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Monitoring Your Credit to Prevent Identity Theft

August 26th, 2009

Monitoring Your CreditImagine the feeling: You’ve worked tirelessly to save up for an entire year to replace the old clunker with a shiny new car. Now you’re finally ready to buy. You haven’t been monitoring your credit, so before heading to the dealership, you pull your credit report to learn your credit score and get a sense of the type of loan for which you’ll qualify.

But your report reveals a bombshell. Several credit card accounts have been falsely opened in your name. Someone has charged thousands of dollars in purchases!