Credit Bureau sold Tenant Screening Reports to Identity Thieves
Protect yourself with Fast & Reliable Credit RepairIdentity Theft
A consumer reporting agency (credit bureau) that failed to properly screen prospective customers sold at least 318 credit reports to identity thieves. They have agreed to settle Federal Trade Commission charges that it violated federal law.
Under the settlement, the company and its principal must ensure that they provide credit reports only to legitimate businesses for lawful purposes, use a comprehensive information security program, and obtain independent audits every other year for 20 years. The settlement also imposes a $500,000 penalty but suspends payment due to the defendants’ inability to pay.
According to the FTC, the defendants use sensitive financial data from other Credit Bureaus to create reports that landlords use to assess potential renters. These reports contain consumers’ names, Social Security numbers, birth dates, bank and credit card account numbers, credit histories, and other personal information. The Commission alleges that the company failed to properly screen new customers and requested only publicly-available information from applicants seeking credit reports, and it did not request supporting documentation to establish that an applicant was actually a landlord renting property. As a result, identity thieves posing as property owners were given an account with unlimited online access to credit reports, and the account was used to access at least 318 reports containing sensitive personal information.
As you can read, Credit Bureaus make mistakes as well. You have the right to question any information on your credit reports that you feel may be inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased or unclear (“questionable”). If an item cannot be verified, then it must be removed.
Take control of your credit with the top of the line Credit Repair Services of Fast & Reliable Credit Repair (www.frcreditrepair.com).
Marc Williams
Fast & Reliable Credit Repair
Photo from http://www.flickr.com/photos/carbonnyc/57280140/
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I’m so glad that I have almost no control of my information that is collected and sold…
Jake Woodss last blog post..Are you a victim of identity theft or just a dumbass?
Even the best get scammed.
Even the best get scammed.
Sorry… forgot to say great post – can’t wait to read your next one!