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Tag Archives: Credit Reports

When your identity is stolen – What do you do?

Recently I experienced a great loss. I wasn’t smart and I left my purse and the contents of my life in a friend’s car. What do you hate to accept? You were lazy, didn’t wanna bring it, didn’t think otherwise, and yes that your purse is stolen. My purse was stolen!

Having a day planner is a necessity for some which can be an immediate ‘red flag’. I carried mine in my purse and I go everywhere. It had  information written down that ‘I would never lose’. I used that thing religiously for bills, important ‘to do’ items, resolutions, balances, entertainment schedules, etc.

When it comes to sunglasses/glasses they can be replaced, a cellphone can also be replaced, pens/pencils can be replaced, and even a set of keys can be replaced. The information that is in a wallet or day planner cannot be replaced – as easily.

  • The money, gone.
  • Credit cards, gone.
  • ID or Driver’s license (maybe even both), gone.
  • Social security card, gone.
  • Checks, gone.
  • Proprietary information, gone.

Everyone knows not to leave ANYTHING VALUABLE inside a car. Also never take anything important with you like your social security card or birth certificate. I’ve heard of some say to leave your credit cards at home to ensure this doesn’t happen to you. What about the ‘responsible’ people like myself? What if you’re traveling. It’s important to make the best judgement. It’s also very important that you are aware of where you are leaving important items, like your purse.

ID theft is a crime but it doesn’t stop someone from the ‘smash and grab’, you have to be more careful!

What do you do first when your identity is stolen? Do you call your banks to cancel your accounts? Do you call the police? What exactly happens when you’re ID is stolen? Those are all great questions and honestly you could never know until years later that you have been a victim of ID theft.

I have been stressing the importance of paying for a ‘monitoring service’. When something like this happens to you, you are really going to wanna know how to properly handle the situation. The first couple days are crucial so you need to have a plan and you need to act quick!

The steps I took to prepare:

  • Contacted the police for a case #
  • Contacted my financial institutions
  • Change passwords to ALL accounts
  • Contact credit monitor
  • Place a fraud alert on my account
  • Obtain new cards from financial institutions
  • Contact my landlord (keys stolen) replace locks

Having a credit monitoring service to help you watch for fraud is dire at a time like this! If I did not have a monitoring service to help track fraud on my identity; I would feel rather uncomfortable. I feel safer now knowing that although my information has been jeopardized I am still okay to carry on my daily routine as I would if I hadn’t had my purse stolen. Of course it will take time to get back together once you’ve been victimized but it is not impossible to protect yourself in the future.

‘The price of greatness is responsibility.’ – Winston Churchill

 

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Federal Trade Commission – Your rights as a consumer

The Federal Trade Commission requires that all businesses place this at the top of their site:

“You have the right to a free credit report from AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law.” – therefore you can use this site to pull all three reports absolutely free! You have the right as a consumer to access your credit reports. You may also send snail mail to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348 if you would prefer.

Credit monitoring services are usually the best route to retrieving your credit reports and scores. Typically you will have to purchase your scores separately if you utilize AnnualCreditReport.com. Some sites will claim that they are free, but usually require you enroll in some product or service. I recommend using a monitoring service because you can see updates monthly or quarterly. Also you receive alerts when your credit updates which is very important when repairing your credit.

Also here is the Fair Credit Reporting Act link from the Federal Trade Commission website: http://www.ftc.gov/os/statutes/031224fcra.pdf it has depth to it.

CG

 

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Soft inquiries – When was the last time you saw your credit report?

It’s very important to start a monitoring your credit once you’ve receive your reports. Credit monitoring services also protect you from ID theft and allow you to stimulate your credit score by entering specific information pertaining to: additional inquires, paying down your debt, missing a payments, etc.

When was the last time you saw your credit report? How long did it take you to feel comfortable or confident enough to really make the educated decision to pull it?

When you do secure a credit monitoring service and your credit is pulled; the inquiry will be a soft pull. A soft pull does not harm your credit score. It is done occasionally by insurance companies or rental agencies, and it is only visible to you. Do not be afraid to utilize a monitoring service because it will ‘hurt your score’ – that is a myth.

I know for me once I saw the damage on my report I knew I had to start the disputing process. My very next step was to secure a legitimate service to help me. I could then begin to track my progress when I was disputing the inaccuracies I found.

There are a few great monitoring services out there that you can choose from. I will dedicate a post specifically to credit monitoring services I have used in the past soon! Then you can make the executive decision on which one is best for you based upon my past experiences with their sites.

CG

 

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Now here’s what we do – Credit Repair!

Hello everyone!

I hope you are all doing well! I left off explaining how I got to where I am today through my employment. The reason for my prior posts was to give you more insight on my blog and me as an individual. I want to explain to you the struggles I have experienced in the ‘Real World’. The path I pursued was a rocky one but I didn’t give in to the pressures around me. Whether that be the lack of employment, attending school full-time, or doing the daily with friends and family.

The hardships I experienced through transitioning from NV to UT were money oriented. I explained to you that I was lacking work and through that bills start piling up. Sound familiar? It was harder and harder for me to make my minimum payments. I could barely pay rent on time with a bi-weekly check, how could I manage to pay my credit card debt?!

I came out of this rut when I started work for Jantzen and learned a lot from him as a entrepreneur. First things first though, credit! Credit has a lot to do with the ‘Real World’. I hate to say this but your credit is like your fingerprint now. I’ve known businesses to use your credit report for hiring purposes. Of course you can’t get a car unless you have fairly good credit either, or even a home without money down. That concern isn’t just yours as a poor credit client; it’s a lot of people’s!

Nobody jumps for joy when they are denied or declined credit. I failed to understand this in the beginning when I put myself in the position I will later explain.. As for you perhaps there is still hope!

So how can you get everything you need with a poor credit score? The answer is simple. Do not run from you problems, handle them accordingly, and do your research! It’s important that you understand how the ‘Real World’ works. My purpose is to educate you on how to navigate through the messy process of credit repair.

CG

 

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