You are here: Home - Saving & Banking -

Consumers urged to take action against fraud

Written by:

Identity fraud is a growing concern among consumers, but 33% continue to throw away unshredded bills, according to Direct Line.

New research from the insurer has shown 55% of UK consumers are more worried now than ever before about identity fraud. In order to combat this, 16% of people now plan to change their passwords on current and other accounts, while 12% intend to buy a shredder to dispose of personal documents.

Direct Line also revealed, however, that address-related fraud was the most commonly committed identity fraud offence in the UK during the first half of 2007, but 33% of consumers continued to throw away bills and other personal documents without shredding them over the last twelve months.

Andrew Lowe, head of home insurance at Direct Line, said: “Being a victim of identity fraud can severely damage your credit rating, potentially causing problems with debt collectors, court actions and in getting a mortgage or a job, so taking precautions to protect yourself should not be underestimated.”

Direct Line has advised consumers to safeguard against identity fraud by refusing to disclose details over the phone where possible, unless you can take the caller’s details and phone back to confirm their identity. Those moving homes should also subscribe to a redirection service and inform their bank and utility providers about their change of address, according to the insurer.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Broadband regulations fail to take hold

New rules introduced a year ago by Ofcom, the broadband regulator, have failed in their aim to make it easier...