Tuesday, May 13, 2014

This free tool can guard against identity theft

With data breaches occurring with more frequency and hackers devising more clever ways to access your personal information, identity theft now affects more people.

The results are devastating. Armed with your Social Security number and other bits of information about you, an identity thief can open credit card accounts and take out loans in your name.

Your credit will be ruined and you will spend months – maybe years – untangling the mess. Fortunately there is a simple and free way to reduce your chances of becoming a victim.
Work with credit agencies

Contact each of the three credit reporting agencies – Experian, Equifax and Transunion and request a fraud alert – or even an extended fraud alert -- on your credit file. This simply means that no one can access your credit file without verifying your identity first.