I Recovered Financially From Identity Theft: 5 Steps I Now Take To Protect My Money
Written by
Cynthia Measom
Edited by
Amber Barkley
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
When Marissa was a single woman in her 40s, she was going through some medical challenges that required several surgeries and treatments.
“Between procedures, consultations and follow-ups, I found myself writing checks more often, mainly to hospital billing departments, specialist offices and pharmacies,” she explained. “I had trusted that my financial transactions were secure and stayed focused on my recovery, wanting to get back to a normal life.”
Little did she know that she was about to experience a new challenge: a stolen identity.
How the Identity Theft Happened
Marissa said that she was glancing through her bank statements — something she had been putting off for a couple of months — and noticed a check that didn’t look familiar. It was written at a retail store in a state she had never even visited.
“I had so many medical payments going out, and my mind was often scattered with everything going on, but this stood out like a red flag, because I had only written checks connected to my medical expenses,” Marissa said. “I panicked and began combing through my statements, checking every line, every check and every payment. I found out checks in my name were being written all over the country — some at retail stores, others at restaurants, even a few at high-end boutiques.”
That’s when she realized her worst fears: her identity had been stolen.
“I immediately contacted my bank, and they confirmed it,” Marissa said. “Someone had somehow gained access to my checking account and was forging checks they had created in my name with my account number. I thought I had always been cautious and careful with my information, but it hadn’t been enough.”
After reporting the theft to the authorities and closing her compromised accounts, Marissa began to piece together what might have happened. She concluded it had to be from the checks she had written in connection with her medical bills.
Later, the person responsible was arrested by authorities, and it was determined it was an employee of the hospital billing department where Marissa had received treatment.
How Marissa Protects Her Money Now
After her identity was stolen, here are the steps Marissa has taken to help protect her money.
Online Payments Only
Marissa said that she now avoids writing checks altogether.
Thanks!
“Instead, I use secure online payment portals for my bills, which offer encryption and other protections that checks simply do not,” she explained.
Credit Monitoring
Another step Marissa took was to sign up for credit monitoring services that alert her to any suspicious activity on her accounts.
“If anyone tries to open a new account in my name or make large purchases, I get notified immediately,” she said.
Fraud Alerts and Freezes
Marissa also placed fraud alerts on her credit files.
“I’ve even gone as far as freezing my credit,” she said. “This means that no one can open a new credit account without my explicit permission.”
Personal Information Security
“I’m far more vigilant about where and how I share my personal information,” she said. “Whether it’s over the phone, online or in person, I question why my information is needed and how it will be protected.”
Regular Financial Checkups
Marissa also regularly reviews her finances.
“This includes checking my credit reports for any discrepancies and reviewing my bank activity and statements as they are available,” she explained.
Be Proactive: Protect Yourself From Identity Theft
“Living through identity theft was one of the most unsettling experiences of my life,” said Marissa. “It was a harsh reminder that we live in an age where personal information can be exploited in ways we might not even imagine. The steps I’ve taken since may not undo the past, but they’ve helped me regain a sense of control and security.
“If I could offer one piece of advice to others, it would be to take steps now to protect yourself before you become a victim. Identity theft can happen to anyone, and once it does, resolving it takes a lot of time and effort.”
More From GOBankingRates
