Transunion Dispute
Back in February, I remember watching a report on 60 Minutes titled 40 Million Mistakes: Is your credit report accurate? The piece focused on a study that indicated that as many as 40 million consumers have a mistake on their credit reports. Correspondent Steve Kroft talked to several individuals who discussed just how hard it is to get any of the credit bureaus to fix mistakes, especially Experian.
Let's start off here with a look into one of the fastest growing crimes in the United States to date, identity theft. In order to properly and effectively monitor your credit report and your identity it is absolutely critical that you first understand identity theft from the traditional methods, all the way up to the more sophisticated digital, or on line methods. The idea here being that an identity thief is less apt to try and exploit a population of consumers that are well informed. Here are some statistics that will help you build a more broad understanding of the epidemic:
Experian, Transunion, and Equifax are the three companies that dominate the credit reporting market, tracking the financial prowess of US consumers. 60 Minutes: 2013 FTC Credit Reporting Study 60 Minutes investigated the stunning number of errors on consumer credit reports and how to make credit report disputes to Equifax, Transunion, and Experian. This information is sold to everyone from employers to insurance companies and creditors.
But an eight-year study by the Federal Trade Commission, released February 11 2013, put the industry under the microscope. FTC chairman Jon Leibowitz called the findings troubling, with 20% of Americans having errors on their credit reports. About one in 10 has an error that would negatively affect the consumer's score.
After entering the number I was instructed that "online disputes are not available for your account due to security precautions, please call our customer service team for assistance". UGH! Step 5 - I thought this would be the most difficult part of the process, but it was quite painless. As a current customer (remember that 7 day free trial), I was routed right away to an agent and told them that I wanted to open a dispute, but was not able to online.
Now that we have taken a look at some of the nasty elements of identity theft, we can glance at the importance of having a professional credit monitoring service to keep a watchful eye over your financial institution:
Credit reporting agencies are being accused of stonewalling customers who are desperate to correct errors. DeWine said the problem isn't making mistakes, but a refusal to fix them. 60 Minutes: Credit Report Customer Service About eight million consumers file disputes every year, visiting the credit reporting websites to begin the process, if they can first navigate sales pitches for financial products offered by the companies. Steve Kroft called a customer service number and got a call center in India, where he was not given much help after a 15-minute phone call to a toll-free number. What about that post office box number?
By taking advantage of a qualified and experienced credit monitoring agency, you can be sure your financial assets and monies are in good hands. You'll also benefit from the advantages mentioned above. The more in tune the consumer is with identity theft and the calculated criminals that take part in it, the better they will be able to sequester both them and their families from the devastation that goes along with it. Bringing on a credit repair agency to protect the very financial foundation of the consumer and their family would be a decision that only a well-informed and wise individual would initiate.
Let's start off here with a look into one of the fastest growing crimes in the United States to date, identity theft. In order to properly and effectively monitor your credit report and your identity it is absolutely critical that you first understand identity theft from the traditional methods, all the way up to the more sophisticated digital, or on line methods. The idea here being that an identity thief is less apt to try and exploit a population of consumers that are well informed. Here are some statistics that will help you build a more broad understanding of the epidemic:
Experian, Transunion, and Equifax are the three companies that dominate the credit reporting market, tracking the financial prowess of US consumers. 60 Minutes: 2013 FTC Credit Reporting Study 60 Minutes investigated the stunning number of errors on consumer credit reports and how to make credit report disputes to Equifax, Transunion, and Experian. This information is sold to everyone from employers to insurance companies and creditors.
But an eight-year study by the Federal Trade Commission, released February 11 2013, put the industry under the microscope. FTC chairman Jon Leibowitz called the findings troubling, with 20% of Americans having errors on their credit reports. About one in 10 has an error that would negatively affect the consumer's score.
After entering the number I was instructed that "online disputes are not available for your account due to security precautions, please call our customer service team for assistance". UGH! Step 5 - I thought this would be the most difficult part of the process, but it was quite painless. As a current customer (remember that 7 day free trial), I was routed right away to an agent and told them that I wanted to open a dispute, but was not able to online.
Now that we have taken a look at some of the nasty elements of identity theft, we can glance at the importance of having a professional credit monitoring service to keep a watchful eye over your financial institution:
Credit reporting agencies are being accused of stonewalling customers who are desperate to correct errors. DeWine said the problem isn't making mistakes, but a refusal to fix them. 60 Minutes: Credit Report Customer Service About eight million consumers file disputes every year, visiting the credit reporting websites to begin the process, if they can first navigate sales pitches for financial products offered by the companies. Steve Kroft called a customer service number and got a call center in India, where he was not given much help after a 15-minute phone call to a toll-free number. What about that post office box number?
By taking advantage of a qualified and experienced credit monitoring agency, you can be sure your financial assets and monies are in good hands. You'll also benefit from the advantages mentioned above. The more in tune the consumer is with identity theft and the calculated criminals that take part in it, the better they will be able to sequester both them and their families from the devastation that goes along with it. Bringing on a credit repair agency to protect the very financial foundation of the consumer and their family would be a decision that only a well-informed and wise individual would initiate.
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New Unique Article!
Title: Transunion Dispute
Author: Derek Goodwin
Email: richjones911@yahoo.com
Keywords: business,finance,credit
Word Count: 598
Category: Finance
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