The credit repair law affects people who have been made
victim of identity thieves and who now have a bad credit rating as a result of it.
There is also the
risk of identity thieves stealing credit cards and using them to buy virtual coins and banks being unable to get their money back.
To protect yourself during this difficult time, you may wish to sign up for credit monitoring or other services to keep you one step
ahead of identity thieves and unscrupulous debt collectors.
These inaccuracies could just be mistakes or they could be the
sign of an identity thief who has been using your name to take out loans and for other reasons of financial gain.
Dealing with Debt Collectors When you are a victim of identity theft, there is a strong possibility that you will eventually receive contact from debt collectors looking for payments for debts that occurred by
means of the identity thief.
RFID blocking travel accessories, such as money belts, come with a special RFID blocking inner layer to block illegal scanning of your data, so you can rest assured that your personal data and bank information doesn't fall into the hands
of an identity thief during your travels.
Thankfully, most banks and financial institutions are savvy enough to monitor your accounts and intercept strange activity before you have to, but don't relinquish responsibility to them; the more
experienced of identity thieves may nonetheless still slip by your bank's watchful eyes with relative ease.
Because dubious activity may signify fraud or identity theft, the credit - monitoring service notifies you within 24 - hours (or earlier) to help reduce the problems caused when your private information falls into
hands of an identity thief.
(One
of identity thieves» favorite tricks is to sign up for a change of address in your name, so they can re-route pre-approved credit card offers to your «new address.»)
For example, the British firm Garlik uses Semantic Web software to compare previously incompatible databases to alert subscribers that they might be the target
of an identity thief.