Posted by admin on
January 14, 2008
What would you do if you suddenly found that someone else was using your social security number to secure a credit card? Millions of Americans every year must make that decision. Linda Foley, an employee for a magazine in San Diego, received a phone call one day from Citibank, asking her to confirm her new address. As she had not moved to a new address, Foley was shocked to find that her boss had utilized the personal information and social security number on her employment application to obtain several credit cards and a cell phone in Foley’s name. To this day, nearly one decade later, Foley still is being plagued as a victim of identity theft, with her former boss having the opportunity to strike at any time.
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Posted by admin on
January 9, 2008
Identity credit theft is a rapidly growing crime in the United States. Every year, the number of people that experience identity theft increases. In fact, according to the Identity Theft Resource Center, the number of cases of identity theft in 2006 was more than four times historical highs.
Strategy #1: Protect yourself from the risks of “pre-approved” offers
Many consumers are unaware of the lurking dangers surrounding identity theft. In fact, your personal information may frequently be sold to other companies – by the very credit bureaus that track your loans and payment history! If you receive “pre-approved” credit cards in the mail, then your identity and credit information are being sold to third parties. All an identity thief has to do is find one of these “pre-approved” credit cards in your mailbox or trash cans – and instantly assume your identity and financial wherewithal.
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