What Can Happen if Someone Steals My Identity? When your identity is stolen, the identity thief usually does so with the intent to unlawfully use that information for their own economic gain. Some of the most common ways that an identity thief will use your personal information are set forth below. If unauthorized charges …
What is Identity Theft? “Identity theft,” sometimes referred to as “identity fraud,” refers to the act of another person impersonating you, usually to obtain some financial gain. In most circumstances, this will involve another person gaining access to your personal information, such as your Social Security number, birth date or driver’s license numbers. How …
You followed our FCRA blog posts and understand how accurate credit reporting is important for your financial future. You sensed that something was wrong with your credit report and you have identified inaccuracies. You followed our instructions and used our Sample Dispute Letter to dispute the false report. Finally, the false credit reporter has responded. But …
If you find incorrect or inaccurate information on your credit report, you need to take action immediately. The best way to protect your rights is to send a dispute letter to the credit reporting agencies (Transunion, Equifax, and Experian) and the furnisher of the information. A “Sample Dispute Letter” which includes the address for the …
Continue reading “Fair Credit Reporting Act – After You Find An Inaccuracy”
HOW DO I CHECK MY CREDIT REPORT? If your credit report contains errors, inaccuracies or incorrect information it can have a significant negative impact on your credit rating and you need to take immediate action. To protect your rights, you need to thoroughly review your credit report to ensure all the information is current and …
Continue reading “Protect Your Credit With The Fair Credit Reporting Act”
A new article by the Los Angeles Times discusses that, under President Trump appointee Jeff Sessions, the Justice Department will no longer set aside money from fraud settlements with corporate wrongdoers (such as Bank of America and Citigroup) to give to community groups and nonprofits. It had previously been commonplace under the Obama administration to apportion …
This is Part 3 of 3 on our series regarding credit disputes and related claims. In Part 1, we shared an overview of credit and how it impacts our financial lives. In Part 2, we explained how to dispute inaccuracies to the credit bureaus and reporting entities. Today in Part 3, we discuss the remedies …
This is Part 2 of our 3 Part Series on credit reporting and associated claims. Your credit report contains the information provided to the three major credit-reporting bureaus – Equifax, Experian, and TransUnion – related to your loans, purchases and other financial transactions. If you find an error on your credit report, you have the …
Your “credit report,” and the “credit score” based on that report, are very important and can have a significant effect on your financial well-being including determining the interest rate you pay on loans and credit cards and whether you even qualify for a loan or purchase. The terms “credit report” and “credit score” are often …
Continue reading “Credit – Part 1: Your “Credit Report” And Your “Credit Score” Explained”
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