NEW YORK ( LowCards.com) -- Recent security breaches at Target, Neiman Marcus, Skype and Snapchat show identity theft has become a major problem in our society.
Personal information, email, credit cards and bank accounts are unfortunately not as private and protected as we think. It is important for consumers to recognize suspicious activity and take steps to protect themselves.
Here are the top 10 signs you need to look out for to spot identity theft:
1. Unauthorized credit or debit card purchases
Fraudulent debit or credit card purchases are a clear indication of identity theft. You need to carefully review each transaction that appears on your statement. If you notice something on your account that you do not remember buying, you need to contact the card company immediately.
2. Unexpected credit approvals
Have you ever been approved for a loan or a credit card you never applied for? That may be a sign of identity theft. You have to be careful about jumping to that conclusion, though, since some businesses send out mass mailings of what appear to be approvals of a loan.
3. Instant credit decline
This one applies to people who normally have good credit and stay up to date with their credit card payments. If you try to apply for a loan and get instantly declined, it may be because there are issues with your credit you don't know about. The same is true if you try to use your card and it gets rejected at the register. If you know you should have credit and you don't, you need to investigate.