Credit Repair Credit Cards

Identity Theft Protection - Identity Theft Statistics - Reporting Identity Theft

Admin — Mon, 31 Jan 2005 02:04:00 -0800

Federal Trade Commission - Your National Resource for ID Theft Your National Resource for Identity Theft How can someone steal your identity? Identity theft occurs when someone uses your personal information such as your name, Social Security number, credit card number or other identifying information, without your permission to commit fraud or other crimes. Identity theft is a serious crime. People whose identities have been stolen can spend months or years - and their hard-earned money - cleaning up the mess thieves have made of their good name and credit record. In the meantime, victims may lose job opportunities, be ...

A Better Way To Watch Your Credit Reporting

Admin — Mon, 10 Jan 2005 22:54:00 -0800

A Better Way To Watch Your Credit Reporting by: George M Noceti Are you a victim of any credit card fraud or identity theft? Then you definitely need an enhanced defense from those menaces. You can get superior security from http://www.gotocreditreport.com. Actually, those financial offenses take place due to the lack of knowledge of your personal credit status. But, with GotoCreditReport.com , you will get an in-depth analysis of your personal credit with speed and accuracy. Thanks to our comprehensive credit service, we will relieve you from credit worries.

Credit and The Internet Internet Credit Card

Admin — Mon, 03 Jan 2005 03:03:00 -0800

Credit and The Internet by: T.B. Collins The internet stands as the largest open marketplace in the world today, almost every possible product or service is being sold on the internet. With such an availability of potential monetary transactions, the preferred method of payment is the credit card. This method allows instant transfer of funds from the consumer to the merchant in a secure environment, and payment can be verified immediately. But this process poses a dilemma for the potential consumer looking to shop on the internet without access to a valid major credit card due to their inability to gain credit based on their past financial history.

The Biggest Consumer Credit Scams

Admin — Sat, 11 Dec 2004 13:25:00 -0800

Credit Repair Companies

A lot of people are turning to what are called "Credit Repair Companies" you probably have seen advertisements for this credit repair service in the media. What they offer consumers is a credit sweep, which they say can remove negative information off of your credit report.

For this service they typically will charge a fee anywhere from $29.00 a month to over a thousand dollars up front.

Most of these services can be done by the consumers themselves. Some of the services that these credit repair companies claim, cannot be done legally. Accurate negative information can not be ...

More Credit Card Fraud Dozens Arrested In Fraud Scheme

Admin — Tue, 07 Dec 2004 04:13:00 -0800

Newsday.com - State/Region News
NEWARK, N.J. -- More than two dozen suspects have been arrested in a credit theft ring that operated in New York and New Jersey, the Hudson County Prosecutor announced Monday.

Prosecutor Edward J. DeFazio said the ring involved the theft of credit card numbers, which were used to create counterfeit credit cards and matching alternative identification with fictitious names. The bogus cards were used to purchase merchandise that was then "fenced," or resold for cash, at half the original cost.

Click here for full story.

Time Limitations And How The FTC Can Enforce

Admin — Mon, 06 Dec 2004 15:34:00 -0800

You may bring an action against an agency with in two years from the date the liability arises, Unless the agency has willfully misrepresented any information required to be disclosed and the information misrepresented is necessary to establish the agency's liability, the action may be brought within two years after discovery of the misrepresentation.

The Federal Trade Commission (FTC) is the federal agency given the authority to enforce the provisions of the Fair Credit Reporting Act. You may register a complaint at the office in your district.

The complaint should be in writing and send to:

Consumer Response Center, FCRA

Federal Trade Commission

Washington, D.C. 20580

Protect Yourself From Identity Theft

Admin — Wed, 24 Nov 2004 21:04:00 -0800

Disclose your Social Security number only when it is absolutely necessary. Don't have your Social Security number printed on your checks and don't permit your Social Security or credit card numbers to be handwritten on your checks.
Thieves can easily ...

Phishing Scams - What is a Phishing Scam? Pronounced "Fishing Scam"

Admin — Wed, 17 Nov 2004 22:15:00 -0800

The Federal Reserve System along with thrift and credit union regulatory agencies are co-publishing and distributing a brochure with information to help consumers identify and combat a type of Internet scam known as "phishing."

The term is a play on the word "fishing," and that's exactly what Internet thieves are doing -- fishing for confidential financial information, such as account numbers and passwords. With enough information, a con artist can run up bills on another person's credit card or, in the worst case, even steal that person's identity.

In a common type of phishing scam, individuals receive e-mails that appear to come from their financial institution. The e-mail may look authentic, right down to the use of the institution's logo and marketing slogans. The e-mails often describe a situation that requires immediate attention and then warn that the account will be terminated unless the e-mail recipients verify their account information immediately by clicking on a provided link.

The link will take the e-mail recipient to a screen that asks for account information. While it may appear to be a page sponsored by a legitimate financial institution, the information will actually go to the con artist who sent the e-mail.

The federal financial regulatory agencies want consumers to know that they should never respond to such requests. No legitimate financial institution will ever ask its customers to verify their account information online.

The brochure also advises consumers:

Never click on the link provided in an e-mail if there is reason to believe it is fraudulent. The link may contain a virus.

Do not be intimidated by e-mails that warn of dire consequences for not following their instructions.

If there is a question about whether the e-mail is legitimate, go to the company's site by typing in a site address that you know to be legitimate.

If you fall victim to a phishing scam, act immediately to protect yourself by alerting your financial institution, placing fraud alerts on your credit files and monitoring your account statements closely.

Report suspicious e-mails or calls to the Federal Trade Commission through the Internet at www.consumer.gov/idtheft, or by calling 1-877-IDTHEFT.

The interagency brochure is available on each agency's web site and the Fed says it's encouraging financial institutions to download the camera-ready file for use in their own customer-education programs.

RICO class action suit (ID theft) filed against CRAs, Fair Isaac, BofA, Ford Motor ...

Admin — Mon, 08 Nov 2004 21:27:00 -0800

A credit report is a factual record of your credit payment history. Online credit report is provided through the Internet. It's provided to companies and individuals by credit bureaus for purposes permitted by law, usually to grant you credit. The ...