MemphisDEBT.org - Resources

Protect Your Credit

Check and credit card fraud are growing problems in our area. There are, however, some simple steps you can take to protect yourself before anything happens. Once fraud occurs, it can be a nightmare for you to establish the truth.

Never print your Social Security number on your checks. A thief can sometimes turn that information into identity theft.
When you order checks, only print your first initials and last name on them. That way, if your checks are stolen, the thief won't know how you actually sign your checks, but your bank will have your signature on file.
Never put your credit card number on a check you're writing to pay on that card account. You only have to put the last four numbers because the company will know the rest of them. If your check is intercepted along the way, the thief won't have your whole card number.
Make a Xerox of your credit cards and drivers license (front and back). Store the copy in a safe place so you can call the right numbers in case of theft. Most credit cards have a customer service phone number on the back so you can report any theft as quickly as possible.
In case of theft, call the police and file a report. This will show you were doing the right thing in case a thief tries to use your credit card later.
There is a third type of call you need to make after you've called the police and your credit card company. There are three credit-reporting companies that track your credit. By calling them and reporting the theft, you are notifying them of possible fraud on your name and Social Security number. This means that a company has to contact you before authorizing any new credit in your name. So the thief loses out. In addition, you should report any theft to the Social Security Administration so your number can't be used by a thief. The numbers are:

Equifax: (800) 525-6285

Experian (formerly TRW): (888) 397-3742

Trans Union: (800) 680-7289

Social Security Administration (fraud line): (800) 269-0271