Even consumers with less than perfect credit could see their credit scores drop during the holidays if they find themselves victims of identity theft
What we know
Car buyers hoping to raise their credit scores with high risk car loans could see much of their hard work go to waste – especially over the holidays. The reason this might happen is their improving FICO scores could make them a larger target for identity thieves.
At Auto Credit Express we realize this is possible after spending more than twenty years helping consumers with bad credit find good car dealers that can offer them their best chances for approved car loans. It's also why we continue to offer advice on topics ranging from tote the note dealers to today's subject, identity theft.
Holiday identity theft
One of the quickest ways to hit a detour the highway to better credit is by having your identity stolen. And even though this is much less of a threat to consumers with bad credit, as a consumer's FICO scores improve it becomes increasingly possible that identity thieves could be making their credit profile look worse - even as they're trying to make it better.
With that in mind, here are some tips to follow this holiday season from the STOP.THINK.CONNECT campaign:
• Keep security software current. Having the latest security software, web browser, and operating system are the best defenses against viruses, malware, and other online threats. Smartphones, gaming systems, and other web-enabled devices also need protection from viruses and malware
• Ask for protection beyond passwords. Many account providers now offer additional ways for you verify who you are before you conduct business on that site. And, combine capital and lowercase letters with numbers and symbols to create a more secure password
• Only provide the minimal amount of information needed to complete a transaction. When providing personal information for any purchase or other reason, ensure that you know who is asking for the information, and why they need it
• When in doubt, throw it out. Links in email, tweets, posts, and online advertising are often the way cybercriminals compromise your computer. If it looks suspicious, even if you know the source, it's best to delete or, if appropriate, mark as junk email
• When banking and shopping, check to be sure the websites you visit are security enabled. Look for web addresses with "https://" or "shttp://", which means the site takes extra measures to help secure your information. "Http://" is not secure
• Research online retailers before a first time purchase from a merchant (or auction seller) new to you. Be wary of communications that implore you to act immediately, offers something that sounds too good to be true, or asks for personal information
And finally, be mindful of holiday shopping efforts to lure you. Cyber crooks will adjust to the holiday season, trying to get you to click through to deals that may appear too good to be true. They may also try to trick you by sending emails that something has gone wrong with an online purchase.
As we see it
Helping car buyers with credit problems reestablish their auto credit is our highest priority. It's also why we want them to avoid any road blocks on the highway to better credit.
One more thing: if you do have poor credit, Auto Credit Express specializes in helping these consumers find new car dealers for their best chance at car loan approvals.
So if you're serious about getting your car credit back on track, you can begin now by filling out our online car loans application.