Most people quickly pay off their bills when they get them. This is a good habit to have because it eliminates the chance that you’ll forget to pay it later. Unpaid and late bills can be detrimental to your credit.
However, before you write that check or submit an online payment, take some time to thoroughly examine all the charges. There may be erroneous or fraudulent charges. Mistakes do happen and identity thieves do exists in this world. Surveying each bill to ensure the accuracy of all charges can save you from a world of headaches.
Large amounts owed are easy to spot and recognize. Small amounts might be more challenging to recall. It’s these small charges that you need to pay closer attention too. Identity thieves are increasingly using small unauthorized charges that are spread across multiple stolen identities to accumulate wealth. Makes sense right? These charges are often passed on by.
When you’re looking through your bills, be sure all transactions are accounted for. If there’s an unfamiliar charge, investigate further. When the issue cannot be resolved, it’s time to start worrying. Immediate action needs to be taken. Dispute the transaction with the credit bureau, credit card company or bank.
A credit monitoring service can facilitate in this matter. So can identity theft protection services. You can let others actively monitor your credit and identity while you rest in peace.
Recently several major credit card companies were affected by a data breach that involved a hacker obtaining account data for no more than 1.5 million credit cards. Just before that, a Zappos, a popular destination on the Web for consumers of shoes and apparel, experienced a similar security breach, which affected more than 24 customers.
Identity theft and fraud through stolen customer data should be a concern for all who use such services online. Thieves can take stolen information and reap hundreds or thousands of dollars from them.
When news of a data breach hits the Internet concerning a major financial institution or e-tailor, it’s time to double check one’s credit to make sure everything is in order. From possible fraudulent charges to changes in personal information, these unauthorized actions must be addressed or problems will arise.
There are a handful of ways that one can protect and even prevent such credit disasters from happening. Checking ones credit and credit score is probably the first step to take. Subscribing to an identity theft protection program is another measure to take.
Victims of identity theft and fraud can solicit the services of identity theft protection experts. These advisors can help restore a person’s good name and credit. Most identity theft protection programs come with a product guarantee that will reimburse a victim for any loss incurred.