OT~ Credit accounts....

Wed Sep 5 15:50:50 MST 2007

Has any one mentioned services like Life Lock yet?

http://www.lifelock.com/

________________________________

From: plug-discuss-bounces at lists.plug.phoenix.az.us
[mailto:plug-discuss-bounces at lists.plug.phoenix.az.us] On Behalf Of
keith smith
Sent: Monday, September 03, 2007 12:05 PM
To: Main PLUG discussion list
Subject: Re: OT~ Credit accounts....

Sounds simple enough.  If your id is stolen it will take hundreds of
hours and years to get your credit report correct again.  In the mean
time you will pay hire interest rates or be denied credit and you will
pay higher insurance rates.

This could all be dealt with easily with a few checks and balances.  And
a little accountability.

If the system is based on a unique identifier such as social security
number (which I think is actually unlawful)  then how does erroneous
data get on someones report?  Apparently someone is not doing their job.
A simple penalty would stop some if not a large portion of this.

"Jon M. Hanson" <jon at the-hansons-az.net> wrote:

If your information was stolen then whomever it was stolen from should
have provided at least a year of the credit monitoring service.

I don't think it's normally the credit bureaus that do the screwing up.
I think the companies that report data to them are the ones making the
mistakes.

If you are ever denied credit for any reason you are entitled to the
exact reason why and then you are also entitled to a free credit report.

You can also get free copies of your credit report every year from all
bureaus through http://www.annualcreditreport.com. Arizona's turn is in
the first quarter of the calendar year so don't try to do it now. This
won't give you your credit score, just the raw report.

If you find something on your credit report that you don't recognize you
have to dispute it with the credit bureau (and each credit bureau that
shows it). They then have 90 days (I think) to either remove the
disputed item or provide proof to you of why it's there.

keith smith wrote: 

And that is part of my point.  The credit bureaus hold us hostage and we
need to pay extra to protect ourselves from them... They should be doing
this for us.

I was one of the 46.5 million vets whose info was stolen.  I went to the
credit credit bureau websites and they offered a paid service to protect
me...  With just a few additions to the system such as allowing me to
configure my account so anyone extending credit under my social security
number must send me a registered letter or give me a phone call or...
[add your own way to secure your file here] ...  instead they leave the
system virtually wide open.

There is no penalty for the mistakes the credit bureaus make.

Your credit is extremely important and becoming more so every day.
Employers use your credit report as part of the selection process.  Car
insurance rates are base first on your credit score then on all the
other stuff.  Your interest rates are based on your credit score....
Your credit score is worth thousands of dollars every year.

Let me repeat that - Your credit score is worth thousands of dollars
every year.

Dan Lund <situationalawareness at gmail.com>
<mailto:situationalawareness at gmail.com>  wrote: 

They offer a service which if you bave it, a new account cannot be
created before contacting you by telephone. Its a Ird party service
that's sold as identity assuredness.

-----Original Message-----
From: keith smith 
Sent: Monday, September 03, 2007 11:42 AM
To: Main PLUG discussion list 
Subject: Re: OT~ Credit accounts....

The credit reporting agencies have no- accountability.

If they were fined for every error I'll be they would figure out how to
get it right.

I would like to see them offer to put my Divers License picture on my
account with a requirement that anyone opening an account verify they
looked at my divers license. Any credit opened without proof would be at
the liability of the company extending credit. I'll bet ID theft would
drop substantially. 

George Toft wrote: I read that 1/3 of all credit files have errors. I've
been tracking my 
credit report since the early 90's, and have found errors every time I 
get a report. Fortunately, they are always not my accounts, and the 
accounts were current.

Over a 30% error rate, and we base the stability of our country's 
economy on it. Amazing.

George Toft, CISSP

[The entire original message is not included]
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Keith Smith
(480) 584-4772
PHP Programming <http://www.netcodeman.com/> 

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