Identity theft is now one of the fastest growing crimes in the world. Each day the news is full of articles about new identity theft schemes and people who have had their lives destroyed by identity theft. Even children are now becoming victims of identity theft.
Go Identity Protect is a new low cost service that can help protect your family from identity theft. Using a service like Go Identity Protect can enable you to spot identity theft and stop identity thieves from destroying your financial future.
How Identity Theft Works
Even though it’s a growing threat, many people still don’t understand how identity theft works. In reality, identity theft is a pretty simple crime that is much easier to commit than you might think.
It usually works like this: a crook gets his hands on some basic information about you such as your name and social security number. The criminal then uses this data to get things such as credit cards, health insurance, bank accounts and even mortgages in your name. The bad guy then uses these things to buy stuff or get cash.
How Identity Theft Can Hurt You
The bad thing is that you get stuck with the bill and your credit record gets ruined. Whenever a bill or charge in your name isn’t paid it gets reported to the three major credit bureaus: TransUnion, Experian and Equifax.
The credit bureaus keep tabs on people credit and compile credit records. Banks, credit card companies, car companies and others use these records to make decisions on. If your credit record is real bad you might not be able to get a bank account, credit card, a car loan or a mortgage.
Some employers and landlords also based their decisions on credit scores. In some cases a person with a bad credit score can’t rent an apartment or get a job. Identity theft can ruin your credit score which can ruin your life.
How Go Identity Protect Can Help You
Go Identity Protect can’t actually stop identity theft but it will enable you to spot it quickly and stop it from wrecking your credit rating. Go Identity Protect monitors the big three credit bureaus and tells you whenever there’s a change in your credit rating.
If somebody else is using your credit information to make purchases, take out credit cards or apply for things like mortgages you should be able to spot it quickly. More importantly you should be able to get it off your credit record.
This is important because the credit bureaus will remove false or inaccurate information from your credit report. Unfortunately they will only do this if you contact them and ask them to do so. This means that identity theft doesn’t have to ruin your credit record if you act fast to take it off your record.
Go Identity Protect can help you determine if an identity thief is trying to use your credit rating and stop it. Go Identity Protect can also help you monitor the credit records of elderly relatives, children, the disabled and others who are often targets for identity thieves and protect their credit ratings. Identity thieves often target these people because they’ll be less likely to notice such activity until it is too late.