Hello forum members, here is very helpful information on identity theft, I hope it will be helpful.
The FTC reports that it takes an average of 12 months before a person realizes that he is an identity theft victim. By that time, you would have received several calls from collection agencies about accounts that you don't recall ever opening.
So why wait until much damage has been done? Why not prevent the crime from ever happening in the first place? It is time for you to fight back against identity theft and identity fraud and take back what you have lost from these criminals.
A credit monitoring service is your alternative to making sure your information is protected from these criminals. The service will alert you, generally daily or weekly, to changes in your credit. By doing so, it will help you stop the theft before it gets out of control.
This is not to say that the credit monitoring service is the one sure method to prevent identity theft. However, it does play a vital role in reducing the impact or damage that identity theft has on your credit and your good name.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.