Virtually Identity Theft Proof In 60 Minutes Or Less (part 2 Of 2)

by - Date: 2007-06-09 - Word Count: 1047 Share This!

BASIC ID THEFT DEFENSE: The best proactive defense against basic identity theft is through the placing of an "Initial Fraud Alert" on all three of your credit reports. This "Initial Fraud Alert" accomplishes three important factors:
1.) Your name and personal information can no longer be sold by the credit bureaus to ANY third parties for any marketing purpose (i.e. credit card offers, loan solicitations or credit pre screenings).
2.) No one can be approved for credit with your personal information until the creditor personally calls you at the telephone number you list on your consumer credit report. And,
3.) Requesting this initial fraud alert entitles you to a free copy of all three of your credit reports (one copy from each of the three major credit reporting agencies). Please be advised that this is an "Initial Fraud Alert" which lasts only 90 days. To extend the fraud alert and obtain the above mentioned benefits for 7 years you will need to write to each credit bureau at the address provided within your initial fraud alert confirmation letter (Note: It is likely credit bureaus will make the extended alert harder to obtain as a great deal of their revenue comes from the third party rental and sale your information).

CREDIT HIJACKING DEFENSE: Most online merchants now utilize a security feature known as "Address Verification Service" or "AVS". AVS is a security feature for online merchants allowing them to only authorize credit card transactions for merchandise to be shipped to the same address which appears on the consumers credit card billing statement. If the address does not match that of the credit card billing statement the transaction will automatically be declined. In other words, if someone gets your credit card number, expirations date and CVV code (the three digit code on the back of the card) the only way a transaction can be authorized online is if the merchandise if shipped to the SAME address that your credit card billing statement is currently sent to. This is what makes credit hijacking so dangerous. When a criminal hijacks your credit they call up the banks (posing as you) and change your address on your credit cards with your personal information (i.e. last for of SSN and mothers maiden name) as if you were moving. They then proceed to order thousands of dollars in merchandise (online or over the phone) to be shipped to the "new" address. Because they changed "your address" on your credit cards they will bypass the AVS security from online merchants and the charges will be approved.

The only real defense against credit hijacking is to establish a personal security code with all your bank accounts and credit cards. This is a form of security which goes beyond your SSN, Zip Code, Date of Birth or Mothers Maiden Name to give you a whole new tier of personal security. This is a unique number or group of letters and numbers which you create and give to every credit card provider you have. For example. The number could be as simple as "JACOB2801" which is a combination of your best friend as child and the numerical address of the home you lived in growing up. By establishing this auxiliary passcode with all your credit card providers no one will be granted access to your accounts without it providing it to them. Since you are the only one who knows it and it is non public it is truly secure. I have yet to find a credit card company which will not allow you to create a such a passcode and added layer of security.


So now with the initial fraud alert established on your credit reports (and later extended) as well as the personal security code set up with all your bank and credit card accounts, you are virtually identity theft proof in under 60 minutes for free. Sure, someone can always "steal" your identity but the real joke will be on them. If they try to open a new credit account anywhere in the country the creditor is going to have to call YOU at the phone number listed on your report in before it can be approved and it's GAME OVER. If they try to hijack your credit by changing the address on your credit accounts they will be asked for not only the last four digits of your SSN and mother maiden name, but also your personal security code which they will NOT know and again it's, GAME OVER.

Please understand that this article deals only with the topic of "financial" identity theft which is by far the most prevalent today. However, you should be aware you also have the following "5 MAJOR" identities in computers across the nation which are your:
1.) Driving Records/History (DMV Databases).
2.) Medical Records/History (Medical Information Bureau Database).
3.) Social Security Records/History (SSA Database).
4.) Insurance Claims/History (C.L.U.E. Database).
5.) Criminal, Legal and Public Record databases from birth records and real estate deeds to corporations, trusts and court cases. Yes, we are in the information age but all information is stored in databases. I think we are now living in the database age.

10 Extra "Financial" Identity Protection Tips

1.) Keep a list of all credit card and bank account numbers with bank phone numbers so in case of loss or theft they can be notified immediately.

2.) Use only one credit card for personal expenses and one card for business expenses and monitor accounts online weekly.

3.) Always send or receive mail only through secure and locked mail boxes.

4.) Never give out any sensitive information (SSN, Acct #, Pin #, Password Etc) via an email solicitation. Always type in and visit the website directly.

5.) Limit the information on your checks to your first initial, last name and address (nothing more).

6.) On all credit cards instead of signing your name write "Check ID!".

7.) Never use a debit card or Visa/Master Check card as recovering fraudulently accessed funds from these accounts can be extremely difficult.

8.) Store all credit cards, bank statements and passports etc in a secure and locked place.

9.) Never give out your Social Security Number, Drivers License Number or Date Of Birth unless they have just cause and really need it.

10.) For details about establishing and initial fraud alert on your credit reports visit:,,

Related Tags: credit repair, identity theft, repair credit, credit bible, credit secrets bible, credit secrets, identity theft proof, fix poor credit

For more information on the "CREDIT SECRETS BIBLE" you may visit: The "CREDIT SECRETS BIBLE" has been in print since 1994 and is published by Consumer Publishing Group.

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