Thrifty Thinking: Identity Theft

Identity theft is a very real problem. It's not so commonplace that you need to be paranoid about it, but it's common enough that it's prudent to take some steps to prevent it and learn what to do in case you're a victim.

GreenPath Debt Solutions has these tips to share:

- Before you leave your house, take out the credit cards that you know you will not be using. This will also cut down on temptation of shopping beyond your set gift list for the day.
- It’s also a good idea to copy the front and back information on your card, so you have contact information quickly in case your card is stolen.
- Do not carry your social security card with you. That number is vital in opening new credit accounts.
- Watch where you leave your card when you shop. “Don’t leave it on the counter with people around,” said Guzek. “A simple click of a camera phone or good memory can capture your name, card number and expiration date." A thief can then use that number instantly to buy goods online.
- Keep your receipts in your purse or wallet, not in the bag. This will make it easier to track your merchandise spending and help you to stay within your budget.
- If your merchandise bag is stolen, quickly go back to the store to report your robbery. The thief might have a harder time returning the merchandise without a receipt & perhaps a quick thinking salesperson may be able to identify them.

If you become a victim of identity theft:
- You need to contact the three credit bureaus and tell them that you have been a victim of identity theft.
Equifax fraud division - 800-525-6285
Experian fraud division - 888-397-3742
Trans Union fraud division - 800-680-7289
- You need to contact your creditors directly and ask to speak to someone in the security department. Freeze the existing account.
- Contact local law enforcement and get a police report. This will serve as documentation that a crime has occurred.

“It can take anywhere from 20 hours to 600 hours to clear your name when you have been a victim of identity theft,” said Barrick. “By taking some preventive measures, you can ensure a smooth shopping experience on Black Friday and throughout the holiday season.”

GreenPath Debt Solutions is a nationwide, non-profit financial organization that assists consumers with credit card debt, housing debt and bankruptcy concerns. Our customized services and attainable solutions have been helping people achieve their financial goals since 1961. Headquartered in Farmington Hills, Michigan, GreenPath operates full-time branch offices in Michigan, New York, New Hampshire, Colorado, Florida, Texas, Vermont, Illinois, Indiana, Wisconsin, Arizona and Wyoming. They also deliver licensed services throughout the United States over the Internet and telephone. GreenPath is a member of the National Foundation for Credit Counseling (NFCC). The professional counselors are certified by the NFCC, and they are accredited by the Council on Accreditation (COA).