Of all demographics, students indicated the least amount of concern about fraud happening. Yet, this group is more likely than any other group to experience significant effects due to fraud. Students are also the least likely to detect identity fraud themselves. Instead, a debt collector or lender has to break the news.
Identity Theft is the fastest growing crime in America. Identity theft occurs when someone uses your personal information, such as name, social security number, or date of birth to make purchases, withdraw cash, set up accounts and services, and secure loans in your name without your approval.
Thieves can obtain personal information from many sources, such as lost or stolen credit cards, social security card, checkbook, or health insurance card.
As a college student, you’re going to have many offers and promotions coming at you. If it sounds too good to be true— it probably is. And if you need help determining whether something’s legit, show it to your adviser or another trusted person before accepting anything.
You can prevent identity fraud from happening to you by knowing what to look out for and being careful with your money and personal information. Here are some tips to get you started:
You must act fast! thieves usually act within the first 48 hours of having your credit card or financial information.