What is an Identity Theft Affidavit? The identity theft affidavit serves as a tool devised by the Federal Trade Commission (FTC) – with the help of credit grantors, consumer advocates and banks – to be able to make it easier for identity theft victims to clear their names. This affidavit also serves as a standard form of document to […]
Fair Credit Billing Act In simple words, fair credit is the term used to address a failed financial transaction or billing errors especially if the transaction was made online. The Fair Credit Billing Act is there to protect the consumers from unfair and fraud billing practices. Credit card is the most preferred billing method for […]
PIN The evolution of the Personal Identification Number (PIN) established after the invention of the Automatic Teller Machine (ATM). ATMs came into existence in 1967 at Barclays of London. The first bank which issued a PIN (along with a magnetic strip card) was Lyold’s bank in 1972. A PIN is a secret code consisting of […]
Extended Fraud Alerts An extended fraud alert is something like a report that can be placed by an identity theft victim by contacting each of the 3 credit reporting companies nationwide. Upon placing such a request, these companies issue a complete credit request form which the person has to fill out. Once submitted, they can keep track of their […]
Re-victimization and Identity Theft As if it’s not bad enough to suffer from the effects of having your identity stolen, in a number of cases throughout the country some victims are revictimized. Unfortunately, as difficult as it is to correct the problems of identity theft, those who have had their identity stolen more than once […]
Equifax Founded in Atlanta, GA in 1899, Equifax is the oldest American credit agency and stands as one of the largest along Experian and TransUnion. Holding information on more than 400 million credit holders around the world, it is also listed in the New York Stock Exchange (NYSE). Its corporate origins though, are a little […]