The recession has made it fairly common for people to fall behind on their auto loan payments and suffer financial consequences that can range from repossession to a ruined credit score.
However, people can get into financial trouble over more than just monthly payments. It’s also fairly common for identity thieves to target victims by breaking into homes and cars and stealing any personal documents that might be contained within.
One such example was reported on recently in the San Antonio Express-News, where a local man had a neighbor break into his truck and steal a bag of documents that were then used to ring up thousands of dollars in phony charges.
Despite the considerable growth of hacking and phishing scams in recent years, the newspaper noted that stolen physical documents remain the most common source of identity theft in the country. For these reasons, people should never keep cash or financial statements in their cars. Inside the house, these items should also be stored in a secure place.
With this in mind, basic precautions like keeping documents in a secure place can protect one’s bank accounts and credit scores.
Mon, Mar 22, 2010
Debt Management, Debt Reduction Advice, Getting Out of Debts