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Financial Identity Theft

Financial Identity theft is the bank fraud. It occurs when criminal gets a loan from bank pretending himself someone else. The criminal proves himself to be the victim by showing an accurate name, address, date of birth or other information that are required by the banks to identify the customer. Even if the lender of income tax loans verifies this information through national consumer reporting agency all information given by criminal is identical and not a single issue arises at this stage. It can only be verify by checking Original ID card issued by Government. Such crimes do not leave any evidence. One can only discover the criminal if the funds for loan were mailed to them.

Financial identity theft include bank fraud, credit card fraud, computer and telecommunication fraud, social program fraud, tax refund fraud, mail fraud etc. Financial Identity theft is the most occurring financial crimes all the financial crimes.

Financial Identity thieves look for basic information like name, address and social security number additionally they look for credit card number, your bank information, any legal document information, any titles related to your home and property that can be utilized to refinance your existing property and help to take on bigger loans to make you a victim of mortgage fraud.

Whenever any one makes debit or credit card transaction at any retailer, it is retailer's responsibility to protect your information. Many retailers save client data for a time period. Some times this data becomes accessible to hackers due to insufficient protection of retailer's network. Retailer may use unsecured wireless connection or they may have improper firewalls. Or simply they have some worker who installs a virus or spy ware that can monitor all the transactions and thus making the data accessible to the hackers.

There are different sings that will tell you that you have fallen a prey to financial identity theft. Most commonly one starts receiving calls from bill collectors for non-payments of certain bills of the products and services that have been availed by a financial identity thief. You will also come to know about your indebted state of affairs when you will go to apply for a loan, you will be deemed ineligible to apply for any kind of loan because you already have dozens of cards open on your name and their bills are unpaid yet. These are some of the ways through which you might discover that you have become a prey to financial identity theft.

An excellent way to protect yourself from financial identity theft is to just freeze your credit if you have this option in your state. Sometimes you have to pay a $ 1 fee to freeze your credit. The second way to protect yourself is to obtain a credit monitoring and monitor your credit 24 hours a day. You must also check your credit reports at least quarterly or at least semiannually.

For more identity theft related information and how to counter it, please visit http://www.topcompanyreviews.org/identity.htm

My Profile

Profile Avatar
income tax loans
*******
*******, ******* *******
*******
******* ******* *******

Financial Identity Theft

Financial Identity theft is the bank fraud. It occurs when criminal gets a loan from bank pretending himself someone else. The criminal proves himself to be the victim by showing an accurate name, address, date of birth or other information that are required by the banks to identify the customer. Even if the lender of income tax loans verifies this information through national consumer reporting agency all information given by criminal is identical and not a single issue arises at this stage. It can only be verify by checking Original ID card issued by Government. Such crimes do not leave any evidence. One can only discover the criminal if the funds for loan were mailed to them.

Financial identity theft include bank fraud, credit card fraud, computer and telecommunication fraud, social program fraud, tax refund fraud, mail fraud etc. Financial Identity theft is the most occurring financial crimes all the financial crimes.

Financial Identity thieves look for basic information like name, address and social security number additionally they look for credit card number, your bank information, any legal document information, any titles related to your home and property that can be utilized to refinance your existing property and help to take on bigger loans to make you a victim of mortgage fraud.

Whenever any one makes debit or credit card transaction at any retailer, it is retailer's responsibility to protect your information. Many retailers save client data for a time period. Some times this data becomes accessible to hackers due to insufficient protection of retailer's network. Retailer may use unsecured wireless connection or they may have improper firewalls. Or simply they have some worker who installs a virus or spy ware that can monitor all the transactions and thus making the data accessible to the hackers.

There are different sings that will tell you that you have fallen a prey to financial identity theft. Most commonly one starts receiving calls from bill collectors for non-payments of certain bills of the products and services that have been availed by a financial identity thief. You will also come to know about your indebted state of affairs when you will go to apply for a loan, you will be deemed ineligible to apply for any kind of loan because you already have dozens of cards open on your name and their bills are unpaid yet. These are some of the ways through which you might discover that you have become a prey to financial identity theft.

An excellent way to protect yourself from financial identity theft is to just freeze your credit if you have this option in your state. Sometimes you have to pay a $ 1 fee to freeze your credit. The second way to protect yourself is to obtain a credit monitoring and monitor your credit 24 hours a day. You must also check your credit reports at least quarterly or at least semiannually.

For more identity theft related information and how to counter it, please visit http://www.topcompanyreviews.org/identity.htm