Have you ever been a victim of identity fraud? What are the things that you have to face after your identity has been compromised with? What are the modern measures of identity protection which can used to save your personal and business financial condition? Credit Health Care will provide you with all the necessary guidelines that is needed to protect your identity from being misused.
Now, we will be discussing about a type of scam that is increasing in the recent times. This is more evident, with the growth of technological tools that have transformed the financial market in a big way. There has been news of people getting affected by fraud cases from the country and also worldwide. it is important to take strict measures in order to fight this menace. In addition to that, vital steps must be taken on the part of the people to ensure that, they do not fall prey to these identity theft issues. The step-by-step procedure sis explained in detail for you to have better knowledge and be prepared enough to tackle cases of identity theft. The things that needs to be done includes checking for tax ID theft, understanding medical ID theft, availing to monitor credit, avoiding pre-approved credit cards, always track your checks, getting free credit report, using fraud alert, reporting any form of data breach, make online payments and also knowing your Social Security number (SSN).
What mistakes on the part of the customers generally lead to cases of identity fraud ? What are steps that is the need of the hour for the purpose of securing your monetary situation? Do you have any idea about the different types of financial frauds which are being reported from across the world? I have been a victim of identity fraud case which have significantly hampered my money situation, so can you guys, suggest me with the ultimate plan to correct my finances and secure my identity in order to prevent repeat of any cases of identity theft in the coming times. For the need of finding the answer, do read the post thoroughly.
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Check for tax ID theft
The identity theft issue has taken bigger proportions and also includes stealing details about your taxes. The taxation ID theft will result in messing your taxation savings and payments which will deeply hamper your financial situation. In these cases, ask from help from Identity Verification Service of Internal Revenue Service (IRS).
Moreover, you must also contact all the financial institutions which are associated with your tax accounts and tell them to closed or monitored in case they are opened without the knowledge of the account holder. Do not forget to contact Identity Theft Hotline at 1-877-438-4338. You may also like to read our post regarding everything you need to know about tax fraud.
Understand Medical ID theft
There have been changes in the medical care policies of the federal government as all wish to get maximum benefits out of it. Many companies also buy records of your medical reports to place products which are related to your medical needs. These types of information can be easily compromised with.
In addition to that, you also need to protect the details about your health insurance identification numbers which can be tampered with by the identity fraudsters. Any charges or extra costs on your health insurance plans should be report and checked with the help of financial and medical professionals.
Avail to Monitor Credit
There are many credit cards monitoring agencies which will help to keep track of your credit card expenses and avoid you from getting into situations such as credit card debt. You must have to choose among the different credit monitoring services to find the best and cheapest of all.
Moreover, getting credit report and looking for credit history is part of the task of credit card monitoring agencies. Also, you can take the help from financial advisors or credit card experts to know more about making money and avoiding credit card frauds for the credit card holders.
Avoid pre-approved Credit Cards
You must have heard about many types of credit card related scams. In an earlier post, we have mentioned about it, so read the post and then come back to this section to know more about news in relation to credit cards. You must try to avoid pre-approved credit cards.
In addition to that, do remember that these pre-approved credit cards generally are targets by credit fraudsters as it contains all the necessary information that the they might need in order to hack into your credit account. So, do not get credit cards for yourself just after finding any credit card offers.
Always track your Checks
There have been more cases where checks are been stolen by identity thieves for the purpose of knowing your personal identity. All they require is your checking account number or routing number and issue new checks which will be used for the spending’s of their choice.
Moreover, one easy change in handing checks will help you save from any situation of identity theft as collecting them from the banks other than having them delivered to your homes through mails. Also, you numbers regarding to bank checking details should not be given to any unknown person or organization.
Get free Credit Report
You must always keep in mind that having credit report from both free and paid sources is of utmost importance to all credit card holders. You must take help from Experian, Equifax along with TransUnion to get more detailed report on your credit score and history.
In addition to that, one big mistake to avoid is to be happy with only one report of your credit condition as regular tracking is very much needed in order to make sure any kind of credit irregularities. Many credit monitoring services such as TrueCredit can also help you in this regard.
Do use Fraud Alert
Do remember that, fraud alert procedure is useful for all those who have credit cards. All you need to do is report a fraud alert with the concerned authorities, measures will be taken upon the complaint as it generally lasts from ninety days upto seven years.
Moreover, there are three credit bureaus which are known to provide credit reports to customers. However, all you need to do so, is to integrate the fraud identifying procedure with it. Furthermore, this will ensure that any miscalculations can be easily identified.
Report Data Breach
You must know that identity thieves use checks to steal your identity. Well, they can also steal checks out of your mailbox when you mail bills. Many banks now offer online bill pay. If you cannot send your bills from a secure post office box, pay them online.
In addition to that, Federal Trade Commission (FTC) advisers all the people who are aware of any kind of data breaches to report them as soon as possible. As the best measure for such cases, you must freeze your credit so that so that nobody gets access to your money, whatsoever.
Make Online Payments
This step will definitely help you to reduce chances of getting your personal identity stolen. Every person has to pay monthly, quarterly as well as yearly bill payments as part of their expense costs. You must take the help of many banking services which also offers its clients will the ability of giving bills online.
Moreover, when you are paying your bill payments will the help of checks, identity fraudsters can catch hold these checks and use them for unethical purposes. More so, many security measures are being applied to modern online transactions to make it more safe and secure for the users.
Know your Social Security number (SSN)
You must have complete control over your social security number (SSN) as it is very important to note that, it is a vital part of your credit. Take all the measures so that nobody knows your social security number as it can be a serious threat.
In addition to that, this last point in this article is about not at all sharing the details of your Social Security number. Many other personal documentation details which are linked with your Social Security number (SSN) can be compromised easily by hackers.
Things to Remember:
So now, all of these above points will immensely help you in find the right path to protect yourself from different forms of identity fraud. Moreover, protecting your digital data from being going to the wrong hands also needs to be taken care of. Vital information about yourself also needs to be insured for stopping any kinds of wrongdoings. There is a huge demand for you online as well as other documentary details which are used by companies for approaching more customers and also by fraudsters to hack and loot their valuables along with personal and business details. Very strict cyber laws need to be framed worldwide in order to end cases of identity theft. Thus, the time has come for all the identity theft victims well as alert netizens who wish to prevent any such incidents in the future to understand the many points which are mentioned above and share your experience with the readers after using the pointers!
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— CreditHealth Care (@Credithealth24) October 29, 2018