Some people become unable to take credit because they are already labeled as default on the loan which they never requested. Due to identity theft, thieve request number of credits on your behalf and never pays back due to which your credit score rating becomes affected. Keeping your identity safe and secure is not a choice rather a vital and obligatory thing.
5 Ways to Protect Yourself from Identity Theft
In this article, we would cover basically five ways to tell you how to protect yourself from identity theft and keep yourself secure from fraudsters. These ways are as follow:
Keep an Eye on Your Annual Credit Report
A credit report shows your limit of credit, availed credit as well as your credit score on how you are paying your debt. A credit report is best to keep an eye on to save you from identity theft as any suspicious and dubious transaction/ debt agreement would be clearly mentioned in that. You can get a free credit report annually from Siloans.com. Moreover, there are many credit monitoring services that are present in the market that you can avail of as well.
Put a Freeze or Fraud Alert on Your Credit Limit
For safety purposes, you can put a fraud alert on your credit limit or you can put a freeze on your credit limit. This will make it really difficult for the fraudster to get loans beyond your limit and this would save you a lot of bucks. If you think your identity is stolen, with the help of fraud alert your service provider would alert concerned authorities and stop further procedures.
Better Use Passwords on your Financial Accounts
According to the survey, 5% of people prefer to secure their smartphones, technical devices and financial accounts with the password while 50% don’t put any password and them and 25% think that putting a password on this stuff is just a hassle. Such a survey shows the original behavior or the people and those accounts and smartphone without password protection are an easy source to snatch your personal information from you. So, it is really advised to the consumer to put a password on this stuff. The stronger the password, the better the protection would be.
Always Put a Different Login and Password for Different Sites
For a simple and busy person, it really a hassle to remember different passwords and log in for different websites so most of them put one password and log in everywhere. If a fraudster is able to get your one password, he can access your all resources that put your more on risk so do not put one password and log in everywhere whether how convenient that may look to you.
Keep you Mail and Other Personal Documents Secure
You would be appalled to hear that people do dumpster diving and mail theft. Many times, your personal information is mentioned in some mails or other documents your trough in the dumps which are an easy way for fraudsters to snatch your identity so it is advised to be careful with your mail and other documents.