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How to Protect Against Identity Theft 
 
by C. Keating May 19, 2005

Your Protection Checklist

ID theft cost Americans a whopping $52.6 billion last year. But, there are several things you can do to protect yourself against this crime.

Don't's:

  • Don't carry multiple credit cards; limit yourself to one or two
  • Don't carry your SSN with you or write it down on public applications
  • Don't have your driver's license or SSN printed on your checks
  • Don't toss out those expired credit cards, pre-approved credit applications, bill statements, or anything else with your personal information-completely destroy it by shredding or cutting

Do's:

  • Install a lock on your mailbox!
  • Photocopy everything in your wallet or purse, or at least make a list of your ATM/credit cards, driver's license, and critical medical information
  • Password protect your palm pilot-and make sure you backup this information regularly on your computer's hard drive
  • Close any bank accounts that you no longer use
  • Remove your name from any pre-approved credit lists
  • Remove your name from the telephone book (and don't forget the reverse directories)
  • Remove your name ("opt out") from any pre-approved offers of credit for the three consumer credit reporting offices by calling 888-5OPTOUT (888-567-8688). You can opt out for two years, or permanently
  • Check your credit rating at all three credit offices at least once a year

About Your Credit Rating

Your credit is your responsibility, so take care of it. There are three consumer credit reporting offices in the US, and you should check your rating at each of these offices at least once a year. A recent change to the Federal Fair Credit Reporting Act (FCRA) now allows you to request one free copy of your credit report each year (go to www.annualcreditreport). If you're unemployed, on welfare, or a victim of ID theft, you can always receive these reports at no cost to you.

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