Destroying old financial documents such as bank statements, brokerage statements and bills is very important as identity thieves can use these documents harm you.
Online PR News – 19-July-2011 – – Destroying old financial documents such as bank statements, brokerage statements and bills is very important as identity thieves can use these documents harm you.
These documents contain vital information that a criminal will try to gain access to in order to steal a person's identity.
Says reporter Neysa Wilkins:
"All of your old bills and bank statements can be the keys any thief needs to steal your identity. Paper documents are the main source of material for identity theft crimes. It not only costs you money, but time.
The average victim spends about 300 hours trying to repair credit damage.
Karen Szulczewski of the Better Business Bureau says, I've heard of cases taking up to 55-hundred hours which is the equivalent of a full time job for several years.
Most people make it easy for the thieves, throwing important documents in the trash.
Szulczewski says "It sounds very unglamorous but dumpster diving is still a very easy way for people to steal your identity especially around the first of the month when everybody's paying their bills."
There's also a wealth of information sitting in your mail box.
People will drive through neighborhoods looking for the red flags sticking up so they can take information out of the mailboxes.. those pre-approved credit card offers and other things with sensitive information that are sitting in your mailbox while you're at work.
Financial ruin may not be the only consequence of identity theft.
You could wind-up with a criminal record, courtesy of the identity thief.
"If I have a criminal record, I may want to pretend to be somebody else If I get arrested again because the sentencing may be less I may be able to bond out and then I can skip town and the person whose identity I've stolen doesn't know it until all of the sudden there's a warrant out for their arrest for something they didn't do.
One of the best ways to prevent i-d theft is to reduce the thieves' opportunities."...
A shredder should be in every home and kept in close proximity to where mail is opened. This should make it very easy to develop a routine of consistently shredding old financial documents.
http://howsafeareyou.org outlines key action steps that a consumer must take to safeguard themselves from fraud protection. says founder Michael Roberts "shredding documents is very important and reduces a person's exposure to having their identity stolen. Thieves need access to your information and destroying old statements and bills is crucial.
To learn more about identity theft protection visit the following page of the site: