Credit Protection and Identity Theft Essay Sample
Refer to:
Constructing a Better Credit Report on the Federal Trade Commission’s site: World Wide Web. Federal Trade Commission. gov/bcp/edu/pubs/consumer/credit/cre03. shtm
Identity Theft resource centre on the Federal Trade Commission’s site: World Wide Web. Federal Trade Commission. gov/bcp/edu/microsites/idtheft/consumers/deter. hypertext markup language.
Provide replies to three of the undermentioned inquiries based on your readings and your personal experiences. Answers should be 100-to 150-words each.
1. If you find mistakes on your recognition study. what stairss would you take to rectify them?
One really of import thing is to document everything you do ( day of the months and times of phone calls. people you spoke with. what they said. what your action was. etc. ) . and maintain transcripts of everything you send them. Don’t send original paperss. merely send transcripts. Remember to be aggressive and relentless. This procedure may take a piece normally three to six months. Re-reviewing your recognition study when you get a written response from the recognition bureau. you’ll besides acquire a new transcript of your recognition study. If any information is changed on the study. the CRA can non alter it back unless the creditor provides cogent evidence that it was accurate. You’ll receive the contact information for the creditor or merchandiser so you can get down your conflict ( if you know you’re right ) .
2. There are many organisations that claim they will mend your recognition for a fee. From your readings. should person utilize a recognition fix service? Why or why non? What are some actions these organisations can take that should be a ruddy flag?
Some recognition fix clinics use patterns that are deceitful. deceptive. and even illegal stealing the recognition files or Social Security Numberss of people who are under 18 or hold died. and replacing these for the files of people with hapless recognition histories. and reding clients to make a new individuality by using for an IRS Employer Identification figure ( EIN ) . a nine-digit figure that resembles a Social Security figure. and utilizing it alternatively of their Social Security figure to use for recognition.
3. Have you. a household member. or a friend been a victim of individuality larceny? How did it go on? Describe the declaration process- ex. how much clip did it take. what recognition harm was corrected?
My friend Erica was a victim of individuality larceny. she accidently droped her revenue enhancement documents and person picked them up and started telling cell phones she had a 1. 000 dollar measure from Verizon. She contacted Experian and started the difference procedure. it took 6 months to acquire the Verizon cell phones off her recognition study
4. Using the FTC site. what can you make to minimise the opportunity of your individuality acquiring stolen?
You can put a security freezing on your recognition. When concerns request a recognition cheque a fraud qui vive goes out by necessitating a PIN or watchword before a concern can look into your recognition study. Monitor Your histories online. maintain your login information safe by non composing it down and non stating it to anyone. Keep your Social Security figure safe. pay attending to who’s around when you give your figure to client service representatives. When you order new cheques. pick them up from the bank instead than holding them mailed to your place. There’s many ways to protect your recognition. you have to remain on it.
Post the Credit Protection and Identity Theft worksheet as a Microsoft® Word fond regard.
