October 13, 2018
New Federal Law Allows Free Credit Reporting Freezes for Identity Theft
California consumers are now able to freeze and unfreeze their credit reports with Equifax, Experian, and Trans Union for free. Before this federal law was enacted, consumers were forced to pay $3 to $12 per bureau to freeze and unfreeze credit reports for Identity Theft. A credit freeze prevents lenders from accessing someone’s credit profile to prevent identity thieves from opening new...Read More
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October 12, 2018
Credit Bureaus Implement New Rules For Medical Collections
According to the Consumer Financial Protection Bureau, one out of every five credit reports contains an overdue medical debt. As a result of settlements with the national credit bureaus – Equifax, Experian, and Trans Union – debt collectors will now have to wait 180 days before reporting medical collections on your credit reports. This new grace period allows consumers’ insurance...Read More
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August 1, 2018
Veterans 2x More Likely to Be Victim of Identity Theft
Veterans More Than Twice as Likely to Become Victims of Identity Theft Than the General Public According to the Federal Trade Commission, U.S. veterans are more than twice as likely to become victims of identity theft as the general public. There are several reasons for this shocking disparity. First, veterans and active duty servicemembers use their Social Security numbers much more often...Read More
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July 18, 2018
Equifax Sued for False Debt Reporting
Equifax Sued in California Federal Court for Misreporting Paid-Off Debts Equifax was hit with a class action lawsuit in Los Angeles for illegally reporting balances on paid-off accounts. This practice makes the accounts appear delinquent, often leading to increased interest rates on credit cards and consumer loan denials. The lawsuit was filed under the federal Fair Credit Reporting Act...Read More
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May 3, 2018
Over 16 Million Victims of ID Theft in 2017
More than 16 Million US Consumers Were Victims of Identity Theft in 2017 According to new research, more than 16 million United States consumers were victims of identity theft in 2017. Approximately 1.3 million more consumers experienced identity theft from 2016. Additionally, over 150 million consumers, include those in San Diego, were victims of the Equifax Data Breach in late 2017....Read More
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