Credit Law Issues - FAQ's (Page 2)
How Can I Prevent Identity Theft? (Part 2)
Here are a few more:
- Limit the use of checks. These contain your bank account and other information. Take your full name off of the checks, using only your initials such as C. Smith.
- Only shop on secure internet sites. Look for the lock in the bottom right corner of most browsers. Secure sites will begin with the letters "https."
These are just a few of the things you can do to avoid identity theft. Go to our other website www.creditlawattorney.com for more information.
What Can I Do To Recover From Identity Theft?
Recoverying from identity theft is a painful and time consuming process. While cannot cover it all here, but we can talk about what you can do to recovery your creditworthiness after your identity has been stolen.
The Fair Credit Reporting Act, which is federal law, provides legislative mandates on what credit reporting agencies must do to protect your credit score in the event of identity theft. Basically the agencies are required to freeze any suspicious activity, any negative marks on your report. This is a temporary measure while they investigate the allegations.
While this may all sound quite easy, it is not. The credit reporting agencies usually want a police report indicating that your case of identity theft was reported. Unfortunately, obtaining these police reports is sometimes very difficult. The police are inundated with these requests and are usually still trying to figure out how to deal with these types of complaints.
At Craig K. Perry & Associates, we work closely with you and the police department in obtaining police reports. In fact, we are working with them to develop a protocol so they consumers will know beforehand what the police need to file a legitimate report so that the turnaround is quick and painless.
Can I Negotiate My Debt?
In many cases, yes. Usually, in order to do so, the debtor (you) has to have some money to pay towards these debts. In other cases, if you have indebtedness with property as collateral, you must be willing to part with that asset. Most lenders will not let you pay less than the debt owed if you intend on keeping the property.
