ID Theft Protection for Homebuyers

Buying a home for the first time can be a stressful process, so it’s no wonder that ID theft protection would not be at the forefront of a buyer’s thoughts. However, the experts at the Equifax Finance Blog believe that everyone should know and understand how personal information is obtained and used because this information is used in evaluating important purchases like your home mortgage, and may even affect someone applying for a new job.

In the article, “6 Ways To Prevent Identity Theft,” the finance specialists at the Equifax Finance Blog state that one important identity theft solution consumers should understand concerns their personal information.

In the United States your personal information is the key to getting the things you desire, such as a credit card, auto loan, mortgage, life insurance, etc. However, it is very important to learn when you should not share your personal information as well. Be a smart consumer and consider the pros and cons of signing up for a customer loyalty card the next time a cashier asks. Ask yourself if you are really getting anything out of giving away your personal information; if yes, then perhaps creating a separate email address for shopping cards is an alternative to consider. This could limit the spam in your main email’s inbox, and it can help to protect your personal information in at least a small way.

Another great tip from this Equifax article concern tracking your personal information. Credit monitoring systems allow consumers to receive notifications if anyone uses your name to sign-up for various types of accounts. This is a great way to protect yourself from identity theft.

For more identity theft protection information please take a look the Equifax Finance Blog today and be sure to check out the helpful blog posts on other finance topics.