Credit Protection and Identity Theft
University of Phoenix Material
Credit Protection and Identity Theft
Directions
Refer to:
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?
If you find errors on your credit report, the steps you should take to correct them are telling the credit report company which information you think is inaccurate. After the problem is resolved, the company can not put back the information until the provider confirms the changed or deleted items. Last, telling you creditor or other provider about the information sent to you that you dispute any of the items which were inaccurate. If the credit reporting company or provider does not change the information then you would have to send files and your credit history to prove they are wrong.
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?
From the readings I read, no one should use a credit repair service because many of these organizations are just scams and even though they try to make it believable they are not. According to the Federal Trade Commission, you can never quick fix your creditworthiness. Some actions that these organizations can take that should be red flag are asking for your personal information on an unsecured site, pop-up screens with offers that might just even be more scam than on the website you are on. Knowing what kind of
Credit Protection and Identity Theft
Directions
Refer to:
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?
If you find errors on your credit report, the steps you should take to correct them are telling the credit report company which information you think is inaccurate. After the problem is resolved, the company can not put back the information until the provider confirms the changed or deleted items. Last, telling you creditor or other provider about the information sent to you that you dispute any of the items which were inaccurate. If the credit reporting company or provider does not change the information then you would have to send files and your credit history to prove they are wrong.
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?
From the readings I read, no one should use a credit repair service because many of these organizations are just scams and even though they try to make it believable they are not. According to the Federal Trade Commission, you can never quick fix your creditworthiness. Some actions that these organizations can take that should be red flag are asking for your personal information on an unsecured site, pop-up screens with offers that might just even be more scam than on the website you are on. Knowing what kind of