Maintain your old Siemens Hipath system

Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud

ID theft is a major consumer concern, though there is apparently much confusion about proactive protection initiatives and apparently safe and unsafe spending behaviour. For example, many consumers remain reluctant about shopping online, but they may still give out personal details over the phone in a cold call, or they may have redundant or dormant accounts and financial products which are susceptible to fraud.

If reducing fraud vulnerability wasn't sufficiently difficult already, consumers are now being offered anti-ID theft services and ID protection insurance by banks, insurance companies and credit reference agencies. There is considerable debate around such policies however, as they do not offer full financial compensation. In The Observer last week, Richard Brown, Chief Executive of consumer finance site moneynet ( ) stated that:

"Few, if any, of them appear to offer insurance protection against actual financial loss in the event that a credit company, for example, refuses to cover the loss ? and this is what consumers really need. While ID protection services may have a degree of value, they shouldn't be used as a reason to take an otherwise uncompetitive product."

Brown continued that consumers could actually take out simple, cost effective measures against ID theft such as buying a shredder and checking credit reports regularly. The National Consumer Council ( ) takes a similar approach, advising consumers to avoid becoming a victim of credit card and identity fraud by:

* Not giving personal information away too easily

* When passing details over the phone, do ensure it's to a legitimate business. Ask friends and family for recommendations

* Shred all documents with sensitive personal data

* Choose your bank security details carefully and avoid obvious passwords

* Avoid carrying around details of your address with your credit cards

* Close any accounts you no longer need

* Check your credit file at the credit reference agencies on an annual basis

Callcredit states warning signs of identity theft and identity fraud could include:

* Bank or credit card statements start disappearing or fail to appear in the first place

* Some of your mail goes missing

* Items on your credit card bill which you did not purchase

* A debt collection agency contacts you about goods you did not order or even an account you did not open

* You receive phone calls for accounts you know nothing about

* Royal Mail writes to your address about a mail redirection order you did not request

However, by just incorporating some of the measures above and keeping a regular check on your finances (e.g. don't activate that second credit card and then put in a box for a year!), a great deal of financial protection is already set in place and you don't have to pay a penny.

Examples of standard protection within English law encompass:

* Protection from forged signatures on cheques

* Protection from forged signatures in documents which enforce an action (the prosecution has to prove that you made the signature, rather than you prove that you didn't)

If your credit card is stolen (or lost), you should be fully protected providing you report the missing credit card within 24 hours of the loss or theft.

If you have never had your credit record checked why not give it a go?

* Callcredit offers a service from starting from £7.50

* Experian offers a service from with a membership fee of £49.99

* Equifax provides a credit report for £9.95 from

About Rachel:

Rachel writes for the personal finance blog Cashzilla:

Rachel lives in a straw hut in the mountains in Scotland with three wolves and a squirrel.

Contact information:


Tel: 0131 561 2251

In The News:

'Ghastly' Venice bus crash leaves unanswered questions as tourist city mourns 'unbearable tragedy'
Wed, 04 Oct 2023 19:21:00 +0100
We are standing on the side of a flyover, looking over the edge, and it is a fearful sight.

US hands Ukraine more than a million rounds of ammunition it seized from Iranian ship
Wed, 04 Oct 2023 20:08:00 +0100
The United States has sent over a million rounds of ammunition it seized from an Iranian ship last December to Ukraine.

Teen girl 'in coma' after 'attack by Iranian police for not wearing hijab'
Wed, 04 Oct 2023 19:01:00 +0100
A teenage girl is in a coma after she was "physically attacked" by Iranian authorities for not wearing a hijab, according to a human rights group.

FIFA considering lifting blanket ban on Russia competing in international football
Wed, 04 Oct 2023 11:10:00 +0100
FIFA is looking at ending Russia's blanket ban from international football, Sky News understands.

Warming world nearing 'point of no return', says Pope Francis
Wed, 04 Oct 2023 12:05:00 +0100
Pope Francis has appealed to world leaders to address climate change before it's too late, warning the planet is nearing a "point of no return".

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Simple Ways to Save Money

Things are so expensive these days. We seem to be... Read More

Eight Ways To Sink Yourself Financially

1. Don't focus on your finances.The reason most people get... Read More

Budgeting Your Way to Financial Freedom

Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More

How To Protect Yourself Against Identity Theft

Identity theft is a serious crime that continues to grow.... Read More

How to Save Money in a Grocery Store

Now there are ways to save money in the grocery... Read More

Is There A Retirement Crisis?

When people speak about the increasing age expectancies, they generally... Read More

Saving Money On Gasoline For Your Automobile

The gas that we fill our tanks with every week... Read More

Personal Finance ? Why You Should Compare, not Despair

Sorting out your personal finances can be a tricky and... Read More

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so... Read More

Improving Your Financial Position

If you want money you need to learn how to... Read More

Expenses A ? What Are They And What Can We Do About Them

It is crucial as an individual who is striving for... Read More

Personal Loans For Homeowners ? One Of The Numerous Rewards For Being A Homeowner

You no longer look at the pictures of homes cause... Read More

Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud

ID theft is a major consumer concern, though there is... Read More

How to Attain Your Dreams on a Single Income

If you recently became a single parent and see your... Read More

Portfolio Planning can Lead to Irreconcilable Differences

The judge had to ask the question, and we had... Read More

Avoiding A Nightmare On Renovation Street

You've decided you want a bigger, better and more desirable... Read More

Make or Break Your Retirement!

The Prudential has dubbed those who refuse to leave home... Read More

Students Investing in Their Future Need to Manage Their Finances Today

With the A-level results coming out, the long wait for... Read More

Tips To Save Money At The Supermarket

Are you interested in saving money off your grocery bills?... Read More

Save Money on Groceries: Part I

One universal of humanity, no matter who you are or... Read More

Grocery Savings - Your Kitchen is a Goldmine!

Your food budget is the most flexible area of your... Read More

10 Quick And Cheap Ways To Cut Your Heating Bill

When you received an energy (heating) bill last winter, were... Read More

Financing Collectibles for Fun and Profit

With the advent of the internet and especially auction services... Read More

Personal Finance - Have Consumers Had a Belly Full of Personal Debt?

For months, we were trigger-swipe happy, putting our groceries, clothes,... Read More

Stretching Your Grocery Dollars

Shopping for groceries is an inevitable fact of our ever... Read More