My Identity Has Been Stolen! Now What?

My Identity Has Been Stolen! Now What?

You Don’t Have to Feel Helpless: Get on the Road to Recovery Now 1 in every 10 U.S. Consumers have been victimized by identity thieves (Javelin Strategy and Research, 2009). If you’ve been or currently are a victim of identity theft, you’re not alone. Understanding the steps needed to take to get your life back are vital. Below we’ll cover the most important steps to recovery.   Steps If Your Identity Is Stolen: Contact the fraud department at all 3 credit Bureaus Contact your creditors Contact the FTC (Federal Trade Commission) at 1-877-438-4338 Alert the police in your city Change all account passwords Notify the Office of the Inspector General at ssa.gov Change driver’s license number Contact your telephone and utility companies     Recovery and What to Expect: Depending on the severity of the identity theft case, in extreme situations, it can take an individual 5,840 hours to fix the damage done from identity theft. This is nearly the equivalent of working 40 hours per week on it, for 2 years!* Nearly 1/3 of all victims spend between 4-6 months straightening out issues regarding their identity being stolen. 11-23% of victims spend 7 months to a year attempting to resolve these issues.* On average, it will take approximately 330 hours to repair the damages done from identity theft.* *ITRC Aftermath Study, 2007     Have you suffered from identity theft? Are there any criminal uses we missed? Please share your story or comments below.  Thanks – TDN  ...

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Identity Theft Statistics

Identity Theft Statistics

Identity theft is becoming one of the fastest growing crimes in the United States.  Arizona is the highest ranked state in identity theft at 142 victims per 100,000 people.  Arizona, California, Texas and Florida are always at the top due to having a large amount of people entering the country illegally needing new identities. With advent of advancing mobile technology and the internet, both fraud and identity theft have been on a steady rise for the last several decades.  In the year 2000 Fraud and ID theft crimes were 230,628 in the United States.  By 2009 this number had risen to 1,330,426.   Some Quick Identity Theft Stats: An identity theft victim will spend an average of 175 hours and $800 trying to clear up their record.  It can take months or even years to resolve it. The FTC claims that 9.91 million American’s are identity theft victims each year Losses total $52.6 billion Social Security numbers cost roughly $49 on the black market A driver’s license is roughly $90 Birth certificates are about $79 It is believed that in 2005, an identity was stolen every four seconds   Identity Theft Complaints by Age <19         =    7% 20-29    =    24% 30-39    =    22% 40-49    =    19% 50-59    =    15% 60-69    =    8% 70+         =    5%   Have you suffered from identity theft? Are there any criminal uses we missed? Please share your story or comments below.  Thanks – TDN  ...

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Top 10 Reasons People Utilize Debt Relief

Top 10 Reasons People Utilize Debt Relief

According to Fitch Ratings, although the 60-day delinquency rate on credit cards is flat from 2009 to 2010 at about 4.5%, the number of default cards hit a peak of 11.37% in March 2020 the second highest level ever. Even though Bankruptcy filings continue to rise to over 1.5 million, many Americans are still turning to alternative debt relief options in order to regain a financial foothold. Listed below are the top 10 reasons why many people choose Debt Settlement and/or Debt Elimination.   10.) Professional Representation Options 9. ) Stop Collection Calls and Letters 8. ) Interest Stops Compounding 7. ) Lower Stress by Taking Action 6. ) Avoid Bankruptcy Proceedings 5. ) Less Money is Paid Than What is Owed 4. ) FTC Regulations Have Made it Safer 3. ) Debts are Paid Off Faster 2. ) Clients Regain Control of Their Money 1. ) Immediately Lowers Monthly Bills...

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Fair Debt Collection

Fair Debt Collection

Fair Debt Collection Practices Act Against the backdrop of the recent recession, many people, through no fault of their own, are finding themselves in situations where they cannot afford to pay their bills. This all-too-familiar scenario has created a surge in consumer collection accounts as well as a rising number of complaints about overly aggressive bill collectors and their abusive tactics. In March of 2011, the Federal Trade Commission (FTC) released a Congressional report that demonstrated that in 2010 there was a 17 percent rise in the number of complaints involving consumer fair debt collection. Moreover, complaints about third-party bill collectors rose by a stark 25 percent. Overall, in 2010, consumer complaints about abusive and unlawful debt collection practices superseded every other compliant category except for identify theft. Perhaps not surprising because of easy access, the most frequent occurring complaint about these debt recovery agencies was telephone harassment of the debtor. Other complaints included the misrepresentation of amounts owed, demanding unlawful fees, contacting the consumer during prohibited times and more. The except above is from the Lexington Law Blog to view entire post please visit their site by clicking here...

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