New Ill. Law Effective Jan. 1 Will Help Prevent Identity Theft, Official Says
Midwest News • December 28, 2006
Beginning Monday, Jan. 1, Illinois consumers will have access to a new tool to stop identity thieves from opening new credit in their names.
The new law will allow all Illinois residents to place ...
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Subject: CREDIT FREEZES GREATLY REDUCE THEFT
Posted On: December 28, 2006, 11:43 am CST
Posted By: D.S.
Comment:
Definition of "racket":
"A business making money by selling a solution to a problem that it created."
For years the credit bureaus and data brokers have been selling people's information. This information is sold to strangers, who then issue credit to other strangers WITHOUT the rightful owner's knowledge or permission.
What part of what they are doing ISN'T a racket? They expose people to crime and then turn around and sell their victims credit monitoring services so they can see who they were sold out to? YIKES. WHAT IS WRONG WITH THIS PICTURE?
WHY were they EVER allowed to do this in the first place? How are we supposed to keep our information safe when we cannot protect our own information from strangers? CREDIT FREEZES ARE LONG OVERDUE.
The FTC says that ID theft was the TOP crime for the past SIX YEARS IN A ROW. I.D. theft has now become the number one crime in the world. The IRS, Treasury, VA, Military, Colleges, etc. have all been victims. Will the president of the United States need to become a victim before the data brokers are stopped from compromising our security AND even NATIONAL SECURITY?
It is time that the credit bureaus and data brokers were held responsible for their part in exposing so many millions of people to I.D. Theft. CREDIT FREEZES are long overdue for citizens in EVERY state in the U.S.. Not on a 'piece meal' basis. We need active legislation NOW. Not tomorrow.
I find it remarkable that no one has yet filed a class action lawsuit against the credit bureaus/data brokers. It is time this golden goose was taking away from those who placed us at risk in the first place. Contact your elected officials and demand the right to keep your own information out of thieving hands.
Subject: CREDIT FREEZES GREATLY REDUCE THEFT
"A business making money by selling a solution to a problem that it created."
For years the credit bureaus and data brokers have been selling people's information. This information is sold to strangers, who then issue credit to other strangers WITHOUT the rightful owner's knowledge or permission.
What part of what they are doing ISN'T a racket? They expose people to crime and then turn around and sell their victims credit monitoring services so they can see who they were sold out to? YIKES. WHAT IS WRONG WITH THIS PICTURE?
WHY were they EVER allowed to do this in the first place? How are we supposed to keep our information safe when we cannot protect our own information from strangers? CREDIT FREEZES ARE LONG OVERDUE.
The FTC says that ID theft was the TOP crime for the past SIX YEARS IN A ROW. I.D. theft has now become the number one crime in the world. The IRS, Treasury, VA, Military, Colleges, etc. have all been victims. Will the president of the United States need to become a victim before the data brokers are stopped from compromising our security AND even NATIONAL SECURITY?
It is time that the credit bureaus and data brokers were held responsible for their part in exposing so many millions of people to I.D. Theft. CREDIT FREEZES are long overdue for citizens in EVERY state in the U.S.. Not on a 'piece meal' basis. We need active legislation NOW. Not tomorrow.
I find it remarkable that no one has yet filed a class action lawsuit against the credit bureaus/data brokers. It is time this golden goose was taking away from those who placed us at risk in the first place. Contact your elected officials and demand the right to keep your own information out of thieving hands.