Complete the Credit Protection and Identity Theft Worksheet.
Submit your assignment to the Assignments tab.
1. If you find errors on your credit report, what steps would you take to correct them?
2. There are many organizations that claim they will repair your credit for a fee. From your readings, should someone use a credit repair service? Why or why not? What are some actions these organizations can take that should be a red flag?
3. Have you, a family member, or a friend been a victim of identity theft? How did it happen? Describe the resolution process, i.e., how much time did it take, what credit damage was corrected?
4. Using the FTC site, what can you do to minimize the chance of your identity getting stolen?
Based on my personal experience, I had an inaccuracy on my credit report when I was trying to applied for a loan with USSA credit union. I didn’t get authorized for a loan even though three month prior I was authorized and had a very low interest due to my high credit score. Couple days later, I received a email at my yahoo email address explaining why my present-day credit report dropped at the most in very bad points
