The FTC offers some advice that even consumers with poor credit should follow to help keep their personal information secure while paying off a car loan
What we know about identity theft
Even as consumers with problem credit rebuild their credit with an auto loan there’s an increasing chance that their personal information could be hijacked.
Here at Auto Credit Express we know this is true because we’ve spent the past twenty years helping consumers with poor credit find those dealers that can give them their best opportunities for repairing their credit with approved car loans from lenders that report to the credit bureaus.
Reducing the risks of identity theft
We’re also well aware of the fact that protecting the identity of these applicants is especially important. For one thing, our credit application is SSL encrypted. But what can these people do, as individuals, to ensure that their personal information is secure?
According to the Federal Trade Commission (FTC), there are actually a number of steps that can be taken to minimize the risk of having someone steal their identity:
1. Protect your social security number – Don’t carry your social security card with you. If a health insurer or your state driver’s license bureau uses your SSN for an identifier, request that they use another number. While your social security number is needed for tax and credit check purposes by employers and businesses, if your are asked to furnish it for any other reason, ask why and how it will be used, how they will protect your information and what will happen if you don’t give it to them.
2. Be careful with your trash and mail – shred any credit-related documents, including offers of credit from credit card companies. Deposit mail containing sensitive information directly in collection boxes or at the post office. When going on vacation, have the post office hold your mail.
3. Be cautious when using the internet – use only trusted sites and never submit your personal information over a non-encrypted connection.
4. Use strong passwords – use a combination of letters (upper and lower case) and numbers as well as symbols. Never use your name, birth date or a portion of your SSN or consecutive letter/number combinations.
5. Verify sources – never give information over the phone, through the mail or over the internet without first knowing exactly who you are dealing with.
6. Safeguard your purse and wallet – only carry the information that you need and the credit cards that you need.
7. Keep all your personal information in a safe place – In addition, ask those business that have access to your information how it will be handled, stored and the methods of disposal once it’s no longer needed.
As we see it
You can never be too careful when it comes to protecting your personal information. To begin with, you should be extremely cautious about what information you share and whom you share it with.
One more thing: if you’ve experienced credit issues in the past we want you to know that at Auto Credit Express our specialty is helping our applicants find those car dealers that can give them their best opportunities for car loan approvals.
So if you’re ready to reestablish your car credit, you can begin now by filling out our online car loans application.