You see ads for these credit monitoring services everywhere–on television, online, in magazines. There’s the one with the commercials featuring the slacker dude who would be so much better off if he’d gone to the “free” website and signed up for the paid service. There’s the one with the overly-emotional woman whose kids were apparently [...]
identity theft
FTC takes on freecreditreport.com for misleading consumers about paid services.
The American Bar Association has filed a lawsuit in the District Court in the District of Columbia seeking declaratory judgment against the Federal Trade Commission applying the new “Red Flag Rule” to attorneys. “Red Flag Rules” are supposed to protect consumers against identity theft by ensuring procedures are put in place by creditors to “flag” illegal activity.
Credit freezes are one of the most effective tools against ID theft available to consumers. A credit freeze allows you to seal your credit report and it can only be thawed if you use a PIN (personal identification number) that only you know so that a legitimate application for credit and/or services can be processed. It is an [...]
Part 7 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 12: Two Magic Words x 3. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, [...]
“Its easier to steal $1 from a million people than $1,000,000 from one person.” So says Edgar Dworsky, a former staff counsel in the Massachusetts Attorney General’s office about a new credit card scam that has been spreading throughout the country. Here’s how it works: fraudsters obtain credit card numbers but instead of running up [...]
