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Where's your paycheck stub from last week? Do you remember where you put it? If you're like many people, you have no idea where it is. Every month in the United States over a half-million paychecks are misplaced or stolen, and a lot more paycheck stubs are. Most of the time it never amounts to much. The paycheck stub was left in a pocket or accidentally thrown away with the junk mail. Be careful though: if a hacker has stolen your paycheck stub you can be in for all kinds of trouble later on.
Identity thieves invest their time and money searching for all the information they are able to find about people so that they may act like they are them and then get all of their cash. Sometimes as an alternative to taking their money they open up credit cards in the person's name and shop for lots of really expensive products online. Sometimes they get all they need using computers, such as when hackers break into a web-based store and take all of their shopper details. At other times, however, identity thieves need tangible stuff from you in order to impersonate you, like Visa or MasterCard slips, bank documents, or, yep, even paycheck stubs. For many people, a stolen paycheck stub is most likely the only sign they will ever get that their identity is about to be stolen. If they are fortunate, their bank will telephone and inquire about a fresh account they've started, or a large transaction that wants to go through. Many people are not that fortunate.
If your paycheck stub is gone and you believe something is amiss, or you just are concerned that somebody could use your paycheck stub against you, here's what you do.
To begin with, in case your paycheck stub happens to be stolen there's no need to make contact with the police except in cases where you are really sure that some significant wrongdoing is afoot. Simply taking a random sheet of paper, even if it's an important piece of paper, without intent to do other things, most of the time isn't a lot more than petty theft.
You need to call your financial institution, however. For people who have direct deposit it is possible that your paycheck stub has enough info on it for thieves to make an effort to assume control of your account. Then they can start withdrawing your money.
Additionally, you will need to call Human Resources where you work. Not only could somebody pretend they were you in order to access bank accounts and gain credit, they might also impersonate you by getting in touch with HR and applying for other things, such as having a check sent to them made up of all of your retirement funds.
You will need to put a fraud alert on your credit cards. Get in touch with the card companies and request to speak to the fraud section. They can start searching for shady expenditures. Not only should you ask them to start checking, but you must also pay attention to all of your monetary account activities from everywhere. Watch out for shady withdrawals and deposits. Very often criminals will run a test transaction on an account for a little amount to make sure their information and facts are good before they attempt the significant charges. In the event you catch them quickly, you can shut the account down before it is cleaned out.
Finally there are identity protection services you can use to be certain you don't lose your money and good credit score. If this sounds like something you might be thinking about, act now. It's safer to take action now than wait until it's too late.
It's certainly possible (and more than likely) that your particular lost or swiped paycheck stub boils down to nothing at all, but even so, you should be aware of the danger involved with identity theft and consider whether or not you need to take the measures above to make sure you are protected. Knowledge is power.