Identity Theft Shocking Statistics

Identity theft is one of the fastest growing crimes in America today. Well over 200 million personal data records were lost or exposed in the United States just in the last two years, and the problem keeps growing. Every four seconds someone’s identity is stolen. For all we know your personal information may have already been compromised. It’s just that this stolen data which contains your personal information hasn’t been “activated” yet by the identity thieves. But it’s only a matter of time before it gets used..

Consider These Staggering Statistics:

* Identity theft hits 1 in 4 US households
* Over 79 million identities stolen in the past 12 months & 3 million social security numbers illegally traded online
* Over $52 Billion in damages to individuals & businesses
* Identity thieves open credit card accounts, cell phone accounts, utility accounts, bank accounts, and apartment rentals.
* Identity theft victims fail to discover any problems until 12 months after their identities are used by thieves.
* Identity theft victims who detected the crime by monitoring their accounts had average loses of $551. Those who relied on monitoring paper statements had average loses of $4,543.
* Recently more than 55 million Americans were put at risk by security breaches, leaving them vulnerable to identity theft. And that was a very conservative estimate. Some of the “famous” big breaches are often reported in the news, but many “smaller” breaches don’t get reported on the news.

How Do Identity Thieves Steal Your Information?

Identity theft can occur in a variety of ways. Thieves can steal your social security or credit card numbers, then change the address on your bills. They then use your information to impersonate you, buying or renting products or using your personal information to commit criminal acts. Most damaging of all, you often don’t know you’re a victim of this federal crime until months later, when you are unexpectedly turned down for a loan or get a call from a collection agency about an account you never opened. You might even get a call from the police about a crime you didn’t commit. Once identity theft happens to you, it can take many months and thousands of dollars to restore your credit.

Identity Thieves Will:

* Go through your mail or trash, looking for bank and credit card statements, pre-approved credit offers, and tax information.
* Steal personal information from your wallet or purse such as identification cards, credit cards, or bank cards.
* Fill out change-of-address forms to redirect your mail.
* Acquire personal information you share on unsecured sites on the Internet.
* Buy personal information about you from an inside source. A store employee gets your information from a credit application or by skimming your credit card information when you make a purchase.
* Obtain your personnel records at work.

How Is Your Personal Information Used By ID Thieves?

* They open new credit card accounts using your name, date of birth, and Social Security Number. When they use the credit cards and don’t pay the bills, the delinquency may be reported on your credit report.
* They establish phone or cellular service in your name.
* They open a bank account in your name and write bad checks on the account.
* They counterfeit checks or debit cards, and drain your bank account.
* They buy cars by taking out auto loans in your name.
* They call your credit card issuer and, pretend to be you, changing the address on the account. Bills get sent to the new address, so you may not realize there’s a problem until you check your freeannualcreditreport (freescorereportgov.com).
* They file for bankruptcy using your name to avoid paying debts they’ve incurred under your name.

People Are Turning To Credit Monitoring Services Again In Droves

Considering how identity thieves steal and use your personal information and how difficult it is to stop it, many individuals and organizations are turning to credit monitoring services and for good reason:

*Quick Detection of Credit Fraud: Identity theft victims who relied on monitoring paper statements had average loses of $4,543. As mentioned early on, most id theft victims won’t even know they’ve been victimized until several months to an year later. Yet those who used credit monitoring services were quickly alerted to such fraudulent activity at 1/10 that amount ($551). (And even that smaller amount was quickly recovered via the credit monitoring service’s ID Theft Insurance policy!).

* Insurance Protection & Speedy Financial Reimbursements: Any losses incurred if you become a victim is covered thru the credit monitoring service with their Identity Theft Insurance Policy, often to the tune of $25,000, $50,000 or more to help you clean up the mess that an identity thief might cause. With investigators and case managers called upon to aid you with your recovery. This is something you won’t easily muster on your own unless you want to spend several thousands for that privilege, not to mention the daunting time & effort filing theft reports, etc.

But Aren’t Credit Monitoring Services Just A Big Scam?

No, not at all. But what I think these services shouldn’t have done was to overly promote “the sizzle before the steak” to market their services. The “sizzle” was the ‘free credit scores’ you’ve get if you tried them out. It gave some people a bad aftertaste. But IMHO such marketing tactics aren’t really necessary anymore, especially in this day and age when identity theft has become rampant. All they really need to do today is to lay out their features and benefits in plain sight (i.e. the ‘Steak’). The quick fraud detection + an insurance policy for any financial losses + the powerful assistance to help restore your good name and credit standing, etc. People will definitely see the value in what they have to offer. In fact they ARE seeing the real value (the “Steak”) which explains why there’s this rush right now to sign up with these services. 😉

But I Can Monitor My Credit On My Own..Right?

Hmmm…really? I think that’s one of the biggest myths that gets thrown around by alot of these so-called credit “experts”. Right now you’re only able to access your credit report for free once per year. (Coincides with how victims of identity theft didn’t realize they were victimized for over 12 months…). And sure, you can monitor your EXISTING credit cards, bank accounts, etc, online. But identity thieves usually open up new accounts. Accounts that you never knew existed until you’ve realized you became a victim of identity theft…12 months later.

So Which Credit Monitoring Service Should I Try?

There’s quite a few out there. But the one’s we’re currently recommending are always listed here: Credit Monitoring Comparison Chart.

*original article courtesy of FreeScoreReportGov.com.

How To View Your Credit Score For Free

repost from behance

In trying to secure a loan, credit or service, your creditworthiness is being evaluated. And this is usually done by looking at your credit score. IF you don’t have any idea on Credit Score, let’s have a look.

What is a “credit report”?

Credit report is the record of your credit history with information about your identity, your current credits, inquiries on you and your public record. There are three credit bureaus – Equifax, Experian or TransUnion – that collect information about your credits, standing and even your public records. These three credit bureaus are the ones making credit report of your credit history and calculating your credit score.

Credit report is essential for lenders and other kind of companies to determine whether to grant your loan, give you credit, hire you or provide services for you.

You can see your credit report once in twelve months for free. Only, credit report does not show your credit score.

What is a “credit score”?

Credit score speaks of your credit history and helps lenders to determine whether or not to grant you credit, what are the terms and the rate you will be required to pay in case you are given the credit.

Your credit score would be calculated using the following information:

· Your accounts such as credit cards, mortgages, loans;
· The status of your account ad how long it has been existing;
· Your outstanding debts;
· If you are paying your bills promptly; and
· If there are any collections pending against you.

How to get your credit score?

Sometimes, when you are trying to secure a loan, the lender will tell you your credit score for free. But generally, if you want to know your credit score, you will have to purchase it from the three credit bureaus.

But there is another way to view your credit score for free. If you want to see your free credit score gov, check out this website for freeannualcreditreport and free credit report gov. They have recommended several services on free credit score gov. There are tons of free trial offers in the internet to get your free credit score, but they have given the Top Free Credit Score Offers.

Check your credit score beforehand so you know what to expect more or less when you applied for a loan or for a service. And you can have it free thru the Free Credit Score Offers in the said website.

Free Credit Report Gov

Free Credit Report Gov

Free Credit Report Gov

Every 12 months you can request a free copy of your three credit reports per the Fair and Accurate Transaction Act (FACT). These reports are provided by Equifax, Experian, and Trans Union.

Keep in mind that requesting your free annual reports will not give you your credit scores. To access your credit scores you can pay an additional fee to each credit bureau or to a credit monitoring agency that can do monthly monitoring of your credit and provide you will your scores in addition to your reports.

How To Request A Free Credit Report Gov

  • Annually—you can access your free annual reports through one of these three methods:
    • By Phone: You can call Annual Credit Report Service at 1-877-322-8228.
    • By Mail: You can download and mail in a Annual Credit Report Request Form to:

Annual Credit Report Request Service
PO BOX 105281
ATLANTA GA 30348-5281

When you request to receive your free annual credit reports, be prepared to provide personal information such as your current lines of credit, dates of past lines of credit, social security number, current employer, or your past and present address.

If you request your reports online you will receive them instantly, if you request via phone or mail you will receive them within 15 days.

Is There Any Other Time That You Can Request a Free Credit Report Gov?

Yes, there are circumstances that arise that allow you to request free credit reports under FCRA regulations. Some of these circumstances are:

  • If you have been turned down for a line of credit, received an “Adverse Notice”, or received a collection notice that your credit rating may be adversely affected, you have 60 days from the denial or notification to request a free copy of your credit reports.
  • If you have placed a Fraud Alert on your credit file you can request a free copy of your credit reports. You can place a Fraud Alert on your account when you suspect someone has gained access to your personal information, such as having your purse or wallet stolen. The Fraud Alert will be active on your account for 90, or longer if you call to extend. You can call each bureau directly to place a Fraud Alert on your credit file or go to:

http://www.consumer.ftc.gov/features/feature-0014-identity-theft.

  • If you have any of these changes occur you can also request an additional free reports:
    • Are recently unemployed and would like to check your credit reports to assess what information potential employers may see. Employers cannot access your credit files without your written consent.
    • Have been placed on welfare.
    • Have reason to believe that some type of inaccurate information or fraud has been added to your credit files.

What If I Don’t Qualify For a Free Credit Report Gov

Anybody who has received his or her free credit report Gov (freescorereportgov.com) for the year, but would still like to check the credit files can for a small fee. You can do this by:

  • Signing up with a credit monitoring agency that, for a monthly fee, will give you your updated credit scores, credit reports, and alert you of any changes to your credit files.
  • Contact each for the credit bureaus individually and pay a small fee to each for your reports. You can reach each of the bureaus at:

Monitoring your credit files on a regular basis is key in maintaining healthy credit scores and assisting in early detection of Identity Theft and fraud.