By Jason McDonald


Your identity is one of the most important things that you should protect. Without it, your sensitive information can get into the wrong hands, which can impact everything from your credit score to quality of life in general. Robert Jain, as well as other authorities on finance, can tell you that there are ways to keep your identity safe. With the following tips in mind, you'll be able to do exactly that, saving some money along the way.

When it comes to protecting your identity, being mindful of warning signs is a good place to begin. Fortunately, these aren't terribly difficult to pick up on. For example, in your mailbox, you may receive a bill that outlines a service you don't remember using. Nonetheless, your personal information seems to match up perfectly. This is just one of the potential signs that should encourage you to invest in identity protection.

Identity theft insurance goes a long way, too. According to authorities on finance, Bob Jain included, this type of insurance will be able to cover a number of expenses associated with identity theft. These include, but aren't limited to, criminal charges, legal fees, and lost credit. By investing in this insurance sooner, you will be able to receive more of a benefit if you ever find yourself in a situation that requires it.

It's also worth noting that, by safely shopping online, you can continue to protect your identity. Such retailers as Amazon and eBay are known for their secure platforms, which is why even those that aren't tech-savvy tend to rely on them. Any website that begins with the "https" tag allows for encrypted communication. This is especially useful for sites that rely on ecommerce, so look at the URL of a website you're planning to buy from before completing the transaction.

Finally, be skeptical of phone calls from individuals that you're unfamiliar with. One of the most common phone call scams are imposter scams, which are carried out by those pretending to be individuals they aren't. They might claim that they're working for the bank that you're a client of, or perhaps they're posing as a family member in need of money. Whatever the case may be, these are common identity theft tactics that you should be aware of.




About the Author:



Axact

Money Making

I am passionate about educating university students about money and careers, and have been doing so since 2007. I see the same confusion and mistakes being replicated every year. The way I help is through Save the Student. I'm always on the look out for new contributors, so get in touch if you're wanting to get involved! Aside from the site, my main interests are travelling, writing, photography, webdesign, sailing, football and cycling.

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