If your credit is in good standing, but credit applications have been denied, then this could be a potential sign of identity theft
Identity theft is something that you want to catch right away, if possible. The longer that identity theft occurs, the more damage it does. What’s alarming is that a lot of people don’t consistently check their bank statements. Here at Malden Solutions, not only do we offer a variety of benefits packages that will benefit business owners and employees alike, but we offer identity theft protection as well. Would you know if someone was trying to steal your identity? If not, then read on to discover some of the top signs of identity theft.
Purchases That You Didn’t Make Are on Your Bank Statement.
You should never ignore little changes, even if only a few pennies have been charged to your account. People who commit fraud buy stolen accounts and test them with small purchases. If you didn’t authorize the purchase, you indeed need to look into this.
You Start Seeing Statements From An Unknown Credit Card Account
If a thief has the right information, they can apply for credit cards in your name. Their hopes usually are to go for a shopping spree on your dime before you start noticing the changes and closing the account.
If There is Any Misinformation on Your Credit Report
The three big credit bureaus, Experian, Equifax, and Transunion, allows people to receive a free credit report every year. You should look at these reports every few months to look for anything suspicious.
If You’re No Longer Receiving Emails
If you no longer see your monthly statement, then this is indeed a red flag. What happens with identity theft is that perpetrators may change the billing address so that their purchases can go under the rug for a long time.
If Credit Applications Get Declined, And Your Credit Score is Excellent
If you find that a credit application is denied, especially when your credit is in excellent standing, look into this. What may be happening is that an identity thief may be messing up your credit score by making outlandish purchases.
How to Combat Identity Theft
- Switch up your passwords; Don’t have the same password for each account
- Check bank statements daily
- Create multiple email accounts; especially regarding finances
- Hire us to offer you identity theft protection that will give you a sense of security should your identity ever be compromised
Partner with Malden Solutions Today
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin.