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Consumers Beware!

Services for Real Estate Pros with Royal, Yates and Associates Marketing
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!

Comments (4)

Ray Nellum
Envision Real Estate Group, LLC. - Fort Smith, AR
Fort Smith Real Estate
Justynn, it's so important to stay on top of credit issues.  It's so easy to do now that everyone should be checking to protect themselves.
Apr 30, 2008 09:08 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos
A buyer just found an old lien for $28,00 but when the reporting bureaus picked it up it cost here 100 points on her credit rating !  Trying to get it off will take approx foreever !
Apr 30, 2008 09:12 AM
Justynn Royal
Royal, Yates and Associates Marketing - Plano, TX

How old is it? Federal, state or other? I may be able to help you if you're trying to get her closed in a reasonable amount of time

Apr 30, 2008 10:15 AM
Dione Sage
Nova Home Loans - Gilbert, AZ
I just had a first time homebuyer that found a mortgage on her credit that did not belong to her.....come to find out someone used her identity to purchase a home about 2 hours from her where she was wanting to move to. How ironic is that!!! Now she is trying to figure out if she owns another house or what to do, she contacted a lawyer and hopefully all will turn out okay.
Apr 30, 2008 01:52 PM