Protecting Personal Information from Scammers

One of the hot commodities online is "Personal Information". Since everyone has it, everyone is a potential victim.

DO NOT GIVE UP YOUR IDENTITY!

Anyone that send personal info to another individual (often claiming to be from another country) based on an e-mail contact, should have their head examined. If somone is asking you for personal info, they intend to use it.

If I had $1 for everyone that has e-mailed a scammer their bank account routing numbers and personal info (expecting a huge wire transfer) I would never have to work another day in my life.

Then what? The go to the bank only to find that money has been withdrawn from their account. Not just some of it. All of it.

I have spoken to several people that have been taken in this manner. Totally surprised and shocked. But the real shock is that they never saw it comming. With fraud and scams at an all time high, you can not afford to assume any transaction is not a scam.

The scammers have envoked paranoia in everyone making legit retailers wonder how they can do business. It seems often that people are quicker to get taken by a scammer than make a legit sale.

And there is good reason for it. The scammer paints a wonderful picture. Fast easy cash, no bullshit, just send the check and cash it.

Since most Americans are pretty lazy, they take the bait and go for the easy sell. But life is not easy and selling a car is not as easy as answering an e-mail with SOLD! Use common sense and you won't be taken. Look for the quick and easy and you are a sitting duck.

But if you do get caught in the trap and they have stolen your identity read below for the government recomendations and addresses that can help you.

Quick Facts

It's important to protect your personal information, and to take certain steps quickly to minimize the potential damage from identity theft if your information is accidentally disclosed or deliberately stolen:

• Close compromised credit card accounts immediately.
• If someone steals your social security number (SSN), contact one of the three nationwide consumer reporting agencies &mdash Equifax, Experian, or TransUnion &mdash and place an initial fraud alert on your credit reports.
• Monitor your credit report. Keep in mind that fraudulent activity may not show up right away.
• Consult with your financial institution about handling the effects on bank or brokerage accounts.
• Contact relevant government agencies to cancel and replace any stolen drivers licenses or other identification documents, and to &ldquoflag&rdquo your file.
• Watch for signs of identity theft: late or missing bills, receiving credit cards that you didn't apply for, being denied credit or offered less favorable terms for no apparent reason, or getting contacted by debt collectors or others about purchases you didn't make.

Identity Theft: What To Do If Your Personal Information Has Been Compromised

The bottom line for online threats like phishing, spyware, and hackers is identity theft. ID theft occurs when someone uses your name, Social Security number, credit card number or other personal information without your permission to commit fraud or other crimes. That's why it's important to protect your personal information.

If your personal information is accidentally disclosed or deliberately stolen, taking certain steps quickly can minimize the potential for the theft of your identity.

If the Stolen Information Includes Your Financial Accounts

Close compromised credit card accounts immediately. Consult with your financial institution about whether to close bank or brokerage accounts immediately or first change your passwords and have the institution monitor for possible fraud. Place passwords on any new accounts that you open. Avoid using your mother's maiden name, your birth date, the last four digits of your Social Security number (SSN) or your phone number, or a series of consecutive numbers.

If the Stolen Information Includes Your Social Security Number

Call the toll-free fraud number of any one of the three nationwide consumer reporting companies and place an initial fraud alert on your credit reports. This alert can help stop someone from opening new credit accounts in your name.

Equifax: 1-800-525-6285; www.equifax.com; P.O. Box 740241, Atlanta, GA 30374-0241

Experian: 1-888-EXPERIAN (397-3742); www.experian.com; P.O. Box 2002, Allen, TX 75013

TransUnion: 1-800-680-7289; www.transunion.com; Fraud Victim Assistance Division, P.O. Box 6790, Fullerton, CA 92834-6790

An initial fraud alert stays on your credit report for 90 days. When you place this alert on your credit report with one nationwide consumer reporting company, you'll get information about ordering one free credit report from each of the companies. It's prudent to wait about a month after your information was stolen before you order your report. That's because suspicious activity may not show up right away. Once you get your reports, review them for suspicious activity, like inquiries from companies you didn't contact, accounts you didn't open, and debts on your accounts that you can't explain. Check that information &mdash like your SSN, address(es), name or initials, and employers &mdash is correct.

If the Stolen Information Includes Your Driver's License or Other Government-Issued Identification

Contact the agencies that issued the documents and follow their procedures to cancel a document and get a replacement. Ask the agency to &ldquoflag&rdquo your file to keep anyone else from getting a license or another identification document in your name.

Once you've taken these precautions, watch for signs that your information is being misused. For example, you may not get certain bills or other mail on time. Follow up with creditors if your bills don't arrive on time. A missing bill could mean an identity thief has taken over your account and changed your billing address to cover his tracks. Other signs include:

• receiving credit cards that you didn't apply for;
• being denied credit, or being offered less favorable credit terms, like a high interest rate, for no apparent reason; and
• getting calls or letters from debt collectors or businesses about merchandise or services you didn't buy.

Continue to read your financial account statements promptly and carefully, and to monitor your credit reports every few months in the first year of the theft, and once a year thereafter. For more information on getting your credit reports free once a year or buying additional reports, read Your Access to Free Credit Reports.

If your information has been misused, file a report about your identity theft with the police, and file a complaint with the Federal Trade Commission at www.consumer.gov/idtheft. Read Take Charge: Fighting Back Against Identity Theft for detailed information on other steps to take in the wake of identity theft.