Credit Refusal and Identity Theft Prevention

by Radek M. Gadek · 0 comments

Uh-huh, even the individual that is refused credit can prevent identity theft. The only catch is that there is a time limit. Perhaps you have applied for credit and you were denied. How would you like to know about something that very few people know about. It would be cool? Wouldn’t it? Here it is. Did you know that according to the Federal Trade Commission (FTC) you are eligible to obtain a free credit report if a company takes unfavorable action against you, for example rejecting your application for credit, insurance policy, or employment, derived from information in your report? I feel that some of you didn’t know this and those who did I urge you to stay humble. I consider this is great news. Moreover, it is the law that this right is provided to you.

Identity theft prevention won’t wait forever

In order to prevent identity theft after denied credit it is essential that you request your report within 60 days of receiving notice of the action. Consequently, if you are refused credit, insurance, or work you will just have to reach one or all the three major credit bureaus (depending which credit bureau was utilized to verify your credit file at the time of your application). Generally the notification should have the info about how to contact the entity.

Contact info for the “big three” credit report bureaus

Equifax-800-685-1111
www.equifax.com

Experian-888-397-3742
www.experian.com

TransUnion-800-916-8800
www.transunion.com

A supplementary identity theft prevention incentive for some

Consumers in Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey, and Vermont have complimentary access to their credit information. If you reside in one of these states give thanks to your lawmakers as it is a state law granting consumers the free credit reports. Kudos!

Leave a Comment

Previous post:

Next post: