Friday, May 31, 2013

Top 7 Ways to Prevent Identity Theft


Prevent identity theft and protect yourself from deception. The Wise Living has got you covered! 

What is identity theft? 

From the term itself, you can safely infer that identity theft means stealing someone's identity and using it for one's economic gain. Identity theft or identity fraud, its twin, is a crime. Identity theft is done when thieves fraudulently utilize someone's name, address, bank account information, credit card information and other pertinent information. 

It is against the law. It is wrong. 

Most of all, it has got to stop. 

Prevent Identity Theft
Don't let anyone steal your identity. 

What are some examples of identity theft? 

You know, identity thieves are very crafty people! They're actually very intelligent - it's just so bad that they're using their intelligence to take advantage of people. Some examples of committing identity theft are: 

  • Sending a fake BIR or DTI mail to someone just to request for personal information and financial data. This is tricky. Always confirm with your RDO regarding this. 
  • Sending fraudulent emails (mostly spam) that promise amazing out-of-this-world prizes in return for your personal information. Remember those random emails telling you they've named their will after you? That's bull butter! 
  • Committing common crimes while using your identity. This is especially true if you have a common name. 
  • Obtaining a passport in your name for illegal reasons. Sometimes people use your name in their passport for human trafficking. See the horror in that? 
  • Hacking into your computer to obtain your personal data. Handle your machine gently, my friend! But when it's time to dispose of it, destroy your hard drive as hard as you can.
  • Taking out a loan while using your credit history. Gasp! How dare they?
  • Filing up for bankruptcy while submitting your name. This is so upsetting!

What are the top seven ways to prevent identity theft? 




Banking: 

- Always spend time at least twice a week to examine your credit card and bank statements. Look for unfamiliar patterns - you don't want your identity theft to savor the moment, right? 

- Check whenever your bank contacts you. If they call, text, mail or email you, always confirm first before giving out any personal information. It's okay to make sure since it's your right anyway. 

Chilling at Home: 

- Don't drop off your mail at unguarded mailboxes. In fact, I would encourage you to use a guarded slot at home.  

- Shred documents containing your personal and financial information. Getting a paper shredder saves time and effort, but if you want to manually shred them by treating it as your hobby, you're free to do so as well! 

- Be mindful of your trash! The saying, "One man's trash is another man's treasure" may work adversely in your favor. 

Shopping: 

- Never bring important documents with you as they can easily get robbed.

- Be paranoid when you're using the ATM machine or paying with your credit card! Always make sure that no one's standing behind you and always shield your hand. Also, don't be shy in escorting the merchant when giving away your credit card. Hey, it's your card. You have all the right to see how they handle it. 

Follow these above steps to protect yourself and prevent identity theft once and for all. 

After all, it's your identity. It's your job to keep it safe and secure. 

Fired up to manage your money yet? Contact your trusted financial advisor. You can also get FREE financial consultation from me by filling out the form here to help you get started. 

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Live wisely,







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