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Victims of identity theft should monitor financial records for several months after they discover the crime.

Stay alert for other signs of identity theft. Victims should review their credit reports once every three months in the first year of the theft, and once a year thereafter. Don t delay in correcting your records and contacting all companies that opened fraudulent accounts. Remember, if you only ring up, then there is no" hard copy" of evidence indicating you required assistance. Make the initial contact by phone, even though you will normally need to follow up in writing. Whereas, if you put it into writing, esp. black pen on white paper, it is now" official" that you are seeking a response of some kind and some sort of action has to be taken. When they use the cards and don t pay the bills, the delinquent accounts appear on your credit report.

The longer the inaccurate information goes uncorrected, the longer it will take to resolve the problem. credit card fraud: They may open new credit card accounts in your name. They may change the billing address on your credit card so that you no longer receive bills, and then run up charges on your account. Phone or utilities fraud: They may open a new phone or wireless account in your name, or run up charges on your existing account. Because your bills are now sent to a different address, it may be some time before you realize there s a problem. They may use your name to get utility services like electricity, or cable TV, heating. They may open a bank account in your name and write bad cheques.

Bank/ finance fraud: They may create counterfeit checks using your name or account number. They may clone your ATM or debit card and make electronic withdrawals your name, draining your accounts. Government documents fraud: They may get a driver s license or official ID card issued in your name but with their picture. They may take out a loan in your name. They may use your name and Social Security number to get government benefits. Other fraud: They may get a job using your Social Security number.

They may file a fraudulent tax return using your information. They may rent a house or get medical services using your name. IDENTITY THEFT- Arm yourself with knowledge and learn to set a few other things into motion so you can rest assured and relax. IDENTITY THEFT, PROTECT YOURSELF. Identity theft occurs when someone uses your personally identifying information, Social Security number, like your name, or credit card number, to commit fraud, without your permission or other crimes. In fact, you or someone you know may have experienced some form of identity theft.

It is estimated that as many as 9 million Americans have their identities stolen each year. The crime takes many forms. You may not find out about the theft until you review your credit report or a credit card statement and notice charges you didn t make- or until you re contacted by a debt collector. Identity thieves may rent an apartment, obtain a credit card, or establish a telephone account in your name. IF YOU ARE AN US CITIZEN, YOU CAN RECEIVE YOUR FREE CREDIT REPORT FROM http: //www. How Do They Get Your Information?

CreditCardsAssured. com. They steal credit/ debit card numbers by using a special storage device when processing your card. Changing Your Address. Phishing for info: They pretend to be financial institutions or companies and send spam or pop- up messages to get you to reveal your personal information. They divert your billing statements to another location by completing a change of address form. Plain old Stealing.

They divert your billing statements to another location by completing a change of address form. They steal wallets and purses. Pre- approved credit offers. Mail, including bank and credit card statements. And new checks or tax information. They steal wallets and purses. They steal personnel records, or bribe employees who have access.

Mail, including bank and credit card statements. And new checks or tax information. Pre- approved credit offers. They steal personnel records, or bribe employees who have access. They use false pretenses to obtain your personal information from financial institutions, and other sources, telephone companies. Pretexting. They use false pretenses to obtain your personal information from financial institutions, and other sources, telephone companies.

Once they have your personal information, identity thieves use it in a variety of ways. What do thieves do with a stolen identity? Rummaging through your trash. Actually, this is where the scammers get their best stuff from. They rummage through your trash looking for receipts and personal documents or old letters you may not think are important. So be very careful to destroy anything that might be used against you. They steal credit card/ debit card numbers by using a special storage device when processing your card.

Skimming Your Cards. Identity theft is serious. Some consumers victimized by identity theft may lose out on job opportunities, or be denied loans for education, housing or cars because of negative information on their credit reports. While some identity theft victims can resolve their problems quickly, others spend hundreds of dollars and many days repairing damage to their good name and credit record. In rare cases, they may even be arrested for crimes they did not commit. Identity theft starts with the misuse of your personally identifying information such as your name and Social Security number, or other financial, credit card numbers account information.

How do thieves steal an identity? For identity thieves, this information is as good as gold. CreditCardsAssured. com US citizens only. Skilled identity thieves may use a variety of methods to get hold of your information, including: FOR A FREE CREDIT REPORT, PLEASE GO TO http: //www. Posted by snezana at 5: 08 AM. THESE FACTS WILL SHOCK YOU.

These Credit Card Facts Will Shock You! BUYER BEWARE. If you look up the contract, you will find it written there somewhere. Some credit card companies apply the rule of changing the interest rate" Any time and for any reason" . Although there are some banks looking into abolishing this clause. This is a method of calculating credit card interest up until the day full payment is received. Two- cycle billing.

It s based on two billing cycles, instead of working out interest only on the immediate billing cycle. On Febraury 1 you get a bill for$ 1, 05You pay the bill on February 21, but you only pay$ 1, 000 instead of the full amount. Example: You owe no money on January Then you head to the beach for a holiday, and charge it to the card. On your next bill, the company will charge you interest on both the$ 50 outstanding and the$ 1, 000 you paid on time. Imagine you have a credit card with a 9 percent interest rate, which you pay on time and in full. Universal default Clauses.

Then you pay another credit card bill late. The credit card issuers argue that your behavior with other debts indicates that you re a greater credit risk. It s not unusual to see the card with the 9 percent rate skyrocket to 29 percent, according to Manning.