Drug testing

Identity Theft ? Additional Protection for Soldiers on Active Duty

Congress passed the Fair Credit Reporting Act several years ago in an attempt to smooth out some problems in the credit reporting industry. The best known provision of this Act is one that permits Americans to receive a free copy of their credit reports from each of the three main credit bureaus once per year. So far, this provision of the Act has been a success. A lesser-known provision of the legislation is one that is intended to protect active duty military personnel from being victimized by identity theft while they are out of the country.

Identity theft is a crime committed by someone who obtains personal information from a victim and then uses that information to obtain loans or credit in the victim's name. While the thief is making off with the money, goods, or services, the victim is left with the bills. Being a victim of identity theft can be difficult for anyone, as it often takes several years to undo the damage done to the victim's credit report. Identity theft can be even more difficult if the victim is an active duty soldier serving outside the United States. The average victim of identity theft takes nearly a year to discover the crime; it will undoubtedly take even longer if the victim is outside of the country. The amendment to the Fair Credit Reporting Act allows active duty personnel who are away from their main duty stations to place an "active duty alert" on their credit reports. The presence of this alert requires any creditor to verify the identity of the borrower prior to granting credit in his or her name. Since it isn't usually possible to contact a soldier who is outside the country, this effectively freezes the credit report of the individual until they return from overseas service, thus protecting them from identity theft.

If you are serving the country in a military capacity, away from your active duty station, you may enact an "active duty alert" by contacting one of the three credit bureaus: Experian, Trans Union, or Equifax. It is only necessary to contact one company; that company will inform the other two. At that time, you may also designate a personal representative who will act on your behalf while you are away. This alert is active for one year, and may be renewed.

Military personnel who are serving the United States in a time of war have enough to worry about without having to be concerned about identity theft. The Fair Credit Reporting Act leaves them with one less thing to worry about.

?Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to establishing credit, debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding mortgages and home equity lines of credit.

limousine chicago service
In The News:

Credit Card Companies Are Out for Your Money

You're probably thinking "Tell me something I don't know" but... Read More

Bad Checks, Bounced Checks, & NSF Checks

Negotiable instruments like checks and drafts have become an indispensable... Read More

Credit Cards, Merchant Accounts, and Your Bottomline

Q: I'm opening a gift shop and want to be... Read More

What Are the Most Common Ways to Commit Identity Theft or Fraud?

It's the number one source of consumer complaints at the... Read More

Do You Know The Top Five Credit Card Mistakes?

When you're dealing with credit cards, you're playing with fire.... Read More

Credit Repair Kit Sound To Good To Be True? It Is.

A lot of people have bad credit. It is unfortunate... Read More

How You Can Help Prevent Identity Theft

How can I prevent Identity theft from happening to me?... Read More

Finding the Right Credit Card

There are so many credit cards out there to choose... Read More

Making Sense of Credit Card Fees

In addition to the APR (annual percentage rate) and the... Read More

Collection Agencies: What Do They Do?

Collection agencies are businesses that collect past-due bills and accounts... Read More

19,178 Identity Theft Victims Per Day - Are You One Of Them?

Identity theft statistics are shocking. And we are told that... Read More

Automobile Credit Report

When applying for a loan to purchase a car, the... Read More

Getting Married? What Are The Finance and Credit Implications?

There is a big difference between looking after your own... Read More

Preventing Credit Card Mess

Credit card debts problem is extremely common today. It is... Read More

Credit Score: The Brightest Feather In Your Financial Cap

Credit scores are the most important aspect that determines your... Read More

Defeating Credit Card Debt With Self Control

Credit card debt is a major social problem in some... Read More

Commercial Collections And Credit Granting

It is estimated that billions of dollars in delinquent commercial... Read More

Credit Report ? Check Yours Regularly - and for Free

In the twenty-first century, there are few documents that have... Read More

Credit Repair: How To Deal With Your Creditors

If you are in danger of credit problems because you... Read More

Is it Safe to Use Online Car Finance?

Online car finance is convenient. You can apply over the... Read More

Credit Repair, How To

Credit repair, is in a word, vital to reestablishing your... Read More

Learn The Truth About Identity Theft

Identity theft is the fastest growing crime in America, according... Read More

Credit Report Hassles

There is no end to the amount of pain that... Read More

Tired Of Being Broke?...Learn How To Force Banks To Give You Money!

Imagine...obtaining credit that's incredibly easy...opening doors of opportunity you never... Read More

Free Credit Reports Now Available From the FTC

The Federal Trade Commission (FTC) has set up a new... Read More

industrial led bulbs street light prices Pete's produce ..