Title fraud is a serious risk for those that own property. Even if you recognize the fraud early, you still could end up losing a significant amount of money. While you should sign up for protection services to protect yourself, there are some things that you can do to limit the risk. Here are some things that you can do for your own title fraud protection.
Only Give Out Personal Information in Person
Those that steal your identity to commit title fraud do so by stealing your personal information. There are various ways in which this might be done. Whenever you input your information into a program, you risk that information being stolen. This can include giving out information over the phone, through the mail, or over the internet. Avoiding giving out information in these ways will ensure that the only person able to gain access to your personal information is the person you intend on giving it to.
Be Cautious When Giving Out Personal Information
Oftentimes, criminals will attempt to trick you into giving away personal information. They might offer you a deal that seems too good to be true or might claim that you’re in some kind of trouble. If this occurs, you should check to ensure the validity of the person asking for the information. Criminals will often ask for information over the phone while claiming to be a federal agency. These agencies, such as the IRS, only contact you through the mail, making this a red flag. You should be cautious whenever anyone asks for your personal information.
Guard Your Mail
An easy way that criminals can gain access to your personal information is by stealing your mail. By doing this, they can gain access to your name, address, phone number, and social security number. They can also use some of this mail to pretend to be you in person. You can avoid this problem by only depositing mail at your local post office and removing your mail as soon as it arrives. Another option is to secure your mailbox so that only you and the postal worker are able to enter it. This will ensure that none of your mail gets removed by an unscrupulous criminal.
If a criminal is able to gain access to your personal information, they might be able to change your assets into their name and borrow against them. The problem could cost you a lot of money before you recognize that it’s occurred. These are some title fraud protection tips to prevent this problem from occurring.