Have you left yourself open to identity theft when moving home?

Wed, 02 Nov 2005

Identity theft is one of the fastest growing crimes in the UK. When moving house, we render ourselves vulnerable to so-called ‘intelligent’ criminals who can use our personal information to access our finances. A startling percentage of identity thefts occur from previous addresses. So, what are the most likely loopholes that could be exploited, and how can we minimise our individual risks?

Firstly, simple common sense should be employed when dealing with personal documents, particularly those relating to our finances. Although it is horrible to imagine someone carefully investigating our rubbish for useable information, it does happen. It is far better to buy a shredder, and destroy anything dispensable.

When moving house, it is essential to set up a Post Office Redirection Service as soon as you move. That way, incoming personal documents that could betray valuable information will not fall into the wrong hands. This service can be extended to operate for up to two years.

Making certain that all banks, financial institutions and particularly credit card companies are informed of your change of address is imperative. Keep a close eye on whether you receive your statements, and if they do arrive as redirected mail, instantly make the institution aware of your new address.

When you do receive your bank statements, check them thoroughly for any unusual direct debits or payments. Furthermore, obtaining your credit report every six months will let you know if any false credit applications in your name have been attempted. This simple, inexpensive service guarantees peace of mind.

By following these basic precautions, the likelihood of becoming a victim of identity theft when you change your address will be significantly decreased.
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