Dispute All Credit Report Inaccuracies

A few years ago, as I reviewed my credit report, I noticed something very strange. There were two social security numbers listed on my report as well as a strange address and a Verizon account I’d never seen before. I had always thought social security numbers were unique to a report, that a credit report should only have one number, but the credit bureau told me that sometimes the numbers get keyed in incorrectly and reports have two!
Continue reading Dispute All Credit Report Inaccuracies

Review Your Credit Reports Every Year

CreditJavelin Strategies reported that of the 11.1 million consumers experiencing identity theft fraud in 2009, it took an average of 21 hours to resolve them. Part of the reason it takes so long has to do with when people discover the theft in the first place. If you discover someone has stolen your identity because a debt collector is calling, you have many sleepless nights ahead of you. This underscores the importance of checking your credit report every single year. Like an annual physical, checking your credit report will serve as an early detection alarm if you have been the victim of identity theft.
Continue reading Review Your Credit Reports Every Year

Welcome to Identity Theft Wall

Identity theft is a huge business and every year, millions of Americans succumb to one form of identity theft or another. It might be a thief going through your garbage and stealing your credit card statements. It might be a relative “borrowing” your information and opening a credit card in your name. Javelin Strategies, an independent research firm that studies identity theft, reported that 11.1 million adults are affected by identity theft in 2009, with the total fraud increasing by 12.5% to $54 billion. Fifty-four billion dollars in fraud.

This underscores the importance of being diligent and protecting yourself against this type of fraud. Whereas you are protected, by law, against credit card fraud, there isn’t much that limits your liability when it comes to identity theft. If a thief uses your information to sign up for a utility, say water or electricity, and then fails to pay, the utility is coming after you for the money. They don’t know that your information was stolen and they don’t really care, they just want to be paid for the services they rendered.

On Identity Theft Wall we’ll share tips and techniques to protect yourself against identity theft and help you avoid becoming one of the 11.1 million afflicted by this white collar crime.