Huge Increase in Tax Identity Theft, New Helpful FTC Website, IdentityTheft.gov

Huge Increase in Tax Identity Theft, New Helpful FTC Website, IdentityTheft.gov Identity theft fraudsters used to steal consumers’ credit card information and run up charges. They still do, but now the fraudsters are stealing identity information to file fraudulent tax returns to get tax refunds in large numbers. In 2015, about 43% of the Federal Trade Commission’s complaints were related to use of stolen identities to get others’ tax refunds. Fraudsters also use someone else’s children as dependents in filing their tax returns to lessen their tax liability. Other crooks claim a tax refund using a deceased taxpayer’s information. Still...

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Experian Wrongly Says Brooklyn Doctor Owes $22M

Experian Wrongly Says Brooklyn Doctor Owes $22M A Brooklyn doctor has sued Experian saying it mixed his credit files with fraudsters. Experian is reporting he owes $22 million on accounts that do not belong to him. The New York Post is reporting on the case. Experian says he has 47 mortgages, but they are from borrowers with different names and social security numbers. Plaintiff is Dr. Joseph Cannavo. His credit files are linked to those of José Cannahui and Joseph Canty. Incredibly, Experian refused to correct the doctor’s credit report. Trans Union and Equifax are not reporting any of the...

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Oregon Jury Awards Consumer over $18 million in Mixed File Case

Oregon Jury Awards Consumer over $18 million in Mixed File Case Mixed files cases are ones in which the credit bureau intertwines the credit files of one person with another. When this happens, the bureau has no one to blame except itself. Last week, an Oregon jury awarded Julie Miller $180,000 in actual damages and $18.4 million in punitive damages against Equifax. The Oregonian story is here. Ms Miller contacted Equifax eight times between 2009 and 2011 in an effort to correct inaccuracies, including erroneous accounts and collection attempts, as well as a wrong Social Security number and birthday. Yet...

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Social Security May Make it Easier for Kids to Get New Numbers if their Identity is Stolen

CreditCards.com has an informative a report on a proposed rule that could help kids replace stolen Social Security numbers. An incredible number of kids’ social security numbers have been stolen so the thieves can get employment, credit cards, or to collect tax refunds. Thieves like to steal kids’ socials because usually no one checks their credit reports. A Carnegie Mellon University report estimated that 10% of children have had their socials used by someone else. This is a rate 51 times higher than adults! Persons seeking to change their social security numbers have met great resistance from the Social Security...

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Credit Reports Tag Consumers as Terrorists or Drug Dealers

Reports by Trans Union to creditors sometimes mistakenly tag law-abiding consumers as terrorists or drug dealers. The reports are not the normal credit reports consumers and lenders obtain on consumers. The reports are special reports Trans Union sells to lenders as method to screen consumers so the lenders are in compliance with the USA Patriot Act regulations. Attorney Andrew Ogilvie of this firm and co-counsel at Francis & Mailman, a Philadelphia law firm, have filed a class action in the federal district court in San Francisco alleging that Trans Union’s practices are in violation of the Fair Credit Reporting Act...

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