5. If Your Identity Is Stolen
Minimizing the disaster of identity theft depends primarily on your vigilant efforts to guard your personal identification privacy, and thus be aware as quickly as possible that you’ve been the victim of an intrusion.
You need to take control of the situation and not waste time waiting for someone else to step up and
help you. Do not pay bills that you did not incur. Be persistent with police, credit bureaus, credit card
companies and banks. Continue to call, write letters and keep track of your efforts to stop the theft and reverse the damage.
6. Identity Theft Protection
Products and Insurance
If you want to protect yourself from, or at least minimize, the financial losses that occur when your identity is stolen, consider buying special identity theft protection.
Many private companies (often security agencies) now sell products or packages designed to insure
against identity theft damages or to protect you from becoming a victim. You can also find products
on the Internet. Before you buy these services or products, however, check them out carefully. Some
are scams designed to get your personal information and take advantage of you. One cheap product
to consider—a paper shredder.
Also, a number of insurance companies sell identity theft protection—either as a separate insurance
policy or as an option that comes with your homeowner’s insurance policy. These policies provide compensation for common expenses associated with identity theft including lost wages, mailing costs and attorneys’ fees.
Taken From : Credit Repair by Attorneys Robin Leonard and Deanne Loonin
