Privacy Living and How to Avoid Identity Theft
Personal privacy should be a high priority in your quest to avoid identity theft. Taking an individualistic approach to the leading fraud crime for the past decade will help you and your family keep identity thieves at bay. An identity thief will not target you when he cannot find key personal and confidential information that provides for identity protection. This article will focus on two key components of identity theft prevention; banking secrecy and credit card privacy.
Credit Card Privacy
Recognize that preventing identity theft has overlapping effects as you establish a privacy living lifestyle. That is, a banking privacy and credit card privacy program will go a long way in the prevention of medical identity theft and business identity theft in addition to the garden variety type of personal identity theft. So, you will be best served to practice a comprehensive, high level, consumer privacy privacy living plan in all aspects of your life for the purpose of avoiding a privacy invasion of any kind.
How can one prevent identity theft through credit card privacy? That’s a relatively simple process, but you’ll have to be willing to lock up your credit files or “freeze” your credit bureau files to avoid identity theft. Once you call the credit bureaus and establish a freeze on your credit files, only those who do business with you will have access to your credit bureau reports. Everyone else will have to seek your permission to peek at your credit files.
Your identity theft prevention plan will be most effective when you stop using credit cards and debit cards for routine purchases as each provides a link to your personal or business credit line information or personal or business bank account(s). I suggest cash and money orders for routine purchases and bill payments.
For those who insist on the convenience of plastic, gift cards and prepaid debit cards that can be registered anonymously come in handy for online payments and for other bill paying purposes.
A Trust Bank Account can be an effective tool to avoid identity theft when the account is set up properly and used correctly. When a name is not associated with the trust checking account’s statements or debit card, the identity thief will have no clue who to target individually when an identity theft is planned.
There are other bank secrecy methods that can be used for both businesss and personal banking secrecy-even today. Look for my new book Privacy Crisis Banking for bank secrecy methods and privacy resources to establish bulletproof financial privacy in the U.S.A. and worldwide.