We discussed identity theft in the past and it may seems like old news. We hear about it on credit card commercials and the news practicly every day. But I can’t emphasize enough how important it is to monitor your credit report, because of the increase in identity thefts.
You can obtain a copy of your credit report from a variety of websites. Usually the intitial copy is free, but then you will pay anywhere from $5-$10 a month to have access to it any time you want. You can be notified everytime something is added or a credit check is done.
We all seem to think it will never happen to us, but if you shop, pay bills, invest, or do your banking on the internet you are always at risk. Recently a woman was arrested in Atlanta for using a false identity to purchase a home and was caught when she attempted to refinance it. This is perhaps an extreme case, but I can guarantee you it won’t be the last time we hear about identity theft to this degree.
By James Nexus
Compare Your Loans Contributing Editor
