How to Prevent Identity Theft

Posted on May 18, 2021 by Guy Atkinson

There are many types of credit cards, but the most common in North America is the credit card. These cards have had a great run recently, and some people enjoy having them so much. They can be an excellent way to build credit history. However, they have also been the target of many fraud schemes in the past. In this article, I will discuss how you can protect yourself from identity theft through the use of your credit card.

When it comes to identity theft, you need to keep in mind that you are not the only one who has this problem. As soon as someone obtains your credit information, they can take out loans, apply for credit, and do just about anything else they please with your personal information. It can be quite easy for someone to obtain your credit card number through fraudulent means.

It can also be easy for someone to get a hold of your card information. This usually happens if the card is lost or stolen, which is more common than most people think. Many of these scams involve someone using your address or phone number to make purchases. This is done in order to get the card numbers so the thief can use it for their own personal gain.

Your best protection from identity theft through the use of your credit card is to avoid giving your personal information out over the phone or internet. You should never go by the telephone number on the card. If you do give out this information, then you should call the credit card company right away and make sure that there is an investigation going on. If you do not do this, then it is very possible for someone to use the information that is on your credit card. This could result in your account being completely closed.

If you already have credit cards, then you should review them each year to make sure that the information on them is true and correct. Make sure that your monthly bill is accurate. The balance that you are paying each month should not change because of a sudden change in your financial situation. There are many ways that you can prevent identity theft, but by making sure that your credit card information is protected at all times, you will be protecting yourself from this horrible problem.

Identity theft is one of the fastest-growing crimes of this century, and if you currently have credit cards, you need to review them each year to make sure that they are updated with the most recent information. You can learn more about identity theft, how to stop it, and how to repair your credit report by visiting the official United States Federal Trade Commission website. There, you can find everything you need to know about credit cards and how to avoid being a victim.

What should be done if you have become a victim of identity theft?

If you have been a victim of identity theft, taking prompt action is crucial to minimize the damage and protect your personal information. Here are the steps you can take:
  • Contact Law Enforcement: Report the identity theft to your local police or law enforcement agency. Obtain a copy of the police report, as it may be required for various purposes.
  • Notify Credit Bureaus: Contact the major credit bureaus (Equifax, Experian, and TransUnion) to place a fraud alert on your credit report. This alert notifies creditors to verify your identity before extending credit.
  • Freeze Your Credit: Consider placing a credit freeze on your accounts to prevent further unauthorized access. This restricts potential creditors from viewing your credit report, making it challenging for thieves to open new accounts.
  • Alert Financial Institutions: Inform your bank, credit card companies, and other financial institutions about identity theft to monitor for suspicious activities and potential fraudulent transactions.
  • Review Your Accounts: Thoroughly review your bank statements, credit card bills, and other financial records for any unauthorized transactions.
  • Report to the FTC: File a complaint with the Federal Trade Commission (FTC) through their website or by phone at 1-877-438-4338. The FTC provides resources and support for identity theft victims.
  • Change Passwords: Change passwords for all online accounts, including email, banking, and social media, to prevent further unauthorized access.
  • Seek Legal Assistance: Consult an attorney with experience in identity theft cases to guide you through the process and protect your rights.
  • Enlist the help of Tracing agents Tracing agents, such as those found at Bond Rees and similar firms, offer invaluable assistance in identity theft cases. They can conduct thorough investigations to uncover the origins of the theft, locate the culprits responsible, and gather compelling evidence to bolster legal actions.


    In conclusion, identity theft poses a significant threat to individuals, leading to financial losses, emotional distress, and potential long-term consequences. Vigilance in safeguarding personal information and taking prompt action when identity theft occurs is crucial. Reporting the crime to law enforcement, notifying credit bureaus, and seeking legal assistance are essential steps to mitigate the damage and protect one’s identity. Tracing agents can play a pivotal role in investigating and tracking down identity thieves, providing valuable evidence for legal actions. Through collective efforts, including public awareness and robust security measures, we can combat identity theft and strive to create a safer digital environment for everyone.
  • Tip of the Day

    Time management for Finance Professionals

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    I’ve just re-read Richard Denny’s fantastic book ‘Selling to Win’, in which he mentions a time management technique that I learnt many, many years ago from an old boss of mine.


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