Consumers Beware!
Identity Theft is alive and well!! I have seen countless credit reports lately with fraud and identity theft written all over them. It starts when a client goes to buy a new car or apply for a line of credit. All of the sudden they are declined for the first time in their life and they have no idea why. People don't realize how quickly a few erroneous items on one's report can take a score down 100 points or more. Protect your credit! It's not just a number. Failing to take steps to clear the fraud with the credit bureaus could cost you hundreds or thousands of extra dollars on a home loan, a car payment or a credit card or insurance bill. Make sure you guys are checking your report every so often and make sure that you keep track of your open and closed accounts. Have a great day!
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