Tips to Prevent Identity Theft

You’ve probably heard a lot of tips on credit and insurance fraud in the past, but are you paying attention to the risk of identity fraud? When someone’s identity is stolen, it’s usually for the purposes of using your finances, which can have a damaging (and sometimes permanent) affect on your credit. According to the Canadian Anti-Fraud Centre, last year they received more than 19,000 identity theft reports, which totaled $11.1 million in losses. Every time a credit product is applied for on your behalf, or your credit score is requested, your credit rating is affected negatively. Most identity theft cases involve high amounts of…