Category Archives: Identity Theft

Establishing Credit for your Business

Dear Michelle, What is the most expeditious way to establish business credit without the need for a personal guarantee? Thank you! Eric Dear Eric, You should apply for credit under your business name with vendors you are currently working with … Continue reading

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Posted in Ask Michelle, Business Credit, Collections for Creditors, Credit Crisis, Credit Crunch, Customer Service, Dealing with debt collectors, Economic Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Identity Theft, Improve Your Credit, Know your Debtors | Tagged , , , , | Leave a comment

Do you know your credit score?

I recently heard of a company called FreeScore that provides credit scores, credit reports and consumer credit information as well as identity theft protection services.  I signed up to check it out and was excited to be able to get … Continue reading

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Posted in Credit Crisis, Credit reports, Education, FAQ's, Helping Debtors, Identity Theft, Improve Your Credit | Leave a comment

How Identity Thieves get your Social Security Number

Your social security number is confidential until YOU give it out.  You should be VERY careful about giving out your social security number and do not carry your social security card in your wallet.  Identity thieves can get your social … Continue reading

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Posted in Education, Identity Theft | Leave a comment

How to Prevent Identity Theft

Being aware of Identity Theft is the first step towards prevention.  There are simple and easy things you can start doing right away to help prevent identity theft from happening to you.  Once you are aware of the things you … Continue reading

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Posted in Credit Crisis, Education, FAQ's, Identity Theft | Leave a comment

How to Identify Fraudulent Postal Money Orders

With Identity Theft on the rise we all need to be educated on how it happens, what we can do to prevent it and what to do if it happens to us or someone we know. U.S. Postal Money orders … Continue reading

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Posted in Credit Crisis, Economic Crisis, Education, Identity Theft | Leave a comment

What Businesses must Provide Regarding Identity Theft

The Fair Credit Reporting Act tells victims of identity theft what their rights are as well as informing businesses what their responsibilities are.  Many business owners are not aware that identity theft victims are entitled to ask a business for … Continue reading

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Posted in Compliance, Identity Theft, Red Flag Rules | Leave a comment

How to comply with Red Flag Rules – Part 2

If you have signed credit applications, personal guarantees, or any paperwork with personal information for your customers, keep it under lock and key. This can include invoices, receipts or statements. Take stock of what personal information you have in your … Continue reading

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How to comply with Red Flag Rules – Part 1

The FTC estimates that as many as 9 million Americans have their identities stolen each year, leading to over $56.6 billion in costs. According to the Better Business Bureau, the average amount lost to fraud per case has increased from … Continue reading

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Just what are the "Red Flags"?

Just what are the “Red Flags”? According to the FTC’s final rule, the red flags can be but are not limited to: Alerts, notifications or warnings from a consumer credit reporting agency. Suspicious documents, such as those that may appear … Continue reading

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How the Red Flag Rules Impact your Business

The Red Flag Rules are rules that apply to financial institutions and creditors who offer or maintain one or more covered accounts. The rules specifically mandate that these financial institutions and creditors create and implement identity theft prevention programs to … Continue reading

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Posted in Compliance, FAQ's, Identity Theft, Red Flag Rules | 2 Comments