Tips On How To Avoid Identity Theft

Credit Counselling Services of Atlantic Canada is shining a light on identity fraud and its impact on seniors.

It comes as New Brunswick and Prince Edward Island, among other provinces, recognize June as Seniors Month.

President and CEO John Eisner said it is unfortunately too easy for seniors to fall victim to identity theft.

“The seniors are vulnerable and the scammers know that’s an easy target group because that group are very trusting,” Eisner said in an interview.

Eisner said most people do not realize how easily criminals and get their personal info or how serious the repercussions can be.

He said an identity thief can ruin your credit rating without you even knowing it by taking over your finances, opening new bank accounts, transferring bank balances, and applying for loans or credit cards.

“The world is turning virtually so if they have all of the correct information, they certainly can do serious, serious damage to you and your finances,” said Eisner.

There are a number of things seniors can to avoid identity theft, he said:

• Sign all credit cards in permanent ink as soon as you receive them.
• Keep your cards in view at all times when making a purchase.
• Never leave receipts at bank machines or at unattended gas pumps.
• Never provide personal info such as SIN, date of birth, credit card numbers or PINs over the phone unless you initiate the call.
• Destroy pre-approved credit card applications, credit card receipts, insurance forms, physician statements, bills, and related information, when no longer needed.
• Always be aware of your surroundings to make sure no one is watching you input your PIN.
• Avoid using information like your mother’s maiden name, birth dates, last four digits of your SIN, or home phone number for your passwords.
• Keep a list of all your credit accounts and bank accounts in a secure place.

Eisner said there are a number of indicators that your identity is being used by someone other than you.

“Perhaps a creditor calls you and says an application was received in your name. Credit card statements or bills coming to you that you had no idea,” he said.

Eisner said consumers should also request a free copy of their credit bureau report every six to 12 months to see if anything is amiss.

If you think your identity has been stolen, Eisner recommends contacting your financial institutions and the police.