Identity theft is when someone uses your personal information (name, social security number, credit card number) without your knowledge, to commit fraud or theft.

The Federal Trade Commission found that there has been a rapid increase of identity theft complaints in the last several years, estimating that as many as 9 million Americans have their identities stolen each year. According to the Identity Theft Resource Center, the normal victim spends approximately 550-700 hours clearing his or her credit record.

So what can you do to reduce your chances of becoming a victim?

• Check your credit score every year to verify all the information is correct. A missing credit card bill could mean a thief has taken over the account and changed the billing address to cover their tracks.
• Shred all old financial documents (bank statements, credit card bills, etc).
• Do not carry your Social Security card with you; store it in a safety deposit box.
• Avoid using an unlocked mailbox for outgoing mail.
• Do not print your Social Security number or Driver’s license number on any personal checks.
• Ask your insurance agent about an identity theft endorsement that provides protection in case your identity is stolen.