Each year, millions of Americans have their identity stolen. This can affect your credit and your finances. Therefore, it is important that you take the first step in protecting yourself against ID theft scams. Arm yourself with the information and be prepared to avoid any undue consumer debt.
ID Theft Scams You Should Be Aware Of
What is ID Theft?
Identity theft occurs when someone uses your personal information such as your name, Social Security number, credit card number or other identifying information, without your permission to commit fraud or other crimes. Consumers whose identities have been stolen can spend years clearing up their good name and credit. The best way to try and prevent becoming a victim of identity theft is to safeguard your personal information.
What are Some Common ID Theft Scams?
Automatic Debit Scams
Fraudulent telemarketers have found yet another way to steal your money, this time from your checking account. Consequently, consumers across the country are complaining about unauthorized debits (withdrawals) from their checking accounts.
Fake Credit Report Sites
Next you may have seen websites or received an unsolicited email offering credit reports, sometimes for free. Be aware that some of these online operators may not actually provide credit reports, but they may be using these sites as a way to capture your personal information. From there, they may sell your information to others who may use it commit fraud, including identity theft.
Pretexting: Your Personal Information Revealed
When you think of your own personal assets, chances are your home, car, savings and investments come to mind. But what about your Social Security number (SSN), telephone records, and your bank and credit card account numbers? To people known as “pretexters,” that information is a personal asset, too.
Secured Credit Card Marketing Scams
Beware: while secured credit cards can be an effective way to build or re-establish your credit history, some marketers of secured cards make deceptive advertising claims to entice you to respond to their ads.