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Wednesday, February 18, 2009

5 Tips to Help Make Your Identity Safe

By Harvey Warmuth

Identity theft is an always present concern in today's society, so you really need to do what you can to ensure your identity is safe. Using your common sense is a great first step when it comes to securing your identity. You are the only one that truly suffers when your identity is stolen, so it is up to you to make sure you are safe.

Below are five tips that you should consider following if you want to make sure that your identity is safe. After all, it is up to you to make sure that your information remains secure.

1. Personal information in mail: The mail you receive on a daily basis probably contains a lot of personal information. This includes bank statements and credit card applications which can be used to steal your identity. Consider opting out of receiving credit card applications and start getting your bank statements delivered electronically, so that you eliminate a lot of your personal information from the regular mail.

2. Debit card issues: You might want to think twice when you use your debit card as a credit card. Because the money is taken out of your savings or checking account immediately, someone can very easily drain your account before you know what is going on. Use a real credit card instead because you will be better protected.

3. Stop using checks: A check contains both your account and bank routing number, which can easily be used by a criminal to drain your bank account. There is no reason to use checks to make purchases with when you should really be using a credit card, which offers greater protection.

4. Virtual credit cards: A lot of banks and financial institutions are offering virtual credit cards. You are issued a one-time use credit card number that you can use to make purchases online. This keeps your real credit card numbers out of the hands of thieves.

5. Personal information kit: You need to keep track of all of your account numbers associated with all of your bank accounts. You also need to make copies of important documents including your social security card and passport. You will need this information should you ever become a victim of identity theft, so now is the time to organize your financial life.

If you follow the above suggestions, then you are well on your way to protecting your identity. Another step you should consider is to subscribe to a stolen identity protection solution. This will assist in securing your identity so that you never become a victim of identity theft.

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