“Having your good name tarnished” is an old adage about losing pride and failure to report identity theft can do just that. Today, having your name tarnished can also mean financial ruin, so learn the ways of identity theft. Red flags of warning of identity theft can come in the form of bank statements, investment statements, and credit reports that don’t add up, but there are other signs of trouble that people typically notice. Be smart, protect yourself from identity theft before it’s too late.

The first sign of identity theft could be a change in your billing cycle and act as a red flag to tell you it’s time to report identity theft. When your bills stop arriving on schedule, you need to find out why. Contrary to popular belief, not all the criminals working to steal your name and money use online theft. You need to be concerned when there’s a change in your billing cycle.

The one thing we can count on is that bills always arrive on time. Late bills are a warning sign and you should report identity theft immediately. Contact any companies as soon as you realize a bill is late so you can verify your actual billing date with them. This can tell you if a thief has changed your billing date from identity theft or whether bills are being sent to a new address to try and hide the fact your personal information has been stolen.

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This entry was posted on Sunday, June 24th, 2007 at 12:40 pm and is filed under Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.