credit credit report credit reporting

Identity Theft – Are You Safe From Identity Theft?

Are you a victim of identity theft? Identity theft is the crime of causing damage to your personal or business records. In order to identify potential victims of identity theft, you should investigate these questions and resolve your complaints:

What is the name of the person or entity the theft of your business records is related to?
What legal institutions or government authorities are listed in your business’ social security disclosure?
How long has the damage been done? Are there any legal protections offered?
What is the nature of the harm involved in the transaction?
What is the fraud involved?
Why is it important to report the loss?
What steps are being taken?
How long will it take to complete the report?

What steps will be taken if you are the victim of identity theft?

Did you know you are at risk for identity theft before you filed your complaints? Before reporting false or suspicious transactions, you must make a formal report immediately to a law-enforcement agency, such as the FBI, and the U.S. Attorney’s office in Los Angeles. You must also provide all the personal information you provided about the person or entity you have reported. You can require a copy of your birth, employer, SSN number, address and phone number.

Your legal rights and obligations

Under the Fair Credit Reporting Act (FCRA), you have the right to receive updates on the accuracy of your credit reports. You have the right to dispute any inaccuracies when you are asked to sign a contract or to produce documents. To dispute inaccurate information or to provide false information, you must show that the information in your report is accurate and complete.

If you have filed a complaint about a financial service provider (such as a bank or credit union that guarantees credit over time) and you believe the debt is linked to your employment or with a breach of a contract, you can bring a class action suit, which typically costs the consumer between $25 and $ 100.00 (FTC:TCA:1990:FDA:2004:2004:2006:2007). Your class action attorney can bring a maximum fee of $5,000 plus $100.00 per day and 15% interest on the unpaid amount.

If you are denied Social Security, a number of housing assistance, job training, or insurance, you may be able to recover some or all of the money you spent on these services. For example, certain debt consolidation loans may settle the debt first and set aside a portion of monthly payments for homeowners with down payment amounts under 100% of their income.

If you are denied health insurance, a recent policy change may wipe out your benefits and lessen your damages. With a new policy you can now claim your entire balance or all benefits.

If you follow the law strictly and follow your obligations, you can recover 100% or 50% of the price of the item you purchased. If your claim is not paid in full and the policy is sold, all claims and judgments against you are calculated, as well.

To learn more about your rights and remedies, click here

Copyright – Jeanette J.

Identity Theft Could Mean Credit Scam

Almost every consumer knows what an identity theft can do. If you are in an uneasy situation like that, you may want to speak with some wisdom to help you avoid the worst types of credit scams.

First of all, there are literally millions of people in the world that are completely unaware of how to protect themselves from identity theft and identity damage. For the vast majority of people, the only thing that has ever bothered to do anything suspicious on their credit was to file a report on the credit reporting company and then file an application for a post that would give them access to all the credit information on the person’s credit file.

That is it, except for the banks that were having problems with you. Now that you know how to deal with credit reporting scams, how do you feel about that? Is there anything you need to know about reporting credit, how can you truly fight it?

Identity fraud is a serious crime that requires severe investigation and punishment. In today’s financial world, people have finally figured out how to protect themselves in times of concern, and fraud is on the rise. This article will look at ways that you can take steps to increase the chances of you being caught; especially those of a bad credit reputation. Whether you are in financial distress right now, or just a little bored trying to rebuild your life from scratch, you should know that you do NOT want to lose your good credit reputation. You want to stay true to your financial means, to protecting yourself against the harm of a credit identity scam.