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Credit Repair: Quick Identity Theft Solution

An  Unpleasant  Possibilitysimilar name. In this case your credit repair
efforts will fall under Section 611 as
Are there entries on your credit report thatindicated above. But if the creditor says
do not belong to you? These may be the resultthat it is your account and verifies your
of a file merger error on the part of thename and address, and you know that this is
credit bureaus. Or they may be the result ofan account that you never personally opened
a more nefarious case of identity theft. Theit  is  time  to  act.
Fair Credit Reporting Act (FCRA) gives you
very specific and powerful tools to correctThe  Dispute
cases of identity theft and to quickly block
the erroneous information from appearing onAn Identity Theft Dispute must include an
your credit report and impacting your creditIdentity Theft Report which may be obtained
scores.from an authorized agency including, but not
limited to, your local police department, the
Section  611FTC, the States Attorney General Office, and
The United States Post Office. In addition to
Most disputes are governed by FCRA Sectionthe Identity Theft Report you must include
611 procedures which rule that "if theclear proof of your identity, identification
completeness or accuracy of any item ofof each suspect account on your report, and a
information contained in a consumer's file atstatement that the suspect information is not
a consumer reporting agency is disputed byrelated to any transaction made by you. Don't
the consumer and the consumer notifies themake the mistake of providing speculation
agency directly, or indirectly through aabout the disputed items. The credit bureaus
reseller, of such dispute, the agency shall,only want the simple facts. Many credit
free of charge, conduct a reasonablerepair efforts are foiled by too much
reinvestigation to determine whether theinformation.  Don't  muddy  the  water.
disputed information is inaccurate and record
the current status of the disputedImmediate  Results
information, or delete the item from the
file, before the end of the 30-day periodOnce you have properly submitted an Identify
beginning on the date on which the agencyTheft Dispute to one of the credit bureaus
receives  the  notice  of  the  dispute."they are required to take immediate action.
The FCRA (Section 605B) mandates that a
A  Powerful  Credit  Repair  Toolcredit bureau block the reporting of any
information that you have identified as
Section 611 procedures are normally fine, buthaving resulted from identity theft within
if you have a pending transaction thatfour business days of the receipt of your
requires your credit report to be in top formdispute. The blocking of information means
and time is of the essence you shouldthat it cannot be included on your credit
consider getting out the big guns. The FCRAreport nor have any impact on your credit
remedy for identity theft is the mostscores. To further accommodate your dispute
powerful and quick acting tool available. Butthe three credit bureaus, Experian, Equifax,
before you utilize this powerful creditand TransUnion must refer your dispute to
repair tool you need to determine that theeach other. This eliminates the burden of
erroneous information on your report isdealing with your credit repair project in
something  more  than  a file merger problem.triplicate. Other rights related to identity
theft include Fraud Alerts and Credit Freeze
Assess  the  Situationwhich may or may not be appropriate for your
situation.
Many of the erroneous entries that appear on
consumer's credit reports are due to annoyingContact  a  Credit  Repair  Professional
file merger problems resulting from
deficiencies in the credit bureau's dataIf you feel in doubt about the process and
management systems. These are altogether toowant clarification contact a credit repair
common and do not fall into the category ofprofessional. Most reputable credit repair
identity theft. If you examine your creditcompanies will offer a free consultation and
report and discover an account that does nottake the time to clarify any concerns that
belong to you it is essential to take actionyou may have. If you would rather hire
immediately. The first step is to call thesomeone instead of doing it yourself, a
creditor that is furnishing the data to thecompetent credit repair professional can
credit bureau and ask them if the account isperform the work for you in an efficient and
truly under your name. In many cases victimscareful  manner.
of file mergers discover quickly that these
mysterious accounts belong to someone withCopyright © 2007 James W. Kemish. All
similar identifying characteristics, like aContent. All Rights Reserved.



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