Credit Protection and Identity Theft
Building a Better Credit Report on the Federal Trade Commission’s site: www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm
Identity Theft resource center on the Federal Trade Commission’s site: www.ftc.gov/bcp/edu/microsites/idtheft/consumers/deter.html.
Provide answers to three of the following questions based on your readings and your personal experiences. Answers should be 100-to 150-words each.
1. If you find errors on your credit report, what steps would you take to correct them? You would need to contact the consumer reporting company and the information provider like right away when you see something not right with your report.. When you are contacting the consumer reporting company in writing you need to explain to the person on the other line what information you believe to be is true that is inaccurate. When you are contacting the information provider in writing that you dispute on the item. They might ask you some questions like an address or etc.
2. There are many organizations that claim they will repair your credit for a fee. From your readings, should someone use a credit repair service? Why or why not? What are some actions these organizations can take that should be a red flag?
3. Have you, a family member, or a friend been a victim of identity theft? How did it happen? Describe the resolution process- ex. how much time did it take, what credit damage was corrected? Well this actually just happen to me when I went to file my taxes. After I went and filed my taxes online it said that someone already had filed them. SO I waited two hours to actually talk to someone through the IRS and they hung up not one not twice but three times and I was very angry. I explained to them my situation. So they had to send me forms that I have to fill out and send back t0 the IRS.They told me this whole process