Identity thieves have found a new way to get information from unsuspecting consumers. Thieves call posing as a court official and claim that the individual has missed jury duty or there is a warrant out for their arrest. The thief then asks the victim to verify various pieces of personal data such as […]
Since the majority of home mortgages in this country are underwritten by FannieMae or FreddieMac, both organizations have initiated the following relief for those whose homes are in the designated disaster areas:
Fannie Mae has mortgage relief provisions in place for borrowers in Mississippi, Louisiana, Alabama, Florida and other states facing hardships as a result […]
The tragedies that have resulted from Hurricane Katrina are almost impossible to grasp. I am currently trying to gather information on what type financial and credit help is being offered victims with regard to their home mortgages and other credit accounts. I will post any information I get right away!
Those who had homes in the […]
The answer: Right now………you do!!
One of the missing links in the legislation proposed in the fight for identity theft protection, is about responsibility. There is much argument and nashing of teeth over notification procedures for when data is compromised. Fine! That is a problem and it should be addressed by any […]
Since credit is so easy to obtain in today’s world, often at a moment’s notice, it could create unexpected liability for married individuals. In some cases, whether you are aware of a spouse getting new credit or not; whether it’s a joint account or not; you could be liable for your spouse’s debt.
For those […]
One man’s junk is another man’s treasure. The same thought process has applied to those who create or hate “spyware”. At first glance, those cute little toolbars that give you the ability to dress-up your email, “block” pop-up ads, download free screen-savers are just fun, interactive pieces of software.
On the other hand, those […]
A bipartisan group of Senators has recently introduced a proposal for new legislation which is designed to protect Americans from identity theft. At first glance, it appears to be similar to the legislation passed by California and Texas. However, it does require that businesses collecting and sharing individuals personal data begin bearing more of […]
In order to help citizens protect themselves from identity theft, California and Texas have passed legislation that allows individuals to freeze their credit history with each of the three credit bureaus. There are mixed reviews from various camps on whether or not this will actually benefit consumers, however, many other states are proposing similar […]
It costs us millions every year. Can you afford it?
Data security experts in Europe don’t collect statistics on identity theft because it’s not seen as enough of a problem. Conversely, the Federal Trade Commission reports that over 10 million Americans are victims of identity theft each year.
Europeans, as a rule, have national identity […]
When I tell mortgage applicants that, if they’re in credit counseling, they are less likely to qualify for a home mortgage, they are agast!
Since most consumers seek credit counseling in an effort to improve their credit worthiness, it is clear that the information given to them at the onset by credit counselors, fails to […]
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