Spotting Identity Fraud
So far, we’ve covered how identity fraud can impact your finances, credit, and thus, chances of securing a solid home loan.
We’ve also discussed who’s most at risk for falling victim to identity fraud. Today, let’s take a look at how one can determine whether or not someone’s been taking liberties with their personal information.
The first place to look is your bank. Your accounts may show an unauthorized charge. Any reputable financial institution should have safeguards in place that will deny transactions that look like they’ve come from an unfamiliar place. But, even banks aren’t above error, and may miss something. That’s why it’s good for you to check your accounts on a consistent basis to see if something’s amiss.
Check Your Accounts Regularly
The same goes for debit card holders. If the card associated with an account makes a purchase you didn’t authorize, it will show up on your statements. Again, vigilance is your best support to correct the concern from the onset. Likewise, if you are sent a bank statement from a credit line that you know you didn’t take out, it’s likely a case of fraud.
When debt collectors come calling, some may be inclined to hit decline. But, you might want to hear them out. They may be calling about an account that you didn’t open, which would be a clear indicator of identity fraud.
Notice of Data Breaches
Have you ever received correspondence stating that your information was compromised in a data breach? It happens quite often, with even some of the largest corporations that you’ve patronized falling victim to them. If you’ve gotten notice of this recently, it’s a good idea to review all accounts to be safe.
Keeping these things in check will make your future financial endeavors all the more safe and secure. Once you’ve gotten everything in check, and are ready to pursue your first or next mortgage, contact us your friends here at LeapFrog to get started.