Make a good start in the coming year by checking credit report

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					           Make a good start in the coming year by checking credit report

The New Year is a good time to start monitoring your credit report. The holiday season
has sent many people to go on shopping spree and to spend without considering their
monthly balance. These situations have enabled fraudsters to steal the credit card number
or personal information. Many are unaware that they have fallen into traps created by
thieves. Individuals only come to know it when they see negative marking on their credit
file.

Identity theft is a prevalent crime affecting many people. Hence one has to be cautious
about it and take preventive measures to protect oneself from being a victim. Apart from
securing one’s SSN, a regular credit check of the statement can also help to maintain a
good credit history. Another way to save the identity from being stolen is by careful
management of all the documents that contain personal information.

Credit score is often calculated after looking at the factors present on your credit file
which lenders also use when you want to buy loan, insurance or any other monetary aid.
Bad credit grades will depict you as a poor performer in the eyes of the lenders.

Do you want that thieves to misuse your financial profile leading to low scores by
making use of your identity? Unquestionably, the answer is ‘NO’.

Avoid this situation, by grabbing a free credit report from the three credit bureaus to
monitor your credit history and report if your identity is misused. Besides, you can follow
these tips:


   1. You should not respond to the phishing or e-mails asking about verifying or
      validating the credit card or bank account information.

   2. It is necessary to have routine credit check because identity misuse, which is often
      followed by low scores, can prevent you when you from buying a house or car.

   3. Make sure that you do not disclose personal information on phone.

   4. Take care of dumping office or financial waste, as it can be a source of
      information for hackers.

Identity thefts have destroyed people’s financial lives and damaged their reputation.
Individuals are only aware about these wretched facts after they look at their credit files.

Therefore you have to report about any suspicious activities on your account to credit
report bureaus and also to attorney general offices. You can also enroll with the credit
monitoring services alerting via mails and SMS for updates.

				
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Description: Identity theft is a prevalent crime affecting many people. Hence one has to be cautious about it and take preventive measures to protect oneself from being a victim.