fbpx

Protecting Your Identity

May 24, 2012

The number of identity theft cases continues to

The June 2012 Consumer Reports Magazine focused on tips and products to help you protect your privacy.  They reported that 16 million households have been victims of identity theft over the past year (up almost 50%).  Census bureau data for the same year shows that there were 114.8 million households total, so roughly 14% of U.S. households experienced identity theft in the past year.

Also included in the Consumer Reports Magazine were privacy tips for Facebook users:

  • Know that insurers, employers, enemies, criminals, and government investigators (such as the IRS) are watching Facebook activity.
  • Think before you type – even deleted accounts can stay active for awhile.
  • Protect basic information and be careful of “friends of friends” information sharing.
  • “UnPublic” your Facebook wall so that only your friends may see your posts.
  • Turn off Tag Suggest in your privacy settings

What to do if your identity is stolen:

  • Contact all three credit bureaus and issue a fraud alert.  Check your credit report to make sure there are not items you don’t recognize.
  • Provide each agency’s fraud unit with a copy of your driver’s license in order to register an affidavit.
  • Contact the proper authorities in writing.
  • Inform the police department, Social Security Administration (800-269-0271), and all creditors you have accounts with.

The three credit bureaus are:

  1. Equifax 800-525-6285
  2. Experian 888-397-3742
  3. Transunion 800-680-7289

Additional tips for protecting yourself:

  • Even if you haven’t had your identity stolen, you should still check your credit report each year.  Visit annualcreditreport.com to get one free copy of your report per credit bureau per year.
  • Be careful of which emails you open and be wary of any hyperlink in any email.
  • Use a credit card over a checkbook or debit card.
  • Don’t carry your Social Security card or number around with you.
  • Shred documents with personal information on them when they need to be discarded.
  • Look for the https at the beginning of a hyperlink when shopping online.  This indicates a secure site.

Click here if you would like to sign up for Ebates!

Most Recent Episodes

3 WORST Types of Financial Crooks (Don’t Get Scammed!)

In the financial world, there are a lot of crooks that try to get into your pockets. From metaphorical crooks selling a bad product to literal crooks stealing your money, we'll cover the different types of financial crooks to watch out for and how you can protect...

Financial Advisors React to NFL Players Spending Their First Million!

Not many Americans will ever make over one million dollars in a year, but professional athletes regularly make that and more. In this react video, we'll see how NFL players spent their first million dollars after making it into the league. As we review their mistakes...

Everything You Need to Know About Real Estate Investing!

Over the years, we have had some great conversations about real estate investing. In this episode, we put together the ultimate guide to show you everything you need to know about real estate investing! In this episode, you'll learn: How to get started in real estate...

The Truth About The FIRE Movement! (Is FIRE Still Possible?)

Since the advent of the FIRE movement several decades ago, we have never experienced a period of higher inflation until now. With the market down over 20% and inflation at 40-year highs, is FIRE still possible in 2022? If it is, what does it take to become financially...

Top 3 Most Controversial Money Issues! (Our Hot Takes)

We have some unpopular opinions about controversial money topics. In this episode, we'll discuss our three biggest controversial hot takes, including our thoughts on nice cars, wealthy people, and real estate. You won't want to miss this one! In this episode, you'll...

Why College in America is Broken [And What You Can Do About It]

College costs in America have skyrocketed over the last few decades, as has the total student loan debt in the country. In this episode, we'll talk about why college in America is broken, what went wrong, and how you can do college the right way. In this episode,...

Why This Recession is Going to Be VERY Different!

Every recession is different, and this one is no exception: we are currently experiencing once-in-a-lifetime inflation and started the recession with historically low interest rates. Will this recession be different from any other we've experienced? How will it end...

How to Protect Your Finances During a Recession! (By Age)

The S&P 500 recently crossed over into bear market territory, and many in the financial media believe we are in a recession. Bear markets and recessions affect everyone differently, and we think there are certain things you need to focus on (or forget about) by...

Avoid These Home Buying Mistakes! (Even During a Crazy Market)

Housing prices have gone up over 30% in the last two years, and over 70% when you account for rising interest rates. However, there are some glimmers of hope in the housing market for those looking to buy. Will the market cool off anytime soon? How can you buy a house...

Financial Advisors React to OUTRAGEOUS Money Advice on TikTok!

The most powerful time to get serious about building wealth is when you’re young. So, what is the younger generation learning? Financial Advice (good and bad) is being produced in massive rates across online platforms and Tik Tok is the new frontier. Is there good...

Financial strategies to your inbox!

Never miss a show again, get special offers and early access. Ready to build wealth and start owning your time? 

You have Successfully Subscribed!