BIRMINGHAM SOCIAL SECURITY ADMINSTRATION ID THEFT INCIDENT

A former Birmingham, Alabama Social Security Administration employee has been sentenced to more than 2 years in prison for identity theft.  The employee, Ame-Cherie Denise Thompson, 34, of Birmingham, Alabama used someone else’s Social Security number to get a car loan for a friend.  After Thompson gets out of prison, she will also have to serve 5 [...]

POLICE MAKE ARREST IN MULTI-STATE ID THEFT RING

Police have extradited a Texas woman on identity theft charges.  The alleged identity thief, Tamara Turner, 31 of Houston, Texas has been charged with 18 counts of identity theft for stealing another woman's identity and used a fake ID to open fraudulent accounts all over the US.  One of the victims, a Connecticut resident, claims [...]

WHAT SHOULD YOU DO WHEN YOU FIND ERRORS ON YOUR CREDIT REPORT?

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), [...]

ATM SKIMMING ARREST MADE IN CALIFORNIA

A San Diego has been accused of "skimming" personal identifying information (PII) from bank customers' ATM cards.  According to authorities, a skimmer was placed on a bank door and allowed an identity thief to take thousands of ATM users' personal identifying numbers (PINs).  The alleged identity thief, Daniel Axinte, was charged with over 40 counts [...]

CHILDREN AT RISK FOR ID THEFT

Identity theft is a growing problem for American consumers, especially children.  In fact, a recent study on identity theft indicates children are at a greater risk for having their identities stolen.  How much greater? Children are 50 times greater than adults to be victims of identity theft! Theft of children's personal identifying information often goes [...]

SENIORS MOST VULNERABLE INVESTORS

According to the North American Securities Administrator's Association (NASAA), seniors are the most vulnerable investors.  Seniors are a viable target for financial predators.  Why?  According to Money magazine, the average household led by those 75 and over has a net worth of $638,000. Secondly, seniors' ability to understand complex financial transactions lessens with age.  Thirdly, [...]

DOES MY LENDER GET THE SAME CREDIT SCORE I GET?

Consumers have the right to request (for a fee) their credit score from the three nationwide consumer reporting agencies, Equifax, Experian and Trans Union.  Is the credit score consumers receives the same score provided to lenders?  No, according to a recent Consumer Financial Protection Bureau (CFPB) report. In its July 20, 2011 report, the CFPB [...]

TELETRACK TO PAY $1.8 MILLION TO SETTLE FCRA CLAIMS

Teletrack, Inc. has agreed to pay $1.8 million to settle Federal Trade Commission's (FTC) charges that it violated the Fair Credit Reporting Act (FCRA).  The FTC  alleged Teletrack sold consumers' credit reports to marketers without a permissible purpose. According to the FTC complaint, Teletrack sold consumer credit reports to payday lenders, rental stores, and sub-prime [...]

ARREST MADE IN ID THEFT CASE – TROY, ALABAMA

According to Stacy Graning at the Troy Messenger, Ramona Watson, the former executive director of the Child Advocacy Center was arrested this past week on two felony counts of identity theft.  Watson was being held in the Pike County Jail on $5,000 bond.  Watson resigned from the Advocacy Center on May 13. Court documents demonstrate [...]

HOW DO I DISPUTE CHARGES ON MY CREDIT CARD?

Have you discovered an error on your credit card statement?  Common errors include duplicate charges for the same product or charges for a product you never received or returned to the merchant. How do you dispute these types of credit card billing errors? Under the Fair Credit Billing Act, consumers have the right to dispute [...]