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Credit Report & Credit Score; Credit Repair, Debt Management > Identity Theft > Preventing Identity Theft and Protecting Your Credit History

Preventing Identity Theft and Protecting Your Credit History

By Ruth Racey
Published: Thursday, October 8th, 2009

Online shopping while providing people with the convenience of getting what they need without leaving the comforts of their homes have spawned something that everybody has come to dread: identity thief. Computer scammers steal identities by setting up bogus shopping websites. Luring people to visit cloned websites is easy. These websites appear just like your popular shopping website. All information supplied to complete the purchases ends up in the hands of the scammer and can be used for his own purchasing activities. With identity thief, you can incur huge debts, empty your bank accounts in a matter of minutes without you knowing about it.

The bogus website is just one of the ploys that identity stealers use. They are also capable of hacking your computer to get vital information about social security numbers, credit card and bank accounts. To safeguard private information, it is best to immediately delete sensitive personal information used to consummate transactions online. You can do these with file shredders or some other computer programs designed specifically for the purpose.

Getting your identity stolen through online scams is just like losing you wallet with all your cards, licenses, bank accounts, and social security number in it. You have to replace everything and inform banks, credit card companies of your loss before the stolen information can be used. Losing your wallet is a little better than online identity thief because at least you become immediately aware of it. With the latter, you are unaware of it until a bill arrives informing you that you have exceeded your credit limit.

There are steps that you can do to prevent having your identity stolen over the net. Make sure you are in the official site of your favorite shoppers’ website. The cloned will be surprisingly similar in appearance to the genuine website but the address will be different. So before you touch the keyboard to type your card numbers to complete a purchase look at the web address. It will save you a lot of grief and inconvenience later on. And you can help others avoid getting scammed by informing the official website of the existence of a fraudulent one.

If you feel you have fallen victim to online scam, act fast. Request a copy of your credit history from the companies you deal with. Transactions you do not have knowledge about are clear indication that somebody else is using your card. Inform the companies about this to put to stop all transactions made in your name.

Online transactions are here to stay and will continue to grow. There are two things you need to give special attention: identity thief and your credit history.

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