Tag Archives: Credit Cards

General Identity Theft Statistics Revealed

The number of identity theft cases has been increasing to this day. In fact, according to statistics, the Federal Trade Commission reported that for 4 continuous years, this crime has been on the top of the list of the consumer complains.

It has been assumed that this problem mounted to over 42 percent of the complaints that has lodged in the FTC Consumer Database in the year 2004 and has increased for about 40 percent in the year 2002.

According to the FTC statistics, there are approximately 10 million consumers, mostly American have discovered that their personal information have been intentionally used to open up a fraudulent bank account, utility accounts and credit card.

The worst is that their personal information have been wrongfully used to commit serious crimes with their names.In the FTC identity theft statistics, there had been more than 50 percent of the theft victims of accounts such as credit cards and other fraud accounts.

Mostly, new credit cards have been used for fraud activities. This happens when a thief opens up new accounts using other people names. This theft statistics have estimated that this have victimized over 3.23 million people in the world. this big number is continuously increasing in number.

Statistics have shown that it has cost nearly $53 billion for both existing and new accounts. This is a large number includes individual and business victims in a year. No wonder why this big number increases every year and is very hard to cease.

To be specific, this theft statistics have shown that 47.5 billion people have been victims of identity theft. The individual victims are counted to have $500 per victim in a year.

According to the news, most Americans have spent about 300 million hours in resolving the arising issue which is related to identity crime cases. It has been estimated that in every 30 to 60 hours a victim handles various matters, which are related to cases of stolen identity which includes creating an account or using existing accounts.

These problems have proven that the people who have been victimized by identity theft know the thieves who have stolen their precious and unique names and identity. To avoid this from happening, you should not share important information so that other people cannot access your accounts in any way. Make sure that the people you share important information with can be trusted.

People whom you think cannot do this crime to you are the ones who have the strong will to do it. Make sure that they will not have any idea on how to restore such important information. Someone very close to you can be a suspect. Anyone around you can be suspect and they choose no one so you need to be very careful.

Statistics have shown that it starts in the workplace. You might not know it but they could be your officemates, co-worker, employee that you are patronizing.

Most identities of employees have been stolen because of their connections to companies that are not handled carefully. Sometimes, your boss can even be the suspect. He can have access to the personal information, which he can retrieve upon application.

This crime have shown that in the year 2004, the complaints have been up for about 15 percent which was from the year 2003.

In the last five years, it has been reported by the Identity Theft Statistics that more than 25 million people have been victims of the case. It is no wonder that until now, the number of cases is still extremely high and rising. Most Americans have experienced identity theft.

Identity theft was on the top of the complaints in the year 2004 and is still getting higher. The identity theft victims naturally spend 175 hours to use for their personal time and about $800 just to clear their names and restore their credit history.

The Federal Trade Commission have estimated that a victim will spend 14-16 months of clearing their names in cases of identity theft. So it is important that you keep your accounts safe because if you are a victim, you cannot fix your credit easily and it will take too long.

By: Willie DeJarnette

About the Author:

Simply knowing what you read in this article isn’t enough. You have to put it into action to be successful. To learn how to do exactly that – and to learn more about Willie DeJarnette, you will want to visit Willie DeJarnette’s website at the following link:
Identity Theft

Protecting your Kids From Identity Theft

Protect your kids from the risks associated with identity theft. Children often fall prey to identity fraud, and the numbers of young victims grows every year, according to the Federal Trade Commission (FTC). There are several simple tips you can use to protect kids from identity theft.

Why Kids Are Targeted by Identity Thieves

Kids are easy targets for identity thieves. By law, children can’t apply for credit cards, loans or other lines of credit until they are 18. That gives identity thieves many opportunities to steal a child’s identity and use it freely to open lines of credit. In addition to random strangers stealing a child’s identity, unfortunately, unscrupulous family members also often target them.

Children Feel Effects of Identity Theft When They Venture Out in the World

Children who are identity theft victims feel the pain inflicted by the crime when they try to establish a credit history. Applying for a loan or a credit card, children and their families are often shocked to learn that their child has a poor credit history, even though they’ve never had a line of credit. A poor credit score can prevent kids from getting the jobs they want, obtaining credit cards, loans and more. Although justice is on their side, it can take years to clean up a lifetime of identity theft.

Protect Your Kids from Becoming a Victim of Identity Theft

Adults can protect kids from identity theft by taking a few safety precautions. Shredding paperwork from doctors and other entities that list a child’s Social Security number or date of birth can help protect children from identity fraud. Credit card and loan offers that arrive in the mail addressed to children should be addressed with the company sending the offer, so they know that they are sending items to minor children. Social Security cards and other personal information about children should be safely stored to avoid the risk of identity fraud.

Children Identity Fraud Repair: What to Do if the Worst Should Happen

If a child becomes a victim of identity fraud, there are a few things you can do to help them repair their credit history and regain their identity. Their Social Security number should be changed and a police report should be filed immediately. Credit card companies, lenders and collections agencies associated with the phony identity should be notified immediately about the identity theft.

Reduce the risk of identity theft with credit monitoring . Credit monitoring provides an added layer of protection against identity fraud with up to date information about credit scores and details of unusual activities on a credit report.

By: Lisa Nichols

About the Author:

Whether you’re looking to apply for a credit card online, or simply looking for financial guidance, ExpertsonCredit is the ultimate one-stop credit stop.

Identity Theft: Ways to Prevent it

Identity theft is a very serious crime; if you’re a victim of this crime it may have serious consequences. It could mean difficulty in clearing your credit records, getting into debt, losing a lot of money and even getting in trouble with the law. You will also have difficulty obtaining new jobs or apartments. This is because employers and landlords usually check the credit records of their applicants.

This crime occurs when a thief gets information about your credit card numbers, name, address, social security number, and other personal information that should be kept confidential.

After they obtain your personal information, they will usually make purchases, open bank accounts, apply for loans, apply for new credit cards, get government benefits, and forge checks in your name.

If you’re a victim, there are ways to solve this problem;

You can report the crime to concerned authorities and you can apply for identity theft insurance.

Many companies are offering insurance for people to protect their personal information. You can apply for this insurance as an option for homeowner’s insurance policy. However, having identity theft insurance does not prevent identity theft; it will only help you recover if in any case you have been a victim of this crime.

People who become victims of identity theft or identity fraud usually do not figure out how their personal information was acquired by the thief. So, it is wise that you should be careful about your personal information.

The best way to prevent this crime is to be careful with your personal information. You first have to know how criminals obtain your personal information.

Thieves obtain personal information in many simple ways. Here are some examples:

• By stealing your wallet containing credit cards, and other personal information.

• By going through your garbage for items containing personal information.

• By providing personal information online through email or registration based websites.

• By pretending to be a new creditor to obtain your credit report.

• By eavesdropping on your phone calls or looking over your shoulder as you use your personal information.

• By promising prizes or awards by contacting you by email that would require you to provide personal and financial information.

Here are some transactions that also create risk:

• Online banking

• Online purchases

• Storing personal information in your computer

• Using your social security information for identification purposes.

However, this does not necessarily mean that you should avoid these transactions. It means that you should be careful when giving away your personal and financial information.

Being conscious on how you use your personal and financial information can prevent completion of identity theft.

Here are some tips for safeguarding your personal and financial information:

• Memorize your social security number

• Memorize your PIN numbers

• Don’t use easy to guess passwords, like your birthday or your mother’s maiden name

• Secure your computer by using firewall software and always update your computer security to safeguard your computer from spywares.

• Confirm if the website URL that is requesting your personal information is authentic or legitimate.

• Beware of emails, especially with attachments, belonging to someone you don’t know. Emails like these contain viruses or spywares that can easily be installed in your computer and can send your personal information stored in your computer to thieves.

• Websites that ask for personal information should be secure. A secured website usually has URL that starts with “https://” with the “s” meaning secured.

• Beware of telephone inquiries asking you to give your personal information, unless you contacted them.

• If you have lost your credit card, report it immediately to concerned authorities. It could have been stolen by identity thieves.

• Get your mails as soon as it is delivered.

• Do not discard bank, credit card or any other transaction receipts in public areas. Someone might obtain these information by dumpster diving.

These are some of the ways to safeguard your personal information. It is important that you should be aware of what you do to items containing your personal and financial information. Practicing these methods will surely minimize the risk of becoming a victim of identity theft.

Perforate or shred important documents containing personal information such as old credit cards, used checks and identity cards. You’ll never know when they would fall into wrong hands.

If you suspect that something is wrong, report it immediately to the authorities. Be sure that you have proof that you have reported such incident by keeping it in black and white. (Hard Copy)

For more information on Identity Theft Click Here

By: Lucas Heijn

About the Author:

Lucas Heijn opperates LinksParadise a hosting company. He has set up the hosting for internet marketers.
He is also interested in keeping up with the pifalls that can be associated with an on-line business
To visit LinksParadise Click Here

Lifelock: Learn About the Lifelock Anti-identity Theft Tool

Identity theft has become a multi-million dollar crime that affects many people throughout the world. While most people understand how serious this can be, many underestimate how common this problem is and dont realize that they could easily be one of the millions affected. As with all things in life, there is no guarantee that something bad cant happen to a good person but protecting yourself means that you must understand why you and your family need protection, how programs such as LifeLock work, and whether you really need to utilize a program like this at all. This article will explore the issue of identity theft and how the LifeLock program may help to protect you.

While identity theft continues to grow as a crime of choice for many criminals, the exact statistics are hard to pinpoint due to the differing methods that identity thiefs use. 2004 statistics stated that 9.3 million Americans suffered some sort of identity theft. Many identity theft criminals will abuse your personal information until your credit, good name, and social standings are completely destroyed. Even though federal law protects people from having to pay off bills due to fraud, the burden of proof it is up to the victim and clearing everything up after becoming a victim of identity theft can take, on average, 600 hours spread out over several years. To give you an idea of how this crime has escalated, this average of 600 hours is up from 170 hours from only a few years ago. If you become a victim of identity theft, your ability to purchase a home or car, get bank accounts and credit cards, and sometimes your ability to obtain gainful employment can be greatly hindered. While going through the process of restoring their life, an identity theft victim can also expect to spend around $1,500 in out of pocket expenses, not to mention the wage losses they may incur if they are required to take time off from work.

Anti-identity theft programs, such as LifeLock, specialize in preventing identity theft. LifeLock is said to stop junk mail, pre-approved credit card offers, and takes a proactive stance versus the normal reactive method that they claim most companies use. LifeLock states that its program will contact you before your credit is tarnished while most other programs only contact you after the fact. The LifeLock program takes steps so that your credit and personal identification is continuously monitored meaning that you are notified whenever there is any suspicious activity with your credit, social security number, and bank accounts. One problem with this method is that you, as well as thieves, may find it difficult to secure credit but LifeLock states that this is necessary to protect your credit and that they will be available to speak with any creditor you are having difficulties with.

With all these claims, you may be wondering how the LifeLock anti-identity theft program works. LifeLock states that it will contact the four major credit bureaus and submit a 90 day fraud alert in your name which means that nobody, including you, will be able to obtain credit without sending an alert. When someone sets up a fraud alert with a credit reporting agency, the alert will automatically expire in 90 days but LifeLock states that it will automatically renew the alert before it expires and you will be continuously protected. LifeLock also provides you a copy of your credit report four times a year and monitors for any new bank accounts set up in your name. If you fully understand the dangers of identity theft and realize that you could be a victim, you may well be wondering how to join such a program and if you really need to.

Joining LifeLock requires no contract so you may cancel at any time if you are not completely satisfied. This program appears to be relatively inexpensive at $10 a month or $100 per year for adults and $25 a year for your children. You may be wondering why you would want to register your children with LifeLock but the fact of the matter is that children under 18 are great targets for identity theft thieves because nearly any child living in the United States has a social security number that an identity theft thief can steal and any suspicious activity will normally not be caught until the child reaches the age of 18. You may be wondering if a program such as LifeLock is really necessary or if you can take steps on your own to protect yourself. The truth is that you can do all of the things that LifeLock does on your own for free but doing so will eat up your resources, time, and leave you wondering if the steps you took will be effective. LifeLock claims that it offers a service of convenience, eliminating the hassle of you dealing with the details, and eliminating the stress of not knowing if you are truly safe. LifeLock also offers the advantage of acting in your behalf or hiring someone to represent you if the program fails and you actually do become a victim of identity theft.

If the thought of having your identity stolen concerns you, as it should, then you should take steps to reduce the probability of it happening. Whether you decide to take care of this on your own or obtain the service of an anti-identity theft program is up to you but reviews indicate that the LifeLock program does work and has helped a lot of people. Whatever you decide, please take some type of action to protect yourself because identity theft continues to grow and is indeed a huge problem that may very well affect you sometime in the future.

By: Rick Churchill

About the Author:

If you wish to learn more about identity theft and the LifeLock program you can go to www.LifeLock-Reviews.com or to sign up today you can click here.