Website Designer
Maternity Clothes
Buy Wicked Tickets
Credit Information

Identity Theft : They Got Him





His hard earned money? Gone. Creditors on his back everyday. Police knocking on his door. His family strained to the breaking point. He didn't do anything wrong but my business partner's life got turned upside down a few years back. He became a victim of what is now the fastest growing crime in the world. Identity theft.

According to the Federal Trade Commission, since 1999 over 27 million people in the US alone became victims of thisepidemic 10 million more last year. Harris InterActive,amarketing research company, reports that between 2002 and2003 roughly 19,178 people per day fell victim.

Your identity can be stolen in many ways. For my partner,the thief gained access to his social security number andaddress then applied for a series of loans in his name. Whenthe bills came due, guess who the creditors and law enforcement held accountable?

He and his family felt the full impact. Identity theft cancripple and even destroy a person's life. Not just the time losstrying to recover your identity but also the out of pocketexpense. U.S.Treasury Secretary John Snow calls identitytheft "the greatest threat to consumers and far moreinsidious and harmful to our national welfare than manypeople realize."

The internet doesn't make it any better with its almostlimitless access to information but a great deal of identitytheft still comes from the offline world. Wherever it comesfrom the goal stays the same. Get your personnalinformation and steal what belongs to you for as long aspossible.

In many cases, this can lead to the victim filing forbankruptcy or worse. As reported by the Orlando Sentinel,one man whose identity got stolen recently spent 54 days injail before authorities realized their mistake.

Yet even when the thief finally gets caught, victims findout all too often the worse part still lies ahead. Therecovery of their identity. For my partner, that meant neverending battles with the same credit bureaus that previouslygave him good ratings.

They destroyed his credit almost overnight eventhough he dideverything they told him to get it restored. The agenciesrefused to clear his record and instead, started sharing hisinformation with each other. His mortgage rates wentthru the roof. He paid more for everything but still gotdeclined. With all of this came the burden and fear of himnot knowing if he would ever recover his identity.

Six years later he finally did. He started working with acompany that within 90 days restored his credit. Hismortgage rate dropped and he went back to paying full pricefor everything like the rest of us.

And like my partner, all of us risk becoming victims. In SanAntonio Texas, television station KENS 5 spoke with a manconvicted of identity theft who warned "Don't take forgranted what you have because anybody could take it away - I mean at the snap of a finger."

He would know. The ways of stealing an identity have turnedthis crime from nuisance to worldwide crisis.

Daryl Campbell is a technical and screenplay writer and CEO of Campbell Marketing, L.L.C. His website winthemarket.com, mini-sites, and articles submitted to ezines help the reader to grow and protect their internet marketing business.

Can you afford to hire professionals who will give you 24/7 protection, complete identity restoration and the best legal services? Identity thieves hope you answer no. Upset them by going to http://digbig.com/4cmcg now.


MORE RESOURCES:

TheStreet.com

S&P upgrades Invesco credit ratings
BusinessWeek
Standard & Poor's raised investment-grade credit ratings for Invesco Holding Co. Ltd. on Wednesday, citing the investment manager's recent performance ...
S&P says may cut AT&T's credit rating by one notchReuters
AT&T Placed on Credit Watch NegativeTheStreet.com
AT&T: Focus On Buybacks Could Spur S&P Credit Rating CutBarron's (blog)
Dallas Business Journal -Phone Plus (blog) -ClaimsJournal.com
all 66 news articles »


Credit Unions Can Do More Small Business Lending, Cheney Says
BusinessWeek
July 29 (Bloomberg) -- Congress should raise the lending limits for credit unions because it would help small businesses and create jobs ...

and more »



The Business Insider

Real Estate Bonds Entice Goldman as Ford Sells: Credit Markets
BusinessWeek
Elsewhere in credit markets, the extra yield investors demand to own corporate bonds instead of government debt fell 1 basis point to 177 basis points, ...
Goldman and Citigroup to Sell $788.5 Million CMBSABC News

all 32 news articles »


Fitch: Credit-Card Charge-Offs Fall For 1st Time In 3 1/2 Years
NASDAQ
Charge-offs among prime-rated US credit-card borrowers fell from a year earlier in June for the first time in 3 1/2 years, according to a reading by Fitch ...
Fitch: No Relapse for US Credit Card ABS; Defaults ReboundPR-inside.com (press release)
SEC Helps Steer Ford Back to MarketWall Street Journal
Fitch Publishes Credit Card Movers & Shakers with May 2010 PerformanceBusiness Wire (press release)
Structured Credit Investor (subscription) -Another Financial Portal
all 63 news articles »



Reuters

Swiss Stocks Rise; Credit Suisse, UBS Jump on Banking Upgrade, ABB Climbs
Bloomberg
The pesticide maker's drop offset Credit Suisse Group AG's 1.1 percent advance after Deutsche Bank AG raised its recommendation for the European banking ...
Gruebel Tops Goldman Sachs With `Don't Lose Any Money' Risk-Mantra at UBSBloomberg
UBS May Lift Fixed-Income TargetsWall Street Journal (blog)
UBS posts second-quarter profit of $1.9 billionThe Associated Press
Forbes -Reuters -Toronto Star
all 588 news articles »


Which Casinos Still Face Credit Woes?
TheStreet.com
NEW YORK (TheStreet) -- Credit woes still loom for casino companies, according to Moody's Investor Services. ...

and more »


AmmoLand.com (press release)

Cabela's Inc. Announces Plans for Store in Edmonton, Alberta, Canada
MarketWatch (press release)
Cabela's also issues the Cabela's CLUB(R) Visa credit card, which serves as its primary customer loyalty rewards program. Cabela's stock trades on the New ...
Cabela's 2Q profit nearly doubles to $18 millionThe Associated Press
Big box outfitting store to open in EdmontonEdmonton Journal

all 103 news articles »


Asia's Bond Issuers Target Record Year
Wall Street Journal
As a reflection of the Asian credit mood, the JP Morgan Asia Credit Index, which include investment and junk-rated companies and governments, ...
Company Bond Returns Trailing Stocks by Most Since February: Canada CreditBloomberg
MultiPlan Offers Debt in Busiest July Since at Least '98: New Issue AlertBloomberg
ANALYSIS-Banks rethink may prompt investor return from junkForexyard

all 10 news articles »

Google News

Home | Site Map |
© 2007