Paying your bills online has become an acceptable process for the American consumer. Unfortunately, because of the high exposure to credit card fraud and identity theft, the average consumer has learned to carefully scrutinize their online transactions.
Nowadays, in order to avoid being a victim of identity theft, it is imperative to examine your credit card accounts to protect your finances against such heinous crimes. Be sure to review your monthly credit card statements for errors and possible fraud .
The Fair Credit Reporting Act (FACTA) that was passed in January 2004 mandated the credit reporting agencies to provide consumers with a free copy of their credit report. This Act was passed to protect consumers that have been abused by a fractured system. Fortunately there are nonprofit groups that have taken on the responsibility of increasing consumer rights beyond credit card fraud and identity theft.
The Privacy Rights Clearinghouse is a nonprofit consumer rights and advocacy organization that assists consumers in understanding their rights as related to:
- Identity theft and data breaches
- Credit and Credit Reports
- Debt Collection
- And more….
If you are a victim of identity theft, be sure to read the Federal Trade Commission’s information on preventing identity theft.