identity theft Tag

03 Nov FTC Takes On FreeCreditReport.com

The FTC has taken on the folks behind freecreditreport.com, (notice I'm not linking) and those catchy, incredibly misleading commercials. You know, the slacker dude in the old car, nowhere job, or basement apartment who would be on the road to riches if only he'd checked his credit report. I know the commercials are misleading--for example, marrying someone with bad credit does NOT trash your credit--but the FTC is more concerned with the misleading nature of the web site and the service they are selling. That's right, selling, not giving away--not free at all, as a matter of fact.
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30 Aug What is a credit freeze?

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 added layer of security to prevent thieves from establishing new credit in your name. Recently the three major credit bureaus (Equifax, Experian, and TransUnion) adopted rules that allow a consumer to place a credit freeze on their account for a small fee.  However, if you have been a victim of identity theft, the credit freeze service is free.   In most states the cost ranges from $3.00 to $10.00 per person.  If you want to thaw your credit report for one creditor to get your report or for a specific amount of time - say when you are car shopping- the fee ranges from $0 to $10.00 You can also put a credit freeze on your children's account.
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05 Apr Debt Cures: Does Kevin Trudeau Make Money or Sense? Part 7: Correction of Errors

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, makes any sense in this latest self-help promotion or is he making money selling empty promises. Trudeau speaks about the hassles faced by some consumers when trying to correct errors on their credit report. He discusses three sets of words to use when dealing with the credit reporting agencies: discharged debt, identity theft, and limitations statute.
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15 Mar Fraud Alert – 25 Cent Charges on Your Credit Card Statement

"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 hundreds or thousands of dollars of fraudulent charges, they post a charge of 21 or 25 cents from a company called Adele Services of Melville, New York (there is no such entity). The scam works because many people are likely to overlook or ignore the fraudulent charge.  Even fewer take the time to file a formal complaint with their credit card issuer or file a complaint with the Federal Trade Commission. Folks who are behind on payments may be even less likely to rock the boat with their credit card issuer - a perfect environment for an identity thief.
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03 Feb Fake Checks – Yet Another Identity Theft Scam

Your mail arrives and it contains a letter from TRS Recovery, a division of Telecheck check verification service.  The letter asserts that you have bounced a $500 check to WalMart.  You call the number for TRS Recovery on the letter, provide the case identification number and ask to speak to a representative as you have no record of any bounced check to WalMart. The representative asks for some identifying information to help you fix the problem - your bank account number, your date of birth, social security number and mailing address.  He politely thanks you for your cooperation and assures you that the collection agency will delete the bad check reference.  No need to worry - right?
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