Watch out - Military Credit Theft
Those of us who serve in Americas military forces may be aware of some extra risks in life; it's the unexpected ones that can hurt us. One such risk is the heightened risk for credit identity theft.
Douglas Aaron, a credit repair lawyer says, Military are often targeted by criminals for identity theft because they are often out of the country for extended periods of time. Criminals who go to the trouble of stealing other peoples information don't like to be quickly shut down. People who go on a tour-of-duty for a year or more provide just such an opportunity.
Once a criminal has gathered your personal information, such as your social security number, name and birthday, they will start opening many new lines of credit, take out personal loans and probably buy cellular service.
More sophisticated operations quickly add some form of photo ID for bank loans, automobiles or boats.
Anyway, returning home to a huge amount of bills or trying to make purchase with your credit only to realize it has been ruined by thieves is something no one should have to deal with. To add insult to injury, fixing the situation often requires months to a year or more to iron out all the problems created by this type of theft.
Cory Baker, a North Carolina resident said: "I served my country for two years, out of the country. This was not the type of homecoming I hoped for. Proving to the courts that I did not make $7,000 in phone bills to Greece takes a lot of time and is utterly distracting."
Most of these kind of problems could have been prevented or stopped quicker with a little more attention to ones finances, especially monitoring ones credit history.
Knowing what is on our report, cleaning up and fixing mistakes, constantly trying to increase your credit score, is something we can all benefit from doing, says Douglas Aaron. If you don't know your score, how will you know if its gone down?
At the very least, obtain your credit score today. Today's economic problems require our attention; they demand we are ready for emergencies.
Those of us who serve in Americas military forces may be aware of some extra risks in life; it's the unexpected ones that can hurt us. One such risk is the heightened risk for credit identity theft.
Douglas Aaron, a credit repair lawyer says, Military are often targeted by criminals for identity theft because they are often out of the country for extended periods of time. Criminals who go to the trouble of stealing other peoples information don't like to be quickly shut down. People who go on a tour-of-duty for a year or more provide just such an opportunity.
Once a criminal has gathered your personal information, such as your social security number, name and birthday, they will start opening many new lines of credit, take out personal loans and probably buy cellular service.
More sophisticated operations quickly add some form of photo ID for bank loans, automobiles or boats.
Anyway, returning home to a huge amount of bills or trying to make purchase with your credit only to realize it has been ruined by thieves is something no one should have to deal with. To add insult to injury, fixing the situation often requires months to a year or more to iron out all the problems created by this type of theft.
Cory Baker, a North Carolina resident said: "I served my country for two years, out of the country. This was not the type of homecoming I hoped for. Proving to the courts that I did not make $7,000 in phone bills to Greece takes a lot of time and is utterly distracting."
Most of these kind of problems could have been prevented or stopped quicker with a little more attention to ones finances, especially monitoring ones credit history.
Knowing what is on our report, cleaning up and fixing mistakes, constantly trying to increase your credit score, is something we can all benefit from doing, says Douglas Aaron. If you don't know your score, how will you know if its gone down?
At the very least, obtain your credit score today. Today's economic problems require our attention; they demand we are ready for emergencies.
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