Your credit rating forms the bedrock of your financial life. If you are the victim of identity theft, your credit rating – and quality of life – can be ruined.


Without a good credit rating, it is difficult to buy a house, open a bank account or even get a new job.   Therefore, protecting your personal information is of utmost importance.   Unfortunately, we live in a era where the unscrupulous can easily commandeer everything from your credit and bank accounts to your actual identity.  Millions of Americans fell victim to identity theft last year  and paid a heavy price in terms of  time, money and aggravation.

It is estimated that the average identity theft victim spends nearly $1400 and 175 hours cleaning up his or her credit report.   While it is difficult to protect yourself completely, there are a number of things you can do minimize the damage, both before and after you find your personal information has been compromised.

For 5 tips to minimize the damage of identity theft, click here.

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