Your Good Credit Was Stolen Now Its Bad Credit
It has been often said that the best offensive is a good defense and that has held true for many people in many situations. If you are now someone that is trying to improve their credit score this maybe something a little too late for you but it maybe something that someone you know can definitely use to help protect their credit. But if you have not done this and your credit was compromised then I suggest that one of the first things you do after reading this is to follow what this little bit of advice.
One of the best and FREE no cost proactive defense against your basic identity theft techniques that you can use is to place a Fraud Alert on your credit report. By doing this you will have basically accomplished 3 things.
1) Your personal information will no longer be sold to third parties interested in marketing you for more credit such as credit cards. You will not only reduce the amount of unwanted solicitation phone calls you get but you will definitely receive less junk mail as well.
2) This may create some inconvenience but going further no one can be approved with your personal information for credit without them calling your personally on the phone number you established to be contacted on. So his being said you might want to use your cell phone for that otherwise if you have to play phone tag to get that new car or furniture may prove to be difficult even if it is you trying to buy it.
3) Last but not least is that all the credit agencies will provide you with a FREE copy of your credit report so that you may have the ability to agree or disagree with what is currently on there. Please be advised that the Fraud Alert is only good for 90 days at the time of this writing. To extend the fraud alert you will have initiate it again, this will eventually get very difficult since a significant amount of income for the credit bureaus is selling your information to other people. So it goes to say that if everyone did a Fraud Alert on their credit report they would hurt the bottom line of credit bureaus.
Please believe that Identity Theft is real and what better crime for those that are going to commit a crime. There is not get a way there is no need for guns its just plain and simple by digging through trash cans and finding your old statement here and there they only need to know a bit of information about you. If the Chairman of the Federal Reserve can have his identity stolen don’t think you are safe.
Over 8 million people will be hit with some kind of identity theft this year don’t let it be you.
I hope that this was of some help please help me in providing good and useful information and leave me comment.