Protecting your credit!

By
Mortgage and Lending with Draper and Kramer NMLS# 189006

In June last year I posted about protecting your credit.  In light of my recent issue where an Employee at Countrywide sold my informationI will be taking my own advice.  When your information has been compromised it is important to be pro active.  During times when people become more desperate they stoop to desperate measures.  Unfortunately fraud and identity theft is a major problem and continues to grow. 

I felt it important to repost this information!

Illinois Mortgage Lender warns Protect your credit ~Part 2

 

Protecting yourself when falling victim to identity theft

Place a freeze on your credit with all 3 credit bureaus.  To place a freeze on your credit the credit bureaus will ask for a copy of your police report must be provided to show that you are a victim of identity theft.  When a freeze is placed on your credit, none of your credit information can be shared with potential creditors.  You can place a freeze on your credit to also avoid identity theft, however you will have to remove the freeze to apply for credit.  Placing a freeze on your credit will cost $10.00 with each credit bureau, unless you have been a victim of identity theft or over the age of 65. 

The 3 major credit bureaus are:

Trans Union

To order your report call 800-916-8800 or go to the website

To report fraud call 800-680-7289

To request a security freeze: 

Trans Union Security Freeze

PO Box 6790

Fullerton CA 92834

 

Experian

To order your report call 888-397-3742 or go to the website

To report fraud call 888-397-3742

To request a security freeze:

Experian Security Freeze

PO Box 9554

Allen TX 75013

 

Equifax

To order your credit report call 800-685-1111 or go to the website

To report fraud call 800-525-6285

To request a security freeze:

Equifax Security Freeze

PO Box 105788

Atlanta GA 30348

To place a security freeze each credit bureau will require a letter sent by certified mail.  If you are a victim of identity theft you will have to include a copy of the police report, your full name, (including middle initial as well as Jr., Sr., II, III etc.) address, Social Security number and date of birth.  You should also include information stating your addresses for the past 5 years, proof of current address, such as utility bill or phone bill, and a photocopy of a government issued identification card.  (Drivers license, State ID card, or Military ID, etc.)  If you are not a victim of identity theft and under the age of 65, you will also need to include a check or money order payable to the credit bureau for $10.00. 

After 5 business days from receiving your letter, the credit reporting agencies will place a freeze on your credit.  Ten business days from receiving your letter to place a freeze on your credit, the credit agency will send you a confirmation letter containing a PIN or password.  

You can open new credit accounts if you temporarily lift the freeze on your credit.  To do this you will have to contact the credit agencies, provide proper identification, your PIN or password provided by them and inform the credit agency of the period of time your credit report will be accessible.  Or you may give the credit reporting agency the name of the company you want the freeze lifted for.  If you are not a victim of identity theft or are under the age of 65 each time you temporarily lift the freeze the cost for each bureau is $10.00.  The credit bureaus must lift the freeze no later than 3 business days from receiving your request.  You can order your own credit report through each bureau while your credit report is frozen, but anyone else will receive a message or code stating that the file is frozen.

Who is using your credit?~Part 1 

Kim Murphy

 

1am

 

Providing home loans for Illinois including DuPage, Kane, Cook, Lane and Will counties for over 11 years!

Comments (18)

Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Very true protect your most important asset your credit, amazing till you want to purchase then you have no idea what is on there.  Have a great weekend.

Sep 10, 2008 04:04 PM
Kim Murphy
Draper and Kramer - Lombard, IL
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C

Lynn.... Most people do not realize what is on their credit.  It is important to check it at least once a year.  But also knowing what you can do if your information has been violated is also necessary!

Sep 10, 2008 04:10 PM
Meli Gerogianis
JKA Properties (Meli G Realty & Investment Group) - Clarksville, TN
Broker, CRS, ABR, SFR, CDPE, Licensed in TN & KY

I make it a point to check my credit periodically. You are allowed to get a free report once a year and if you rotate the agencies you use, you can get 3 free reports per year. Stay on top of it! It is no fun, but you really don't have much choice!

Sep 10, 2008 04:26 PM
Kim Murphy
Draper and Kramer - Lombard, IL
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C

Meli... If you want to make sure no one else is using your credit or that you don't have inaccurate information it is a must to check credit!

Sep 10, 2008 04:29 PM
Ken Cook
Content, coding, marketing, host. - Marietta, GA
Content Marketer/Creator

Amen Kim! Sorry you got bitten by Countrywide. I could berate Countrywide even more for the way they are treating a friend (one of their current employees from who another employee stole $8000) or their deceptive practices but I won't. Besides this is your blog and your pain! If you have damages PURSUE! Please for the sake of the nation.

Sep 10, 2008 04:31 PM
Kim Murphy
Draper and Kramer - Lombard, IL
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C

Ken... I have asked for a letter from them stating that my information was not compromised. As you would suspect they would not.  I guess it wasn't on his script! 

Sep 10, 2008 04:33 PM
Jeff Stinson
Kasteel Property Management - Property Manager - Springville, UT

Good advice.  In todays world your credit is your future.  You must protect it and care for it.  Otherwise you'll have a hard time with a lot of things.

Sep 10, 2008 05:02 PM
Royal Goodman
Royalty Home Solutions - Madera, CA
"We Treat You Like a King"

Kim. Thanks for all of the information. I just don't think that posting something as important as that is not necessary. Thanks for sharing. Royal..

Sep 10, 2008 05:25 PM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Good post, Thank you this is information that unfortunately we all need.  Thanks for sharing it!

Sep 10, 2008 05:25 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Kim - I think your post is great and I know quite a bit about this type of activity from Mortgage companies, etc. I really want other agents to know more about this stuff and I really think it's important so.......................(featured)

Sep 10, 2008 05:31 PM
Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Great information. I get so many prospects with bad credit these days who claim to be a victim of identity theft, however they never made an effort to report it or protest it on thier record. Make you wonder if they are really victims or just making excuses,

Sep 10, 2008 05:59 PM
Keith Goodman
Keith Goodman - Merced, CA

Kim, that is some very useful information. In this day and age we cannot be too careful to protect our credit. Thanks, Keith

Sep 10, 2008 06:05 PM
Kim Murphy
Draper and Kramer - Lombard, IL
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C

Jeff... So true!  Yet so unknown by many!

Royal... I agree, more important than most realize.

Tony and Darcy... Your welcome!

Robert... I think the more we know the more we are able to stop it! Thank you for the feature!

Mike... Good point! Although it can take a lot of work, its worth it in the end.

Keith... Our credit is used for almost everything and very important to protect.

Thank you all for stopping by!

Sep 11, 2008 12:55 AM
Greg Dallaire
Dallaire Realty - Green Bay, WI
Green Bay Homes

Kim,

I'm a lifelock member and i'm extremely happy with it.  It's $99 for the year and it does all of the work for me and also gets me removed from Junk Mail.  You can do it all yourself as you've shown here.

Best of luck to you.

Sep 11, 2008 05:46 AM
Kim Murphy
Draper and Kramer - Lombard, IL
Mortgage Loans in DuPage, Kane, Cook, Lake, Will C

Greg... I have heard of life lock, the owner is the man with his social security number on the truck driving down the streets... crazy man, but I guess he is confident in his company!  Thanks for sharing!

Sep 11, 2008 05:52 AM
Stephane Vachon
RE/MAX Tremblant - Mont Tremblant, QC

Well I hope it's going to be easy to repair the situation, I wouldn't like that to happen to me! Must be some stressful moments!!!

Sep 13, 2008 02:56 PM
Richard Stabile
Re/Max Real Estate Limited - Oradell, NJ
Bergen County New Homes Builder Realtor

Very helpful information, I have equifax credit watch. It emails me every time something is inquired or reported.

Richard

Sep 13, 2008 03:49 PM
Cedric (Ced) Reynolds
Covina, CA
(909) 263-4569

Kim,

Great post.  Monitoring our credit identity is extremely important.  It is equally or more important to monitor the 4 other forms of our identity that credit monitoring agencies don't monitor.

Ced

Nov 03, 2008 02:17 AM

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