The best way to quickly detect identity theft is to check your credit report on a yearly basis or whenever you think there may be a problem. If you have been denied credit you may obtain your report free within 30 days of the denial. You also can take some extra precautions. For instance, be wary when giving out personal information. Make sure you understand why the entity asking for it needs this information and for what purpose it will be used.
Some entities have a right to personal information, such as a prospective landlord or lender.
Others might only want to use the information for marketing purposes. It is your choice whether to give out personal information to those not entitled to it. Do not feel pressured to do so, even if it means not doing business with that entity. Pay attention to billing cycles. Often, identity thieves steal important financial information such as credit card statements, credit card applications or bank statements from your mailbox.