HOW DO I DISPUTE CREDIT REPORT ERRORS?

The most frequent question I receive is - How do I dispute credit report errors?    The answer may not be what you think it is.  Most consumers think that they should dispute the inaccurate item to the company providing the incorrect information to Equifax, Experian or Trans Union, but that is not the best practice. [...]

OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

Have you applied for credit and been denied because your credit report had a OFAC alert?  Keep reading....An OFAC alert is an alert given to your potential creditors (landlords, car dealers, credit card companies) when your name matches a name on the Treasury Department's Office of Foreign Assets Control (OFAC) watch list.  The persons named on the OFAC list are [...]

RESOLVE TO BE AN INFORMED CONSUMER

As you jot down your list of resolutions for 2012, why not consider a few to help you become more empowered in the marketplace? The Federal Trade Commission (FTC) and other NCPW partner agencies and organizations, offer free resources on a variety of topics to help you make informed consumer decisions.  In fact, there’s pretty [...]

HOW DO I IMPROVE MY CREDIT REPORT IN 2012?

How do you improve your credit report?  You can improve your credit report – easily and almost for free!  Whether you are applying for credit, a job or insurance, your credit report can mean you get the job or you stay at the house!  Here are 3 easy tips to improve your credit report and [...]

BANK OF AMERICA SETTLES CLASS ACTION FOR $335 MILLION

Bank of America (BOA) has agreed to pay $335 million to settle a lawsuit alleging BOA charged different rates for home loans based on “race or national origin.”  The lawsuit claims Countrywide Financial Corp., owned by Bank of America, charged higher fees to “black and Hispanic borrowers.”  The settlement will affect more than 200,000 borrowers. [...]

200,000 RESTAURANT DEPOT CUSTOMERS AT RISK FOR IDENTITY THEFT

200,000 Restaurant Depot and Jetro Cash & Carry customers are at risk for identity theft after Russian hack attack.  According to its CEO, Stanley Fleishman, the identity thieves are based in Russia and accessed Restaurant Depot’s network through the Internet.  Once inside the network, hackers downloaded magnetic stripe data from customers’ credit and debit cards.  [...]

ID THEFT RING BROKEN UP BY TENNESSEE TROOPERS

Carlton Lewis, 25, was sentenced to almost 6 years in prison for his involvement in a Southeastern identity theft ring.  Lewis was about to receive a doctorate degree from the University of Georgia when he was arrested in Tennessee in March 2011.  Lewis was first charged with a DUI, but federal law enforcement helped build [...]

IDENTITY THEFT IN THE NEWS: WEEKLY UPDATE

  Identity theft probe includes Clay County victims Clay Today Online There are at least 20 victims of identity theft in Clay County and the amount stolen is at least $10000, the Sheriff's Office said. All the Clay County victims had accounts on file at the Eagle Harbor Golf Club where Mr. Janitor was contracted [...]

ALABAMA RANKS NO. 15 FOR ID THEFT

The Federal Trade Commission ranked Alabama No. 15 IN 2010 last year.  In 2009, Alabama ranked 17.  The FTC maintains a database called the Consumer Sentinel Network and lists identity theft and fraud complaints. The FTC received 3,339 identity theft complaints from residents of Alabama last year. What state scored number 1 in the complaints [...]

Identity Theft Victim – Idaho Attorney General’s Consumer Protection Division

Idaho’s Brett DeLange, chief of the Idaho Attorney General’s Consumer Protection Division, falls victim to identity thief.  Not long ago, DeLange was contacted by a store to confirm his purchase of multiple video cameras.  An identity thief somehow obtained DeLange’s credit card number and 3 digit security code and ordered the video cameras. After DeLange was [...]