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Thursday, May 6, 2010

Financing 101 - Do's and Don'ts #3 - Identity Theft Tips

One of the biggest enemies to financing is identity theft, and it is one of the fastest growing crimes out there today. The fact is that identity theft can strike anyone no matter where they are and how careful they try to be. For many people the fear of losing their money is enough to have them hire one of these protection companies that have recently become very popular. Many of these companies do actually offer a solid form of protection. First they make your information much more difficult to steal, and then they constantly monitor it to make sure there is no unusual activity. If there is anything suspicious they immediately alert you so that you can figure out the problem and it can be dealt with quickly. This limits the amount of damage done, but you still can become a victim.

Because there is no 100% guaranteed way to protect yourself from identity theft you need to know what you can do to recover from it. One of the protection companies will have a plan in place, but if you do not have one you can just go to your bank and file paper work. This crime has become so common that many lenders can return your money and give you new information in a matter of weeks. This is a big help but sadly the protection companies and banks usually fail to fix your credit score which can be severely lowered after you suffer from this crime.

The good news is that fixing your score has never been so easy. All you have to do is hire a credit repair company that will come in and fix it in weeks. The process of credit repair is great because it will work with any ones score, and it is very affordable.



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