Reasons to Check Your Credit Report
Most people don’t check their credit report until it is time to make a purchase that requires a degree of creditworthiness, i.e. buying a house or a car, opening up a credit card, etc.
Credit Report Blog.com would like to take this opportunity to reinforce to its readers the importance of consistently checking their credit reports for various reasons, as mentioned in this report. When an important decision is to be based on your credit report, it may cause unforeseen delays or rejections, if surprises pop up on your credit report which you were not expecting. The causes of these surprises could be the result of identity theft, reporting errors, mistaken names, etc.
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U of U medical records stolen, 2.2 million patients’ data at risk
University of Utah Hospital and Clinics patients are bracing for the unknown as police and prosecutors investigate the theft of 2.2 million billing records filled with personal information.
Authorities say the records, stolen out of a courier’s personal vehicle earlier this month, put the private data of patients from the past 16 years at risk.
Credit Report Blog - It’s amazing how an incident like this can lead to astronomical financial damage for every one of those 2.2 million patients. Hospitals and any other organizations that hold such sensitive information need to take responsibility and re-think their procedures so that these mishaps do not happen. The good thing is that the U of U is taking the right steps in offering free credit monitoring services to all patients whose social security numbers were compromised. Read more
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Thieves steal $22,000 using credit card of U.Va. Professor
Identity thieves in New York had opened a checking and savings account in Grant’s name, aided by his Social Security number and a fake New York driver’s license with his name on it. Using an online banking feature of the fraudulent checking account, the thieves hijacked Grant’s existing Bank of America credit-card account.
***Credit Report Blog*** After reading about this incident, it is apparent that no matter how safe you think you are or no matter how many precautions you take, identity thieves still manage to do what they do best—severe financial damage to their victim. In the professor’s case, after finding out that his personal info may had been compromised, he took all the right steps that he thought would save him from becoming another powerless victim of identity theft.
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Credit Monitoring Services - Wasting your money?
When you listen to ads pitching credit monitoring services, the top benefit they usually mention is to protect you from identity theft. Not true! These credit monitoring services do not really do anything to prevent identity theft. If anything, they may be able to alert you, once the crime has been committed. In addition, you will only receive these alerts on any credit-related activity, if certain conditions are first met. What’s more, these services can be very expensive. Why spend unnecessary dollars when you are entitled to a FREE credit report once a year? You can also receive it FREE if you are denied a line of credit, denied employment, or become victim of identity theft.
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Terms of Use
We at Credit Report Blog (www.CreditReportBlog.com) do our best to provide you correct information about various credit related topics and issues such as credit reports, credit scores, credit monitoring, credit checks, credit cards, free credit report, credit bureaus, credit counseling, identity theft, bad credit, and your rights etc. We do not provide this information as legal advice. We just provide ALL this material for information purposes only. We are not responsible for correctness or validity of any information on our website. You are solely responsible for verifying the accuracy of the information from other sources before using it.
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“Credit Report Blog” Team
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Stop Identity Theft in its Tracks
No matter how careful you are, thieves are usually a step ahead. What do you do, when they come for you? Once you discover that you may have become a victim of identity theft, here are some MUST DO’S for you to avoid minimal damage:
· Immediately, notify police, banks, credit card companies, and any other parties that you can think of.
· Make certain that you get your copy of the police report, so that you have proof of a crime having been committed.
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Free Credit Report - Your rights
You are entitled to a free credit report once every 12 months. Each of the 3 national consumer reporting companies( Equifax, Experian, and TransUnion ) is required to provide you with one, at your request. If you require another copy of your report within the 12-month period, the reporting company can charge you upto $9.50 per copy or more.
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What is “identity theft”?
Identity theft is a crime that occurs when a criminal obtains key personal information of another individual, such as social security number or driver’s license and uses it to take on someone else’s identity. The criminal will then go ahead and do such things as obtain credit, open new accounts, and purchase goods and services, using the victim’s name. Criminals can also use their victim’s info to commit other non credit-related crimes.
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What is “credit monitoring”?
Credit monitoring is a service provided by companies to monitor your credit activity and detect any irregular or suspicious transaction that may occur. Credit monitoring can be helpful in alerting of credit fraud and identity theft. You will also be alerted to such activities as credit inquiries, delinquencies, new accounts, changes in employment and other items that affect your credit history.
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About Us
It is a well know fact that credit reports can not only have errors, but also other people’s wrong information. Credit report errors and low credit scores cost people millions of dollars in high interest rates every year. In addition, many people get denied access to valuable credit and loans because of their low credit scores. Many times low credit scores are not even the fault of the person applying for credit but it’s due to errors. Yet, it’s a sad fact that not much is being done to help people.
We realized it’s about time to do something about it. We were looking for a way to quickly know what is happening around the credit industry so that people can access the facts and get to know the answers to their questions in easy simple to understand terms without spending days looking for proper answers.
In order to make the required information easily available, we are providing credit related information about credit reports, credit scores, credit monitoring, credit checks, credit cards, free credit reports, credit bureaus, credit counseling, identity theft, and other credit problems in an easy format so that people don’t have to go from site-to-site looking for answers.
We add fresh new tips to increase and maintain high credit scores all the time. Please check back often.
We hope it will help you as much as it’s helping us get quickly informed about the latest credit industry buzz.
Thanks for visiting our site. Have a high credit score.
CreditReportBlog.com
“Credit Report Blog” Team
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