Protecting your credit from the harmful effects of identity theft, fraud, and errors is an essential consideration in the modern world, and there are several ways that you can make sure your personally identifying information is safe at all times. By being proactive with respect to your current credit report, you can address issues before they occur and ensure that your financial future has as good of an outlook as possible. Here are five ways you can keep your credit secure.
1. Shredding documents
Shredders are a cost-effective way to reduce the chances that identity thieves will find valuable information in your trash. A host of different thieves routinely comb through trash receptacles searching for your information that will be used to apply for loans with your name or get a credit card without your permission. Document shredders are designed to quickly turn old credit cards, bank information and junk mail into a pile of paperwork that is totally illegible. Making sure that your children are also safe is an imperative, and you can easily shred any papers that contain information about any of the members in your family.
2. Receiving free credit reports
Everyone is entitled to a review of their annual credit report from the three major credit reporting bureaus. Even if you’re used to checking your report on a regular basis, you can probably ensure security by receiving your report from each bureau every four months. By providing you with the details that let you dispute errors or prevent identity theft, you can take a positive step and work to make sure that your credit score is always as high as possible. Credit reports contain detailed information about any outstanding loans that have been issued in your name, and by regularly reviewing your credit score, you can be sure that nobody else is using your information to purchase goods or services.
3. Monitoring your credit score
With a host of different ways to make sure that you’re always aware of any changes in your credit history, you can also prevent most expensive damage from occurring. Several firms offer easy ways to keep up to date with your credit history by monitoring all related activity and make sure that you can easily note any errors and dispute transactions that were incurred without your knowledge.
4. Using fraud alerts
Credit fraud alerts are another way to make sure that nobody has access to your personal or commercial line of credit. The alerts are easily added to your credit report, and they are used to notify potential creditors and lenders about issues before they arise. Fraud alerts help to make sure lenders must verify your identification before they provide anyone with an open line of credit or a loan in your name.
5. Keeping your information safe
By working with trusted sites and vendors who have earned a stellar reputation, you can be sure that while you’re shopping on the Internet, your information is safe from prying eyes. Sites that are secure should have an “https,” at the top of the page. This means that the Web page is certified by a trusted company. In addition, you can look for icons that may be visible at the bottom of a page. Checking for information that is contained in reviews from other consumers allows you to gain a deeper understanding about the possibilities that a particular site is going to use your information to benefit from your outstanding credit history.
Keeping your credit secure is easier when you know the options that are at your disposal. By implementing the above five tips into your daily lifestyle, you can create a positive financial future.