“I equate IDTheft to airplane crashes. Rare but the result is devastating on a large scale.”
ID Theft is common and affects millions of Americans each year.
In February 2007, Javelin Strategy and Research released its 2007 Identity Fraud Survey Report. The report is issued as a longitudinal update to previous Javelin Identity Fraud Survey reports and the Federal Trade Commission’s (FTC) 2003 Identity Theft Survey Report.
Survey findings Include:
* The number of US adult victims of identity fraud decreased from 10.1 million in 2003 and 9.3 million in 2005 to 8.4 million in 2007.
* Total one year fraud amount decreased from $55.7 billion in 2006 to $49.3 billion in 2007.
* The mean fraud amount per fraud victim decreased from $6,278 in 2006 to $5,720 in 2007.
* The mean resolution time was at a high of 40 hours per victim in 2006 and was reduced in 2007 to 25 hours per victim. The median resolution time has remained the same for each Survey year at 5 hours per victim.
You have to read the fine print with Freecreditreport.com.
Remember: Nothing is Free, there is always a catch.
Such as... Who do they share your personal information with?
Example Disclaimer:
“PERSONAL INFORMATION
CIC may use your personal information to the extent necessary to process your order and/or engage in business maintenance.”
My Ideaa of fixing Identity Theft is simple
1. Any person who is a victim of Identity Theft that can show to a Reasonable person that a Government Agency knew or should of known that a Social Security number being used did not match name and Birthdate, residence..... Said Victim Shall be Exempt from all Taxes, Fees, Assessments for a period of 5 Years.
2. Any Credit Reporting agency that issued credit report to a creditor that turns out to be related to Identity Theft, Shall be Liable for ALL costs.
3. The Burden of Proof Shall be on the Government to show they had NO RECORD of SS number in any Agency.
Problem Solved
Game Over
Eyeamok
Depending on the definition of ID theft, the total could be much higher. If check fraud and use of stolen credit cards and SS# is included, the numbers approach 10% of the population.