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:
Shred financial documents before discarding.
Don’t carry your social insurance card in your
wallet or write the number on a cheque.
Don’t give out personal information by phone,
mail, or Internet unless you know the recipient.
Never click on links in unsolicited emails. Just
in case they lead to a fraudulent site, always type
in the correct web address.
Don’t use obvious passwords (your birth date,
mother’s maiden name, last four digits of your social
insurance number, etc.), and don’t carry them with you.
Keep personal information in a secure place at home.
Inspect your credit report at least once a year and
report any discrepancies.
Be alert for bills that don’t arrive on time, new credit
cards (or statements) that arrive unexpectedly, and
denials of credit for no apparent reason. Make inquiries
and follow them up.
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.