Identity theft happens when someone uses your personal information in order to engage in financial transactions. This is usually done online. Virtual transactions are increasingly common and this means that obtaining credit, including car title loans online, is a lot more risky.
When you apply for car title loans online, you will notice just how easy it is to put in an application and how quickly you will get your money. All you need to do is enter your personal details and those of your vehicle, and you will receive your money in around 24 hours. Lenders generally do not look at your credit rating.
The majority of title lenders now allow you to apply online and do not need to see you in person at all anymore. You simply complete a range of important personal information, which includes your social security number, address and date of birth, bank account number and more. These are all the details needed for identity theft as well. This does not mean that you have to stop using the internet and conducting any transactions. Rather, it is about learning how to protect yourself.
How to Keep Your Personal Information Secure
If you do want to apply for title loan online, you first have to make sure that the website is fully secure. They will have security and privacy policies in place so that you can see how your information is protected from identity theft. Lenders want to make sure you have no issues with your application, and they want to make things as easy as possible for you, so they should offer excellent security as well to attract customers.
If you cannot find security information, then simply contact the company directly. It does not mean that you shouldnâ€™t use them, but rather that you should not use their online form. Generally speaking, you can always apply over the telephone as well, so this would be a better option.
You also need to make sure your own computer is free from malware, spyware, keyloggers and more. No matter how secure a website is, if your own PC is compromised, malicious people will still be able to get your information. Hence, make sure you have a good virus scanner with anti-spyware technology and install your firewall as well.
Additionally, if you have to send copies of any files, such as your driverâ€™s license or passport, make sure that the file is fully encrypted. You need to use a password that is at least 8 characters long, using a mixture of numbers, letters and symbols.
Finally, before you apply for a title loan, you should obtain a copy of your credit report. This should demonstrate what your current status is. After you have applied for the loan, you should request another copy. In doing so, you will know that the only new marking on there is your title loan, and that no further actions have been taken by others.