The big news right now is the current US financial crisis. It all started when lenders loosened the requirements and incentives for mortgages. New mortgages featured cash up front and minimal required qualifications. Sure enough, when payments came due a large number of borrowers couldn’t afford them, but by this time institutions had combined them with legitimate investments, shopped them around and presented them as safe to buy – and now, we’re all paying the price.
Your mailbox is a valuable resource for identity thieves. Remember that ID thieves get a lot of their information through plain old physical theft. Your mailbox is no exception. It's often the easiest way for an identity thief to acquire personal information and access to your credit. Fortunately, there are a few easy things you can do to greatly reduce the risk.
This recent identity theft case illustrates some important facts about identity theft and what you can do to prevent it. To sum up, police arrested a man in Texas in connection with an identity theft case affecting over 1,100 University of California, Irvine students.
Here are four interesting facts from the case that will help you understand identity theft and suggest tips to stop it.
Services like
LifeLock provide an extra level of protection against identity theft. Beyond that, the best thing you can do is to take simple, commonsense precautions in everyday life. Here are five of the most useful identity theft prevention tips.
