Several years ago, my wallet was bursting with things I thought I was supposed to keep with me, just in case. If you’re like I was, you might be carrying around a treasure trove of confidential information and need to make changes to avoid identity theft.
Once a thief has your confidential data, there’s a slew of crimes they could commit. Withdrawing money from your bank accounts, making charges on your credit cards, getting a driver’s license in your name and renting an apartment in your name are just a few common crimes. Criminals have even been caught using stolen information to file fraudulent tax returns, make bogus medical insurance claims and assume a victim’s identity when arrested.
Fighting identity theft costs money and many frustrating hours reporting the theft, disputing fraudulent transactions, cleaning up credit reports and clearing your good name. Because the repercussions of identity theft are so serious, it’s critical to do everything in your power to avoid identity theft.
Laura covers eight items to remove from your wallet now for GoBankingRates.com. Click here to read more.
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