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Welcome to HomeBiz_Bites
Formerly Dee's Helpful Info.
Wednesday September 23, 2009
ISSN 1544-998X Library of Congress Copyright 2009,
All Rights Reserved
Published by Donna Sweat
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In This Issue
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C. In This Issue
D. Introduction- Today's Quote, Cool Quiz
E. Feature Article
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Introduction
This issue promises lots you need to know about
identity
theft, plus a load of fun with Cool Quiz, and another
question to win a free ebook.
Enjoy todays issue!
Donna Sweat
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Me
BizWizEboo
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Quote of the Day
"What one has not experienced,
one will never understand in print."
- Isadora Duncan
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Feature Article
Protect Yourself Against Identity Theft
Author: Jon Arnold
Identity theft is one of the fastest growing crimes in
the
world today. You've worked hard to get and maintain a
good
credit rating. There are several steps you can take today
to
ensure that you are protected as much as possible
against
the crime of identity theft, which can sink your credit
rating to negative numbers almost overnight.
It seems like you can hardly watch the TV news or read
the
daily newspaper anymore without seeing a report of
identity
theft or seeing the topic of identity theft coming up as
a
very hot topic. Although identity theft is not a well-
known
type of crime, it is one of the fastest growing and
insidious crimes in the world today.
Let’s look at a typical case of what happens
with
identity theft. Very simply, someone opens an account,
like
a Visa or MasterCard, or perhaps at a major department
store, using YOUR name, YOUR social security number,
YOUR
date of birth. This is all information that supposedly,
YOU
would be the only one that would know, so it appears
legitimate. The address is frequently not your address,
but
with the frequency that people move these days, a
different
address seldom throws up a red flag. Since you have good
credit, the new account is approved, and the new credit
card
is mailed to “you” at the address provided on
the
application.
Now what happens? The thief may repeat the process and
open
2-3 or even a dozen or more new accounts. Having the
cards
in hand, the thief goes out and charges those cards to
the
hilt, purchasing things like a plasma TV, a high-end
computer system, top of the line digital camera, even a
late
model used car, and much more.
A couple of months down the road, you get a call from
the
collections department with American Express, Citibank
Visa,
your local department store, and sometimes even ALL of
these. They want to know if there is a problem with your
new
account, since you have not made any payments to date.
Huh?
In the vast majority of cases, this is your first
indication
that you have been a victim of identity theft.
It is not a pretty picture. The lender is going to
assume
that you are just trying to fabricate a story so you can
enjoy all the new toys you bought without having to pay
for
them. And most of those creditors will get fairly
hostile
with you, and in the meantime, they are more than happy
to
start reporting your huge delinquency to the credit
bureaus
so that your previously sterling credit rating starts
going
to the dogs in a hurry.
The good news is that the error can be resolved
…
eventually. But it is going to take months and even years
to
get your credit rating restored to where it was before,
as
well as a significant amount of your time and possibly
even
legal fees. You see, those lenders who approved
“your”
new account don’t want to take responsibility for
merchandise that was purchased and will probably never
be
found again. The ONLY thing they have to allow them to
track
it down is your social security number and date of birth,
so
since that is the only thing they have, they hound you
like
a pit bull. Unfortunately, they also take the attitude
of
you being guilty until being presented with irrefutable
proof that you are innocent and a victim of identity
theft.
Do not take a lax attitude about identity theft because
it
can happen to you, and I can guarantee that it is
significantly less fun than a root canal. There are many
steps you can take that will help guard you against
identity
theft, and you are highly encouraged to take those steps
as
soon as possible.
ABOUT THE AUTHOR:
Jon is a computer engineer who maintains web sites on
a
variety of topics based on his knowledge and experience.
You
can read more about identity theft and preventing
identity
theft at his web site at Click Here
Article Source: Click Here
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Recommended Resources
Identity Theft Resource Center®, Nonprofit
Organization
Identity Theft Resource Center® (ITRC) is a nonprofit,
nationally respected organization dedicated exclusively
to the understanding and prevention of identity theft.
The ITRC provides victim and consumer support as well as
public education. The ITRC also advises governmental
agencies, legislators, law enforcement, and businesses
about the evolving and growing problem of identity
theft.
Resource Center
This website is a one-stop national resource to learn
about the crime of identity theft. It provides detailed
information to help you deter, detect, and defend against
identity theft.
Click Here
Identity Theft and Spyware- The New Threat
New Threat
Are you looking for critical information about possible
career fields?
Search the Occupational Outlook Handbook
Handbook
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