Credit Guides And Credit Services

Credit Pacific Service Union By Jim Kouri

Unused credit cards are putting millions of Brits at greater risk of falling victim to identity theft, according to a specialist credit history firm.

Credit First Service Union (AXcess News) New York - An estimated 3.6 million households, or about 3 percent of all households in the nation, learned that they had been the victim of at least one type of identity theft during a six-month period in 2004, according to the US Justice Department's Bureau of Justice Statistics.

Identity Theft is when someone uses someone else’s personal identifying information for illegal purposes. or obtaining credit in the victim’s name. ID Theft can be as simple as illegally using another’s credit card for fraudulent purchases, or it can be more complex where the Identity Thief uses another’s personal information to apply for and obtain new credit, for example, for a new credit card or home loan. Unfortunately the illegal purpose may be committed over long periods of time before the victim even discovers the fraud.

Card Credit Mobile Service Forty-eight percent had experienced an unauthorized use of credit cards; 25 percent had other accounts, such as banking accounts, used without permission; 15 percent experienced the misuse of personal information and 12 percent experienced multiple types of theft at the same time.

Card Credit Discover Service These findings represent six-month estimates based on interviews conducted from July through December 2004 for the BJS National Crime Victimization Survey. The study's preliminary finds were tabulated in April, 2006.

When confronted with the identity restoration process, identity theft victims are told not to panic, and that acting fast is the best way to a quick recovery. But can you blame them for panicking Even with identity theft numbers currently on the decline, studies indicate that U.S. consumers spend some 297 million hours on identity restoration annually, and there have still been over 27 million separate ID theft incidents in the last five years.¹ And those are just the ones that were actually recorded — only about one half of all identity theft victims ever even know that their identity has been taken.

Credit Public Service Union Households headed by young people (18-24 years old), those in urban or suburban areas and those with incomes of $75,000 or more were the most likely to experience identity theft. Victimization did not differ by race or ethnicity.

(Scottsdale, Ariz.) % In the aftermath of the Gulf Coast tragedy, many of Katrina%š victims are dealing with the myriad of problems associated with their identity and credit, as they become easy targets for identity thieves. Beginning on Monday, LifeLock, the country%š first and only preventative identity theft solution, will provide all victims of Katrina the tools they need to protect their identities and preserve their credit standing. The service is free to any victim and comes with no obligation.}}

Card Credit Processing Service About one-third of households that were identity theft victims discovered the loss by noticing missing money or unfamiliar charges on an account, and about one-quarter were contacted by a credit bureau. The estimated loss during the 6-month period was about $3.2 billion. This included losses that may have been reimbursed by credit card companies, insurance companies or other financial institutions.

Center Credit Service Union About two-thirds of the households said they lost money. The average loss was $1,290. Some households for which misuse was still ongoing at the time of the interview may have continued to suffer losses.

Card Credit Service Wireless About one-quarter of all victimized households said the misuse had not stopped. The misuse was more likely to have stopped for households experiencing credit card theft (78 percent) than those experiencing theft of other existing accounts (65 percent) or the misuse of personal information (54 percent).

Credit Security Service Union One-third of the victimized households experienced one or more problems caused by identity theft. The most common problem was being contacted by a debt collector (34 percent), followed by problems with bank accounts (31 percent) and credit cards (26 percent)

Credit Report Service About one in five households spent at least one month resolving their problems. One-third said the problems were resolved in one day. At the time of the interview about one-sixth said the misuse was still causing problems.

Blogspot Com Christian The survey questions were asked of one household member, who provided information about other property crimes the entire household may have suffered. The survey did not obtain information on which household members were victims.

Christian Counseling Credit Identity theft questions were added to the BJS crime survey in July 2004. Only 6 months of data were available for analysis. Annual prevalence estimates will be published when data are available for 2005.

[ Comment, Edit or Article Submission ]