Credit Protection and Identity Theft Essay

693 Words Feb 17th, 2015 3 Pages
University of Phoenix Material

Credit Protection and Identity Theft

Directions

Refer to:
• Free Credit Report on the Federal Trade Commission’s site.

• Identity Theft resource center on the Federal Trade Commission’s site.

Provide answers to three of the following questions based on your readings and your personal experiences. Answers should be 100-to 150-words each.

1. If you find errors on your credit report, what steps would you take to correct them?

If someone was to find errors on their credit report there are a few steps they can take to correct them. One step is contact the credit reporting company in writing, and let them know what you feel is inaccurate on your credit report. Another is you can contact
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3. Have you, a family member, or a friend been a victim of identity theft? How did it happen? Describe the resolution process- ex. how much time did it take, what credit damage was corrected?

I have not known anyone who has been a victim of identity theft. The only thing that has happened to me was, during the time I had to move back in with my parents, my brother and his family lived there right before me. My sister-in-law’s name is Melissa as well. I went to annualcreditreport.com to check my report, when it was asking me the security questions none of them applied to me. Come to find out they had messed up and applied my sister-in-law’s debt on my report. I called them and told them the mistake, it took them awhile to remove it from my credit report but it was handled. After this happened to me I heard that this happens a lot of times to many people who think it was identity theft, come to find out it was a mistake.

4. Using the FTC site, what can you do to minimize the chance of your identity getting stolen?

What you can do to minimize the chance of identity theft is, make sure you always keep an eye on your purse or wallet, and keep them in a safe place. Do not carry around your social security card. DO NOT share your personal information with people you do not know, sometimes they will call and tell you a lie to get this information and many people fall for it. Read the statements from your bank

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