Tag Archives: Life

How Internet Identity Fraud Destroyed One Man’s Life

In less than half a year, Dave Crouse went from living a secure middle class lifestyle to facing financial bankruptcy – and it all happened online.

“It’s been a nightmare,” says the 56-year-old Bowie, Maryland resident who had $ 987,000 billed to his debit card and accounts opened in his name linked to his bank account. Crouse’s once robust credit score of 780 is gone . His financial particulars has been made unrestricted. “Even though my identity has been destroyed, they’re still using it today,” he explains .

ID Theft Reaches New Highs

What happened to Crouse may be a worst case scenario . But identity fraud isn’t out of the ordinary. Crouse is one of over 11 million adults – one in 20 Americans – who were victims of identity fraud in 2009. As stated by a recent study by Javelin Strategy and Research, the price was a whopping $ 54 billion, making identity fraud one of the quickest growing crimes in the country.

Similar to millions of Americans, Crouse loved to bank and shop on the internet. Using a wireless Internet connection at home, he auctioned on http://eBay.com, downloaded songs from a music website and used his debit card like a credit card.

Crouse thought he understood how to protect his online privacy . He installed virus protection software and kept it up to date. He transferred important financial details to a backup drive and not once wrote down his banking password. Crouse also shredded his financial documents . “You think you’re safe,” he states. “You think you are protected.”

In February of 2009, his bank account started displaying a negative balance. Crouse started noticing small unfamiliar charges on his statements. Eventually they accrued to thousands of dollars. “I was going to the bank every day and looking at all the charges,” he recalls .

When Crouse opened an account at another bank, the very next day both accounts were debited $ 1,100. Lots of the charges were for internet purchases or from Cyber gambling sites. Third party charges appeared from Dell, Exxon, T-Mobile, Sprint, AOL and Best Buy. Some were for items delivered to out of state addresses.

In the spring of 2010, Crouse was shocked when he got a call from an Ohio police investigator who informed him that his credit card information had been found in the trunk of a vehicle during a narcotic and guns arrest.

Now, he has a pile of bills 12 inches high for charges that he never made. “I will never be able to make a big purchase like a car or a house again,” he explains.

If your credit card is taken, a call to your card company to get a replacement issued will generally limit your liability . But if your identity is stolen , there’s no easy or even permanent solution.

Identity Thieves Are Targeting Online Details

As more individuals similar to Dave Crouse are conducting their fiscal and leisure time activities online , identity thieves are targeting information that’s sent over the Internet.

While shredding financial papers provides some protection against off-line identity fraud, in the online arena nothing is temporary. Your identity exists in hundreds of locations there.

Thieves have a variety of hi-tech tools to take your information on the web. Malware that you unknowingly downloaded in an email file or in a music download can record your keystrokes, revealing your passwords and economic information. You’re also an easy mark for computer criminals if you connect to the Internet at public wireless zones without using a virtual private network (VPN) to protect your information.

Dave Crouse wishes that he’d known that before he put his identity online. He’s paid $ 100,000 trying to repair his finances ; and his retirement and savings accounts have been depleted.

These days , Crouse lives modestly, paying cash for regular expenses and having bills automatically taken from his checking account. “I’ve gone back to living like I did in the 70s,” he explains.

For his 60th birthday, Crouse was eager to take a cross-country biker trip . That dream has evaporated along with his identity. As a result of his credit fraud problems , Crouse lost his security privileges; and with it, any hope of getting high salaried employment as a government contractor. He expects that it will take him five years to get out of debt. “I will probably have to work until the day I die,” he states.

Dave Crouse has this warning for individuals who believe their personal information is protected online: “Every time you sign on, you are opening your door to someone to take your life away from you. It’s like opening your wallet to strangers,” he states. “And it’s only one click away.”

Take Action

If you believe you’re the causality of online identity theft or identity fraud, take precautions to secure your online safety. Run a complete virus scan. Put a freeze on your credit with the three credit reporting agencies. Don’t use any confidential information online.

If you’re connecting to the Internet at public WiFi hotspots , make sure you have a virtual private network (VPN) to protect your online privacy. These groups can help you combat against identity fraud:

http://www.identitytheftresourcecenter.org

http://www.ftc.gov/bcp/edu/pubs/consumer/idtheft/idt07.shtm

http://www.ic3.gov/default.aspx

Jan Legnitto is an investigative journalist and documentary producer who writes about criminal justice and intelligence issues. Jan is also a frequent contributor to the Private I blogs on Private WiFi.

Find More Credit Fraud Articles

Reorganizing Life Afresh Under Bankruptcy Law

It is really not uncommon to see folks engaging in debt. Financial obligation, though excruciating, just isn’t uncontrollable. If you take some wise measures they could be cleared, and those indebted can place their particular financial standing back purchase, supplied there is a foreseeable earnings arriving. In some circumstances it is not feasible however. The reasons can be, the debts are way too large the affected to undertake or just anyone can be incapable of stand harassment anymore. Thinking within the problem and delaying activity just contributes to woes. For individuals such as these, the best option would be to look for appropriate redress by filing chapter 7 before a competent courtroom.

Filing a bankruptcy proceeding in a qualified court – a Federal Court in Florida including, guarantees immediate defense against creditors using fee within the filer’s properties. Others reliefs they get add, defense against creditors attempting to just take repossession, stopping energy companies from discontinuing services, property foreclosure of loan by lenders, removal of liens oftentimes or alterations to payment schedules as well as exemption from paying unpaid accident claims awarded by courts. If you are those types of impacted by unmanageable debts and live-in Florida, after that, you really need to employ among bankruptcy lawyers in Florida straight away.

Once you seek bankruptcy relief proceeding, the very first relief you can get is a computerized stay, also it binds everybody else that have a stake inside it. Typically, because of procedure takes about 3 month is finished before the filer is finally discharged from all responsibilities. There are two chapters under which bankruptcy proceeding is filed – Chapter 7 and Chapter 13.

once you submit an application for bankruptcy under section 7, also referred to as ‘straight’ or ‘liquidation,’ all creditors, including credit card issuers, suit plaintiffs and doctors, and others are barred from recouping their funds from you right. It really is complete and you will begin afresh from scrape. But, ahead of the court eventually discharges you, it will probably apply the means test to test if you’re acting in good faith. Earnings less than hawaii median for six months preceding application, presumes you might be acting in good faith; otherwise the courtroom will test thoroughly your application at greater depths before carefully deciding.

Chapter 13 is drastically various when compared with Section 7. its more info on reorganizing the applicant’s funds. Usually, the courts enables between 3 and five years when it comes to filer to repay debts considering current income levels and so what can be apportioned to generally meet debts. Usually the court draws an action want to which every stake owner is supposed to be obliged to abide. Although the conditions of part 7 and Chapter 13 for the legislation of bankruptcy be seemingly transparent, you can find subdued nuances for you to get relief under all of them. Personal bankruptcy solicitors in Florida can guidance you about what is most beneficial for you.

Most of people in Florida file for bankruptcy under part 7, though it is the prerogative associated with the process of law to host or to issue a directive to be taken up under section 13. The largest advantageous asset of section 13 is you can easily wthhold the games to your possessions, however must show you ability to program the debts as directed because of it.

Personal bankruptcy attorneys in Florida focus on managing exclusive personal bankruptcy cases and assured you of perfect legal services during filing personal bankruptcy situation. To learn more about bankruptcy provisions of Chapter 7 and Chapter 13 go to www.filebankruptcyflorida.com

Discover More Personal Bankruptcy Articles

How A Credit Rating Score Downgrade Impacts Your Life

credit rating
by Web Archive Publication Images Why do credit history rankings play such a necessary role in our everyday lives?Credit rankings are necessary because it suggests just how likely a private, an organisation, a city, a region, a state, or even a country is able to settle a financial debt. Every one of these entities has a credit scores ranking and also depending on positive or adverse variables a rating can be upgraded or downgraded.For instance, the United States had actually always kept a leading rate AAA credit history score yet lately one of the major credit-rating agencies, Criterion & Poor, downgraded our nation’s credit report rating for the very first time.As an outcome The U.S.A.’s cost of borrowing increased by billions of dollars each year, which unavoidably impacts consumers with greater rate of interest and borrowing costs.It’s obvious that cannot address our long-term financial debt activated The U.S.A.’s downgrade according to S&P. While our country still has an extremely strong

AA+debt rating, this historical move has impacted our country significantly.As consumers we have our own personal credit rating scores to be concerned about. A downgrade of our personal credit history can influence our lives tremendously.In particular, FICO ® scores are the most commonly made use of

credit scores on the planet. It is identified as the standard step of non-mortgage consumer debt risk.You have one rating from each of the significant consumer debt agencies. This tiny 3 digit number ranges from 300-850 with 725 + taken into consideration the beginning factor for outstanding credit history risks.Your rating is computed each time it is asked for; either by you or a lender.

And each time it is determined it’s taking the information that gets on your credit history record during that time. So any kind of negative changes to your credit report records can activate a downgrade.How much your rating changes depends by a variety
of elements such as missing a settlement, sustaining too much financial debt, declaring bankruptcy, excessive inquiries, etc.Here are some instances of just how a credit scores rating downgrade could affect your life:1)Anticipate to pay 20-30%more in premiums for vehicle insurance policy.2 )Rates of interest for individual car loans can be between 17-26 %.3)Over 70% of major business will certainly examine your credit score as part of work screening. A downgrade could influence your opportunities of obtaining a work.4)It could avoid you from

obtaining housing given that many rental home owners inspect credit scores during the occupant testing procedure.5)You may be needed to pay a down payment when opening up an account for utility services.6 )It can stop you from obtaining a trainee financing.7 )With a credit report score downgrade you could be denied for a normal cell phone agreement and also be required to use a pay-as-you-go agreement.As you can see getting your credit report devalued impacts you in even more methods compared to one.
However, there are steps you could take to recuperate and also boost your scores.First, get a duplicate of your totally free annual credit scores records from each of the major customer credit history agencies
. Secondly, evaluate your reports as well as start a dispute if you discover any type of inaccuracies.Finally, start

rebuilding your credit scores reports and also examine the pamphlet”Comprehending Your FICO ® score” to get a better expertise of the credit rating scoring process.Don’t obtain discouraged since you can recover your strong credit report rankings as
long as you take the essential steps and placed the time and also energy required making it occur. Marco Carbajo is creator of the Organisation Credit rating Insiders Circle.

For more details on enhancing your credit history ranking scores browse through Marco on Twitter @MarcoCarbajo or visit his blog site for even more pointers on restoring poor credit history.

Life After Bankruptcy, Using Credit Cards To Rebuild Credit

A lot of people have no idea that you can use charge cards to reconstruct credit after personal bankruptcy. Do not let your scenario make you experiencing frustrated. Anyone gets the possibility of finding on their own within situation. Why don’t we get started with your lesson about how to make use of charge cards to rebuild credit.

First, the great News

The very good news is the fact that it is not the termination of the entire world. There is certainly ways to regain the life span you when had before bankruptcy. Without ability to maintain positivity regardless of your situation you can not move forward. You have to start out over when it comes to your credit, but at least you will be provided another possibility.

Rebuilding Trust

You will find there are credit companies which is willing to provide to you personally after bankruptcy. If your planning to utilize bank cards to reconstruct credit you can expect to pay high-interest in the money you borrow. You simply need establish trust by simply making regular punctually payments.

Responsibility And Restraint

The concept is that you will soon be settling the debt in full monthly. The credit lender will soon be considering your ability to exercise restraint and duty. Allow the lenders know that you get some real modifications.

A Final Option

Another option that can be used is to apply for a secure credit card. A secure credit card is usually secured making use of a savings account. The resources might advertised because of the loan provider in the event that you default on your own payments. This permits the creditor the capacity to accept riskier individuals.

Be Patient

It may well not take place as fast as you’d like exactly whatis important is you can utilize charge cards to reconstruct credit. Mistakes tend to be an integral part of life you must attempt to maybe not result in the same mistakes once more. By remaining diligent and persistent you’ll see your credit enhance over time.

To get most useful results when utilizing credit cards to reconstruct credit you need to learn to properly try this or you could make things even worse. Browse our blog site Most Useful 0 Percent charge cards to obtain most of the FREE information you need.

How To Use Personal Finance In Your Life

Personal financing is a difficult task to take on, but it can be very worth it when you see all of the benefits involved. You can manage all of your financial things on your own, including but not limited to loans, retirement fund, college funds, and plenty more. Personal finance has risks, but more benefits.

Personal finance should not be jumped into without consideration and preparation. It requires knowledge of financial matters as well as motivation and organization skills. You should also be capable of knowing how to communicate very effectively. Communication will be a key factor in how you get certain financial things taken care of.

When you start, you should do as much research as you can on personal finance. Books, and the internet are the best places to start looking for crucial information on topics that you need to know about. This information that you learn will greatly help your chances of being successful at personal finance.

What you already know, and your capacity to learn more will play a large role in your ability to do personal finance. If you are a procrastinator as well as someone who is not very organized, you probably wont be able to do this successfully for yourself. Personal finance is a great opportunity for those who are qualified to learn much more, and to be in complete control of their life.

When you are ready to start your personal finance for yourself, you should set up plenty of financial goals and milestones to complete. Long term ones and short term ones should match each other, so that you have stepping stones to use to meet the big picture goals. Simple things like retiring at 50 can really make a difference. You need these goals to keep you on track with personal finance, or you could find yourself in a tight spot.

If you are having trouble understanding certain concepts, you can always seek a professional for advice. Many are willing to do so for a small fee, and some will do it at no cost to you. Tutorials, free information, and general guidance can help tons with making sure you manage your financial situations efficiently.

Closing Comments

Personal finance is being used more and more as banks are becoming less trustworthy. Personal finance is a big responsibility, but you can come out of it much more wealthy and with more experience behind you.

Learn more on personal loans and personal loan.

See all tips here: http://www.gobankingrates.com/personal-finance/6-things-dave-ramsey-says-should-money/

If you’ve ever been drowning in money problems, you’ve probably heard of Dave Ramsey. He’s a personal finance expert, radio show host, author of numerous best-selling books (like “The Total Money Makeover” and “Financial Peace”).

We rounded up a list of the best money tips Dave Ramsey gave in the past year to help us get better at finances in 2015 — whether it’s getting out of debt, saving money or finally sticking to a budget.

Find us online!

Website: http://www.gobankingrates.com
Twitter: https://twitter.com/GOBankingRates
Facebook: https://www.facebook.com/GOBankingRates

About GOBankingRates:

We make personal finance easy! Follow us for the best rates and tips from our financial experts on how to save money, get out of debt and grow your wealth.

Mortgage Free For Life Info

To Retirees Who Should To Be Mortgage Free For Life But Don Not Know How To Start

Are you planning to retire but still have a huge mortgage payment in retirement?

Do You Know The Next Step?

Do you know the ins and outs of the stock market? Well for most of us we are only good at contributing money to our savings and 401k plans. And thats about it.

Do you consider yourself a financial whiz kid when it comes to investing in the stock market?

It is not your fault. You are just not given the right information.

But heres is our responsibility. We need to set a clear goal and target and communicate this in order to grow enough money to retire.

The reality is, your home is still the best investment you can make. Value may drop but unless you are selling the property, there is no loss to you. The trick is to use the Mortgage Free for Life system.

The Rewards of A Final Payoff

Why would you want to hang on to that large monthly payment if you didn’t have to? Outright ownership means no more mortgage and loads of money in your pocket. Using Mortgage Free for Life can speed up the process.

Spending more of your paycheck each month on your mortgage is one way of paying off your mortgage faster.

But that means not having extra cash to invest or spend.

Do you really want to increase mortgage payments and leave yourself without money every month?

Dont forget that though you want to pay off your mortgage faster it makes financial sense to have a balanced portfolio and invest at the same time

Wise investments can produce great returns over the long run and can provide a better return than paying off your mortgage. But do you know you can actually pay off your mortgage faster without spending more or changing your lifestyle and reap the rewards of being mortgage free for life?

Accelerate Your Investment Power

Paying off your mortgage in under half the time is easily achieved by using the mortgage free for life system.

The method takes into account that the all banks and financial institutions charge you a significant amount of interest and fees upfront.

Using a mortgage acceleration system like Mortgage Freedom for life, you could easily save thousands in interest rather than paying this to the bank. And you can slash your mortgage, and pay this in record time.

The best way to find out if the mortgage acceleration program would work for your situation is to use a mortgage acceleration calculator. Just plug in the numbers and see how fast you can slash years of your mortgage.

And here is the real secret behind the mortgage acceleration program

And the way to pay off your mortgage without spending more is to use a Home Equity Line of Credit (HELOC)

One way to pay off your mortgage and live mortgage free for life is to use a HELOC. In this economy the real savings is that HELOC rate of interest are at their lowest point in their last 55 year history. Therefore using a HELOC as a checking account you could end up paying off your mortgage savings thousands in interest. Not you mention you can eliminate your payment in half the time.

You may be tempted to refinance your mortgage to drop your monthly payments. It makes sense to do so when your mortgage rates have dropped. By refinancing it does not make any difference to the term of the mortgage. The mortgage has to be repaid.

Life Without A Mortgage

If you have kids imagine them finishing college without taking a lifetime to pay off debt. That would be one of the biggest gifts that any kid would like to have especially when they are just getting started in life.

Another way could be to use the equity in your home to buy an investment property. Imagine having the ability to fund a deposit on an investment property, and earn a steady stream of cash flow for life.

Take action with the Mortgage Free for Life Program. It is the safest investment there is to slash years off your home without spending more or changing your lifestyle.

All the underground, ninja stealth tactics for mortgage free for life can be yours! Check out this free website Mortgage Free For Life before they try to shut it down.

Related Mortgage Articles

In Debt We Trust Documentary – English Documentary -How Money and Credit Control Your Life

< param name="allowFullScreen" value="true"/ > Financial obligation is like an illness that could allow us from living a pleased and normal life by taking control over our lives. The majority of us do not also know how we end up in the circumstance we remain in. Getting every thing we have with credit has actually become our society. However do not let debt control your life anymore. You can take over your life once more. Visualize life with out debt!
Video Rating:/ 5