Ways That You Can Prevent Identity Theft

As the internet and other modern communications tools play a larger and larger role in the way people work, shop and live, identity theft has become a concern for virtually everyone. In order to save yourself from the headaches of fraud, here are some fundamental tips for safeguarding your important information.

Make The Switch To EMV Cards

Over the past year, American retailers, lenders, and financial institutions have been switching over to “chipped” credit and debit cards which support the EMV standard. These cards give your financial information an added level of encryption when you use them for purchases.

Save before you invest?

Save before you invest. That’s the point that Porter Stansberry of Stansberry Research says:

 

Here are  a couple of excerpts from that article:

“The simple reason most people will never acquire a significant amount of wealth is because most people lack the discipline to save money. It’s really that simple. Think about how much money you earned last year after taxes. Think about how much you saved. Was it enough for you to meet your financial goals? ”

He recommends getting completely out of debt , saving 50% of what you earn and saving $50k before investing as he states here:

Debt Settlement vs Bankruptcy

Debt settlement  Why should you consider it before bankruptcy?

Debt is major concern for one and all given the present economic scenario. However, the pertinent question that remains is what the major steps that can be taken in the face of debt to erase it altogether are. This is amongst those financial considerations that need to be contemplated seriously while taking into consideration various other factors. Now, talking about erasing debt, you’re sure to be wondering whether or not it’s really possible to “erase debt”. Well, this is again a frequently debated question too. If you’re practically over your head in debt so much so that you’re unable to pay your bills and getting harassed by collection calls, then it’s definitely time that you took things seriously.

Text Message Phising Can Lead To Identity Theft

Phishing is a technique which is used by the criminals to steal personal information. You need to learn ways to spot phishing text messages or emails so that you can minimize the risk of identity theft.

Text messages phishing deceives the users and convinces them to click on the link in a message. It leads to a fake website, where the personal details are stolen or phished.

Following are a few tips to prevent id theft via text messaging:

Stop Credit Card Fraud With Instant Mobile SMS Alerts

The alerts are sent wthin seconds via text message or email.  The service is available from VISA ( Rapid Alerts service) and Mastercard (In Control). Talk with your card issuer for more info. [ref Bottom Line Pub]