About 7 percent of Americans over the age of 16 are victims of identity theft every year. There is a strong possibility that, at some point, your identity will be stolen. While everyone hopes it will never happen to them, it’s always best to be prepared. Here are the essential steps to take if your identity is stolen.

Alert the Bank
Alert the company that is associated with the compromised information. Notify them of the situation and ask to freeze any affected accounts. Be sure to change all log in information and PIN numbers to ensure security.

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