proofs that you're really the one who owns that identity.
Also, one you've filed this alert, potential creditors are required to meet you personally.
You will also be able to get two free credit reports for monitoring purposes.
Fraud alerts may not assure you from not being a victim of identity theft or from stopping being a victim of it but it surely reduces the damages and bad effects that identity theft can bring.
If we failed to prevent it, we must at least try to lessen the things that will be stolen from us by those advantage takers who deserve to be caught and punished from the crime that they did.
In addition, resolving identity theft doesn't only need the actions of the victims.
The companies involved should also do some actions to protect their clients.
They should entertain the reports of the victims so that the damage that can be done to the victim and the company will be repaired as soon as possible.
We can also consider these companies as victims because illegal and unauthorized transactions are also done to their company by the identity thieves.
It is a kind of fraud where a thief gathers the personal information of his or her victim to impersonate.
The victim may or may not know that he/she's a victim.
Some of the most abused personal information that can be used by the identity thieves are the Social Security number, credit card number and of course your name.
Through these, they will be able to access your accounts and start to use your identity.
Stolen identity involves stolen money, opportunities and even stolen future.
One of the best ways to do when you've been a victim of identity theft is through filing a fraud alert.
This kind of report will keep the identity thieves from creating new accounts under their victim's name.
It can also keep identity thieves from using one's account.
Fraud alert can be classified as initial alert or extended alert.
Once you've suspected that your identity is being used by others, you can file initial fraud alert which lasts 90 days in your credit report.
If your wallet which contains your credit card is stolen, you can file an initial fraud alert so that your credit card company will be notified.
Once they received your report, they should first verify the identity of the one transacting under your name.
This kind of alert will also allow you to have a free copy of credit report that will help you to monitor whether there is any unauthorized transaction.
Moreover, you can file extended fraud alert if you've really been a victim of identity theft.
The alert can stay for seven years under your report.
Your name will also be removed from marketing list so that any transaction will be prohibited.
But if you request to add again your name on the list, you should provide proofs that you're really the one who owns that identity.
Also, one you've filed this alert, potential creditors are required to meet you personally.
You will also be able to get two free credit reports for monitoring purposes.
Fraud alerts may not assure you from not being a victim of identity theft or from stopping being a victim of it but it surely reduces the damages and bad effects that identity theft can bring.
If we failed to prevent it, we must at least try to lessen the things that will be stolen from us by those advantage takers who deserve to be caught and punished from the crime that they did.
In addition, resolving identity theft doesn't only need the actions of the victims.
The companies involved should also do some actions to protect their clients.
They should entertain the reports of the victims so that the damage that can be done to the victim and the company will be repaired as soon as possible.
We can also consider these companies as victims because illegal and unauthorized transactions are also done to their company by the identity thieves.
