So, how can we protect ourselves from the cunning and fraudulent schemes of scam artists? Let us identify some practical ways that we can use to avoid succumbing to credit fraud and identity theft

Practical Ways to Avoid Credit Fraud

1. Constantly monitor your credit report. The best way to avoid getting ripped off by the cunning and illegal activities of scam artists is to regularly check your credit file. Is this a difficult thing to do? Of course not! You just need to contact any of the three credit reporting agencies to obtain a copy of your credit report. The federal law actually entitles you to receive a free annual credit report from each of the three credit reporting agencies. This gives you plenty of chances to check your credit records.

Read more Practical Tips on Avoiding and Recovering From Credit Fraud

First of all, what items in your credit report can you dispute about? Most people think that false charges or debts are the only things that can be disputed. However, misspellings in your personal details, omissions and sudden changes in your identity details can also be disputed. As long as it is an incorrect data, you have the right to notify the credit bureau and ask for a correction.

Where should you get a copy of your report?

Also, take note that you need to obtain a copy of your credit report from all the three major credit bureaus. Each bureau is a separate entity and creates a different report. You may find errors in one credit report that are not found in the report that was issued by a different credit bureau. Thus, it is recommended to order a report from each of the three major credit bureaus. This will also enable you to compare each report and use the correct report as reference.

Read more How To Fix Credit Report Disputes

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