New Delhi, Oct. 17 -- What if you are doing everything right and still your credit score suffers. This could be the result of identify theft, as a result of which someone managed to raise loan in your name.

It is, therefore, important to be careful of your data and make sure you protect it from its illegitimate use. Here we share some tips to keep it safe from theft.

I. Monitor your credit regularly: At the outset, you should monitor your credit score regularly. If there is a discrepancy, you could spot it immediately.

II. Place a fraud alert or credit freeze: Another thing worth doing is to place a fraud alert. It's quite convenient to set up by contacting one credit information company.

III. Secure your personal information: It is i...