Why Having a Credit Monitoring Service Is Important
Now, I'm actually someone who checks their credit report quite often. Every time I do a churn, usually every 90 days, I'll run a copy of my credit report and credit scores. Remember, you can get your free TransUnion score from CreditKarma and your free Experian score from Credit Sesame. Don't forget that you are also entitled to a free credit report each year from the 3 major credit reporting bureaus, thanks to Uncle Sam. I've actually been lucky enough to never find any mistakes on my reports...that is until my recent April churn. I noted an incorrect address, one that I had never lived at but was listed as a residence.
Experian, Transunion, and Equifax are the three companies that dominate the credit reporting market, tracking the financial prowess of US consumers. 60 Minutes: 2013 FTC Credit Reporting Study 60 Minutes investigated the stunning number of errors on consumer credit reports and how to make credit report disputes to Equifax, Transunion, and Experian. This information is sold to everyone from employers to insurance companies and creditors.
When I did that, I was again asked for the non existing report number. After more Googling, I learned that tons of consumers have had the same problem and gotten absolutely no where online. They were forced to call in for assistance. Something I was very hesitant about after watching the piece showing all calls being routed to Mumbai. Step 3- They win, I decided to just purchase a $1.00 7 day free trial so that I could have a fresh report with a report number. Now this is going to be easy right? Step 4 - Wrong! After receiving my new report, I returned back to the dispute site and selected the option that I had a credit report number.
"It's a pretty high error rate," Leibowitz observed. 60 Minutes: Fair Credit Reporting Act Mike DeWine, the Ohio attorney general, is investigating the credit reporting industry as well, and he thinks the findings are only going to make consumers more angry. He believes that the companies are violating the Fair Credit Reporting Act. "If you believe that there is a mistake, you can go to them and they have an obligation to do a reasonable investigation.
Now that we have taken a look at some of the nasty elements of identity theft, we can glance at the importance of having a professional credit monitoring service to keep a watchful eye over your financial institution:
Note, there are some pretty horrible stories about getting an agent on the phone who can actually assist if you're rejected online...unless you are a "current customer", not one who has accessed your report via annualcreditreport or via a 3rd party website. It's probably worth the $1 trial, to avoid this just remember to cancel before the 7 days are up, it doesn't impact the investigation.
By taking advantage of a qualified and experienced credit monitoring agency, you can be sure your financial assets and monies are in good hands. You'll also benefit from the advantages mentioned above. The more in tune the consumer is with identity theft and the calculated criminals that take part in it, the better they will be able to sequester both them and their families from the devastation that goes along with it. Bringing on a credit repair agency to protect the very financial foundation of the consumer and their family would be a decision that only a well-informed and wise individual would initiate.
Now, I'm actually someone who checks their credit report quite often. Every time I do a churn, usually every 90 days, I'll run a copy of my credit report and credit scores. Remember, you can get your free TransUnion score from CreditKarma and your free Experian score from Credit Sesame. Don't forget that you are also entitled to a free credit report each year from the 3 major credit reporting bureaus, thanks to Uncle Sam. I've actually been lucky enough to never find any mistakes on my reports...that is until my recent April churn. I noted an incorrect address, one that I had never lived at but was listed as a residence.
Experian, Transunion, and Equifax are the three companies that dominate the credit reporting market, tracking the financial prowess of US consumers. 60 Minutes: 2013 FTC Credit Reporting Study 60 Minutes investigated the stunning number of errors on consumer credit reports and how to make credit report disputes to Equifax, Transunion, and Experian. This information is sold to everyone from employers to insurance companies and creditors.
When I did that, I was again asked for the non existing report number. After more Googling, I learned that tons of consumers have had the same problem and gotten absolutely no where online. They were forced to call in for assistance. Something I was very hesitant about after watching the piece showing all calls being routed to Mumbai. Step 3- They win, I decided to just purchase a $1.00 7 day free trial so that I could have a fresh report with a report number. Now this is going to be easy right? Step 4 - Wrong! After receiving my new report, I returned back to the dispute site and selected the option that I had a credit report number.
"It's a pretty high error rate," Leibowitz observed. 60 Minutes: Fair Credit Reporting Act Mike DeWine, the Ohio attorney general, is investigating the credit reporting industry as well, and he thinks the findings are only going to make consumers more angry. He believes that the companies are violating the Fair Credit Reporting Act. "If you believe that there is a mistake, you can go to them and they have an obligation to do a reasonable investigation.
Now that we have taken a look at some of the nasty elements of identity theft, we can glance at the importance of having a professional credit monitoring service to keep a watchful eye over your financial institution:
Note, there are some pretty horrible stories about getting an agent on the phone who can actually assist if you're rejected online...unless you are a "current customer", not one who has accessed your report via annualcreditreport or via a 3rd party website. It's probably worth the $1 trial, to avoid this just remember to cancel before the 7 days are up, it doesn't impact the investigation.
By taking advantage of a qualified and experienced credit monitoring agency, you can be sure your financial assets and monies are in good hands. You'll also benefit from the advantages mentioned above. The more in tune the consumer is with identity theft and the calculated criminals that take part in it, the better they will be able to sequester both them and their families from the devastation that goes along with it. Bringing on a credit repair agency to protect the very financial foundation of the consumer and their family would be a decision that only a well-informed and wise individual would initiate.
About the Author:
The indicated author is very knowledgeable about transunion dispute. Please have a look at their online site for more relevant information.
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