How identity theft occurs :

Identity theft is one of the nation's fastest-growing crimes, affecting more than 9 million people each year. The more you know about this prevalent crime, the better prepared you will be to protect yourself. Identity thieves can get hold of your personal information in a variety of sneaky and illegal ways:

Your mail:

• They go through your mail and take your bank and credit card statements, pre-approved credit offers, and tax information
• They complete a "change of address form" and reroute your mail to another location.

Stealing your information:

• They steal your wallet or purse containing your personal identification and credit cards.
• They "dumpster dive", rummaging through trash bins for your personal information such as unshredded credit card and loan applications.
• They "shoulder surf" at ATM machines and phone booths in order to capture PIN numbers.

Buying your information from a third party:

• They buy your personal information from "inside" sources. For instance, an identity thief may pay a store employee for a copy of your credit application

While pretending to be you, thieves:

• Call your credit card company and ask to change the mailing address on your credit card account. Then, they run up the charges on your credit card. Because your bills are being sent to the new address, it may take some time before you realize what's going on.
• Use your name, date of birth and SSN, to open a new credit card account. They use the credit card and don't pay the bills. Or, sometimes they make the minimum payment every month so that the activity can go on, unnoticed, for months.
• Establish phone or wireless service in your name.
• Open a checking account in your name and write bad checks.
• File for bankruptcy under your name to avoid paying the debts they've incurred as you.

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Bad Credit & its Symptoms :

Bad credit can be described as poor credit rating. You may convince yourself that your credit is good, but when you find that any of the below mentioned points applies to you, then it is a sign of bad credit. In order to avoid your bad credit at the initial stage, you should analyze your credit report carefully and approach credit repair companies.

• When your interest rates gets increased and when you're late on payments to other creditors.

• When you feel that you are running out of credit and under debt.

• When your credit score is below 650, then you are in need of credit repair.

• If you can't get loans approved by yourself, then you need a credit repair. But when your credit is good,  you need not seek others surety for your loans to get approved.

• When you have the situation of financial difficulties which you can't overcome.

• When your credit card application gets denied for the purpose of improper information in your credit report.

• When your credit card balance increase month by month, it's time to check and repair your credit score.

• When one of your credit card is closed by your card issuer, it might not be an issue. But when this repeats on many of your credit cards, you need a credit repair.

• When debt collectors start calling you, that means your creditors have given up trying to get you to pay your bills.

• When you cross your credit card limits continuously and your card issuer calls off the card.

• Most of the land lords will be checking credit. Bad credit of yours may result in keeping you away from getting a rental property.

• Many employers use your credit report to make hiring and promotion decisions. Putting off bad credit repair can keep you from getting the jobs you apply for.

Bad credit will make you to come up with excuses telling “I dont have time” or “I dont know” to check your own credit reports. The truth is you are afraid to see your report. Early you correct, you can overcome bad credit.

Keep yourself posted on how to increase your credit score through our blog

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