Chapter 3. Keep Your Credit ranking Score Safe
If you have a reduced credit score rating that you would like, likelihood is that the ranking is due to some small economical error or management you have made in the past. Not every person with a bad credit score has a low credit score rating due to something they did, though. Sometimes, other people’s legal action can impact your credit score rating. There are a few tips that can keep you and your credit score safe from online and economical predators:
Tip #8: Look out for identification fraud.
Many people who are careful about bill paying on time and having minimal financial obligations are shocked each year to find that they have low credit score ratings. In many cases, this happens as a result of identification fraud. Identity robbery is a type of crime in which people take your private details and steal that details to pose as you in order to get access to your records or identification.
For example, someone with your PIN numbers can remove small amounts of money from your banking accounts each 30 days or someone can use your name and private details to get credit credit cards in your name and use those credit credit cards with no intention of repaying the money. You are stuck with the large financial obligations and the a poor credit score rating.
To prevent identification fraud, always check your accounts/banks statements carefully each 30 days. Review any suspicious action or any charges you don’t identify at once. Also check your credit score rating regularly and immediately investigate any new credit score records you do not identify - this is the best way of detecting and acting on identification fraud.
If you have been the victim of identification fraud, go to the cops at once and get a cops statement. Send copies of this to your financial institution and credit score reporting agencies. Better yet, get the credit score reporting agencies to attach the report/statement to your credit score rating files, if you can. Close all your records and reopen new ones. You should not have to pay for someone else’s illegal action.
Tip #9: Exercise secure financial, secure processing/computer, and secure business methods.
To stay protected from identification fraud, always follow secure financial and financial practices:
1) Keep bank accounts figures and PIN figures secure. Cover your accounts and PIN figures when using charge at the store and do not give your PIN number to anyone. Prevent composing down your PIN and accounts figures - you never know when this details could fall into the wrong persons hands.
2) Only do busin