Posts Tagged ‘CREDIT REPORT DISPUTES’

Is Bank of America’s identity theft protection plan a scam?  A federal investigation is underway to determine if Bank of America gave customers what they paid for when they purchased identity theft protection but did not receive the services from Bank of America’s vendors.  The federal government wants to know if the identity theft protection [...]

Responding to charges by the Federal Trade Commission, a U.S. district court has found a credit repair operation in contempt for violating a previous court order that required the defendants to stop promoting bogus credit repair products and services to consumers. The court ordered the defendants to pay $6.4 million to the FTC within 30 [...]

HAVE YOU DISCOVERED A CREDIT REPORT ERROR? Make a complaint to the Better Business Bureau. The Better Business Bureau (BBB)  recommends consumers request their free credit report from the central source and avoid using some deceptive advertisements that offer “free” credit reports, credit scores or credit monitoring services.  According to the BBB, “Pulling your credit report on a [...]

In October 2007, the Federal Banking Agencies – Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve Board (the Board), Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and National Credit Union Administration (NCUA) along with the Federal Trade Commission (FTC), jointly issued final rules on identity [...]

Two people were indicted on charges of identity theft in Birmingham, Alabama.  One woman, Mariana Biserova Pashova and Antonio Velikov were charged with two counts of conspiracy and attempt to defraud Regions Bank.  The two allegedly attempted to attach a debit card skimming device to an ATM machine.  According to court records, when the two were arrested, authorities [...]

The long-delayed start of a new consumer protection bureau took a major step forward Wednesday when the White House defied Congressional Republicans who had been holding out for changes that consumer advocates say would have substantially weakened the agency. President Barack Obama announced a recess appointment to name Richard Cordray as the nation’s chief consumer [...]

Should you purchase identity theft monitoring?  I am often asked by consumers if they should purchase an identity theft monitoring membership after they have discovered unauthorized charges, credit report errors or received a data breach notification letter.  The answer is may surprise you.  Generally, it is not necessary to purchase an identity theft monitoring membership [...]

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 [...]

Facebook has reached a tentative settlement with the Federal Trade Commission on accusations that it deceived consumers that their private information on the social network would remain private when it wasn’t, the FTC said Tuesday. Under the proposed settlement, Facebook promised to take a number of steps to live up to its promises, including giving [...]

What should you do when you find errors on your credit report? When you find an error on your credit report, you should dispute the incorrect information!  Why?  Inaccurate or incomplete information can lower your credit score and keep you from getting credit, a job or insurance.  Under federal law, the Fair Credit Reporting Act (FCRA), [...]