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How can you protect yourself from identity theft?

June 25, 2011

I know this isn’t a very “FUN’ topic but it’s something that you need to be aware of…

You’ve probably noticed identity theft is becoming more and more prevalent out there. Canada’s two largest credit bureaus receive approximately 1,600
identity theft complaints every month!

Identity theft is when someone uses your personal information to commit fraud or other crimes. Since resolving identity theft can take a lot of time and be very expensive, prevention is the best strategy:

If you’re a victim of identity theft, report it to the police immediately. The first step is to talk to a professional, like your mortgage agent to review your personal financial situation and review your credit with an annual credit check-up. Yearly reviews like these are beneficial in assessing your beacon score (used to determine your credit rating/score) and aid you in maintaining or improving your credit, especially when it comes time to purchase a home and to qualify for the best mortgage rates and offers out there.