When creditors attack your credit report after identity theft
Identity Hijacking – When creditors go wild by entering bad, false, or misleading information on your credit report. You were not the victim of identity theft, but you were the victim of identity hijacking. Your credit is hijacked until you get the matter resolved and life returns to normal. Put on your seat belts as we discuss:
• Settlements gone wrong
• Collectors out of control
• Predatory Lenders and you
• Are the customer service reps really that stupid
• Who’s the moron – you for calling or me for listening
• Tell me that interest rate again….
• What do you mean you didn’t get my payment
• Supervisors that should be in some type of rehab program
• Thanks for calling — now give me $1000
• If you don’t have a last name please send me that in writing
EXAMPLE: When closing escrow on my home, $1749.27 was taken out of my funds, and Household International / HSBC Finance Corporation claims I opened an account in 2/90 and closed it 11/90 via the telephone. None of this is true. I contacted them over and over again and had no luck. I contacted the Arizona State Attorney General’s office and they went after them big time. They finally sent me a check, but $500 short and I hounded them for the remainder which will be overnighted tomorrow. They had this bogus debt on all 3 of my credit reports and I have requested a letter basically saying they made a big mistake. What grief this caused me. It is clear that you will lose against HSBC unless somebody powerful is on your side.
If your identity was hijacked you should immediately report it to the credit bureaus, your state attorney general, the FTC, the OCC, and the company that originally had the debt.
Report that you may be the victim of identity theft with at least one of the three major credit bureaus Equifax (www.equifax.com or 800-685-1111), Experian (www.experian.com or 888-397-3742) or TransUnion (www.transunion.com or 800-888-4213). That bureau is required to notify the other two.
Many settlement offers include amounts padded into the account balance, and the account might have been yours. You may not owe any of these additional amounts.
Correct identity theft issues until your credit report reflects the real you. They’ve tried to take you for a ride, but now it’s time to solve the problem.
WASHINGTON (Reuters) – Americans lost at least 548 million dollars to identity theft and consumer fraud last year as the Internet provided new victims for age-old scams, according to government statistics released Tuesday.
The U.S. Federal Trade Commission said it received 635,000 consumer complaints in 2004 as criminals sold nonexistent products through online auction sites like eBay Inc. or went shopping with stolen credit cards.
Identity theft — the practice of running up bills or committing crimes in someone else’s name — topped the list with 247,000 complaints, up 15 percent from the previous year.