We all hear about the three main credit bureaus – Equifax, TransUnion, and Experian. They stand like gods over our financial lives, yet they are pretty mysterious. Just how do they work? What sort of business do they conduct? Are they there to help organize the aspect of borrowing, or do they simply run the [...]
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Identity Theft
Lives have literally been shattered by Identity Theft. A global problem of growing proportions is picking victims at random who inadvertently leave a trail by which thieves can enter into your personal life and create havoc. If given the chance, the hacker can make life miserable for the unsuspecting person. Once found out, the problems [...]
Identity theft is a form of fraud in which a person’s personal or financial information is stolen by someone and used illegally. Identities are usually stolen in order to obtain credit cards and bank accounts in someone else’s name. Often, being the victim of these types of frauds can set your financial stability back a [...]
You may not be aware of the fact that the credit reporting agencies actually sell your information to lending institutions. This is how the credit bureaus started out making their money. Now, they still sell your information along with selling you a subscription based service that is supposed to allow you to monitor the activity [...]
Most individuals are not aware that credit companies sell your credit information to any business that provides a valid reason for needing the information. The good news is, FACTA was put into law in 2003 which forces the reporting agencies to allow you to put a Fraud Alert on your account. Along with other issues, [...]
There was a time when people didn’t need shredders to disintegrate personal information as a defense against unscrupulous individuals. That is no longer the case. Identity theft is becoming more and more common in this country. One means of protection against this kind of crime is to utilize a firm to watch over transactions that [...]
Your identity literally defines who you are. You have specific information that’s important, like your social security number, driver’s license number, and credit. This information is important because it affects almost everything you do, from your job to making a large purchase. Protecting this information should be a priority, but many people don’t realize how [...]
You probably don’t know that those credit bureaus are selling your credit information to any company that presents a valid reason for needing your data. Thanks to FACTA being passed in 2003, those agencies are at least forced to allow you to put a Fraud Alert on your account. This legislature also forced lending institutions [...]
It seems like it was long ago before the appearance of the spreadsheet and the notion of word processing, and while things took a little longer back then, crime was a little easier to detect. For someone to steal money from a bank, they had to get in and out, either through an armed robbery, [...]
Identity theft has been, and remains to be, a very real concern in the world today. Protecting yourself against it is important but not always fool-proof. You can take any number of measures to keep your identity safe but you are not guaranteed that it will not happen. The following article discusses your options, as [...]