Shredding documents is only one sure-fire way for protection against identity theft, why?...
Because identity theft has risen to alarming rates in the last couple of years with the decline in our economy.
Identity theft precautions are extremely important to know and implement.
Don't fall victim to the vicious crime of identity theft.
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Many people just tear up these offers and toss them in the garbage.
The problem with that is the increase in dumpster diving, people that go through garbage in the hopes of finding personal information for the purposes of identity theft.
Most dumpster divers are after can, bottles, etc; unfortunately there are many that are unscrupulous and whose only intent is to commit identity theft.
The safest way to destroy your information is to shred, not tear it. The best way to shred is to use a cross-cut shredder.
This makes the chances of someone getting a hold of your information and putting it back together almost impossible.
The last thing you need is for someone to open up a credit card you didn’t know anything about and destroy your credit rating.
Keeping cancelled checks only amounts to a crime in the making.
Writing void on your checks doesn’t keep you from being the victim of identity theft.
Your checks still have your name, address, routing number, account number and in many cases your telephone number on them.
This again, is just a crime waiting to happen for anyone that gets a hold of them and has less than stellar motives.
I know of some instances where the person wrote their complete credit card number on the check when paying their bill.
For your safety when using duplicate checks, have your checking account number omitted.
If you need payment proof just ask the recipient for a receipt, then make sure you shred the duplicate check.
I think one of the worst items to receive in the mail from credit card companies are “convenience checks”.
The basic idea of these checks is to borrow against your line of credit, which is for you, quick cash.
The worst possible thing to have happen would be having these checks fall into a thief’s hand.
The most dangerous aspect of receiving these convenience checks in the mail is the fact that it looks like a bill from the credit card company, but in fact are checks that amount to what is called, “live loans”.
Wow! How dangerous is that? This is a crime waiting to happen.
Your pay stub has a wealth of information on it that needs to be protected from thieves.
The pay check gives a variety of other targets for a criminal to attack such as; your bank accounts and even your health care provider.
All of these targets just give a criminal another avenue where they are able to attack you.
Anything with your bank account numbers on them makes you extremely vulnerable.
Old bank statements should be shredded immediately.
One way to avoid a pile up of old bank statements is to switch to statements online.
One of the most popular way thieves get their information for the purpose of identity theft is to raid mailboxes.
This method has gain steam in the last few years.
If you still get paper statements every month then make sure you shred them on a monthly basis.
Many IDs that just have your photo are not as big a threat to keep lying around as an old driver’s license.
A driver’s license has weight, height, DOB, and biometric info that can verify an account.
Make sure you use a shredder than is capable of shredding plastic.
As a general rule and with no circumstances listed below by the IRS you should keep your tax returns for 3 to 4 years.
It is also a good idea to keep these returns in a fireproof box for safe keeping.
In the case of tax return information, the threat to you is huge as your social security numbers listed can compromise your identity.
To learn more, go to; social security secrets. You usually have more than one social security number listed because of any dependents you have to declare.
Years ago a woman where I worked clued me into something, that at the time, I had never given a thought to...
If you received catalogs or any magazine you subscribe to make sure you check the front or back for a label with your name, address and in many cases your account number.
Also, look within the magazine on their order form. The order form usually has your name, address, and many times your account number.
All the above leave you vulnerable for identity theft so please make sure you stay diligent in shredding documents.