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What Can You Do About ID Theft?

Did you know that 15 million Americans have been victimized in a year period?  That's a lot of identity theft. 

What are you doing about it?

Check out this article about identity theft.

Again, what are you doing about it?

You can do what many people are doing - ignore it and maybe you won't have a problem with it.  Even if you were not on the internet, you still are a candidate for identity theft.  With all the laptops disappearing, and hackers getting into computer systems, you are just lucky that you are not affected.

 Your Social Security Number could be used by an illegal immigrant and you would never know.  An illegal immigrant needs a SSN to work.  Social Security does not care if there are two different people with the same SSN.  They keep track of each one separately.  And Social Security does not inform the original owner of the SSN that some one else is using their SSN.

If you have children, you need to be checking their credit report.  This is the easiest form of identity theft because it may not be noticed until the children grow up.  Because of IRS rules, each of your children have a Social Security Number, which can be used to get credit.  Children have good credit scores. 

One thing I have done is sign up with LifeLock to secure the identities of my entire family.  You can try it free for 30 days.  Then if you continue it is either $10/month or $120/year per adult and $2.50/month or $30/year per kid. 

 What they do:

  • Sets fraud alerts on all of your credit reports at Equifax, Experian, TransUnion and ChexSystems.  This is supposed to also stop the pre-approved credit offers filling your mailbox.  These fraud alerts need to be renewed every 90 days.
  • Free credit reports from the major credit bureaus every year.
  • Checks credit reports every ninety days to ensure that there is no activity.
  • Checks for open checking accounts.
  • Obtains a work history from the Social Security Administration to ensure that no income is being reported on your child's SSN.
  • $1 Million guarantee

I think this last item is the best part of this service.  And now I can sleep well at night.


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This page contains a single entry from the blog posted on March 8, 2007 7:15 AM.

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