Can Credit Alerts Keep Your Identity Safe?
This segment of Credit FYI is brought to you by FreeScore.com.
You know, I talk to people every day about issues of credit and identity theft, and I'm always curious to find out what people are doing to protect themselves. It seems as though most people take a lot of comfort in the fact that they shred their credit card statements and their bank statements, but I have to tell you it's not good enough. You know, we have accounts at many institutions in the form of credit cards and debit cards. We also have many accounts online, and that data can easily be compromised. If you think you've been the victim of identity theft, the first thing that you're going to want to do is pull your credit report. In a recent poll, only 35 percent of people that thought they were victimized by identity theft actually pulled their reports. Look for unauthorized activity or accounts, or any changes to your personal information. Whether you suspect identity theft or not, it's a good idea to sign up for a credit monitoring service that can send you alerts when activity is posted to your credit report or the information changes. This will then prompt you to go to the credit bureaus and pull your credit report. Again, those credit bureaus are TransUnion, Equifax, and Experian. If you're sure your identify has been compromised, contact the credit bureaus and have them place a freeze on your files. Also, be sure to contact the local police and your creditors. The bottom line from Credit FYI: credit alerts can keep you alert when it comes to keeping your identity safe.
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Duration: 2 minutes
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