Identity theft can wreak havoc with your credit score and cause long-term negative effects to your finances. People with a household income greater than $150,000 have higher rates of fraud. Consumers in the age group 25 to 35 have a fraud rate of 5.38%, which is the highest of any age group.

In 2005, nearly nine million Americans became the victim of identity theft. Here are some important things you can do to prevent identity theft.

1. Secure your mail. Ideally, your mailbox should be locked. Make sure the only people that have access to you mail is your mail carrier and you. If this isn't possible, then don't leave outgoing mail in your box, and be sure to collect your mail in a timely manner.

2. Shred any mail or documentation that contains your name, address, social security number, or any personal information that someone could use to steal your identity.

3. Check all of your bank and credit accounts at least once a week to make sure you recognize all transactions.

4. Check your FICO score and credit reports at least once a year.

5. Don't give personal information via internet or phone if someone contacts you and asks for it. If you are the one doing the calling and are sure of who you are talking to, it should be okay, but never give out personal information based on a phone or email request.