How to Monitor Your Credit to Avoid Identity Theft
You can protect against identity theft by continually monitoring your credit. Follow these steps.
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Instructions
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Familiarize yourself with the three major credit reporting companies, Equifax, TransUnion and Experian. Almost any credit that is established in your name will be listed with one or more of these bureaus. You are entitled to one free report a year from each company (see Resources below).
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Learn how to read your credit report. It tells you when the credit was established, if and when an account was closed, if you've been late with your payments and more. Knowledge of the report will help you spot mistakes or fraud on your record should they appear later on.
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Note the date on which your monthly bills arrive. Some thieves get your information by rerouting your correspondence to other addresses. If you notice that your bill is late, contact the financial institution immediately.
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Monitor your credit card and bank statements consistently to spot any irregularities. Don't throw your bank statements in a drawer or forget to check new charges on credit card bills.
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Visit the Federal Trade Commission Web site, which has excellent information on deterring identity theft (see Resources below).
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Tips & Warnings
Contact the police if you believe you have been a victim of identity theft.
For a fee, you can sign up for a credit monitoring service. Check first with the Better Business Bureau to learn whether the company has had any complaints filed against it.
