It's scary to think how easy hackers have been able to access thousands and thousands of accounts so easily. From credit card information at gas station pumps, to scanners at airports, we are becoming victims of technology and it seems to be getting worse. For this reason, today we're going to look at how fraud affects your credit score and what you can do about it!
Has this happened to you:
you're at the car dealer or Lender's office waiting to hear that you qualify for a great low rate, but instead of good news.. you're slapped with a high rate and/or denied for the loan because you have
Hopefully this doesn't hit close to home for you, but it does happen and we've had clients that have fallen victims to Fraud and had no clue it was happening.
This is a main reason why you should have your credit report checked at lease twice a year so that you can be aware of what's being reported to the credit bureaus, Experian—Transunion—Equifax
Too many inquiries at once will drop your credit score, so it's a good idea to check who, what, and when placed a credit check on you. The Inquiry section of your credit report will show Who checked/ran your report and the date they did it on. If you are unfamiliar with any of these inquiries and did not give any authorization for them to run your credit check, then those need to be removed.
Newly opened accounts that you are not aware of and have not applied for are a red flag that someone is using your identity. Chances are that these accounts have been maxed out and are affecting your credit score due to high balance(s)—these accounts are fraudulent and need to be deleted asap!
Don't allow yourself to be a victim of Identity Theft and allow this kind of fraud affect you and your credit score
What can you do about it?
By following these simple steps, you can prevent identity theft and fraud
Hopefully with these easy to follow steps, you can avoid being a victim of Identity theft and keep your credit score in great standings
A+ Credit Restoration
Helping our clients re establish their credit so that they can achieve their goals
We try to accuracy inform the public with valuable information that can benefit them, But if you see something that doesn't look right-- please let us know