Identity Theft ? Additional Protection for Soldiers on Active Duty

Congress passed the Fair Credit Reporting Act several years ago in an attempt to smooth out some problems in the credit reporting industry. The best known provision of this Act is one that permits Americans to receive a free copy of their credit reports from each of the three main credit bureaus once per year. So far, this provision of the Act has been a success. A lesser-known provision of the legislation is one that is intended to protect active duty military personnel from being victimized by identity theft while they are out of the country.

Identity theft is a crime committed by someone who obtains personal information from a victim and then uses that information to obtain loans or credit in the victim's name. While the thief is making off with the money, goods, or services, the victim is left with the bills. Being a victim of identity theft can be difficult for anyone, as it often takes several years to undo the damage done to the victim's credit report. Identity theft can be even more difficult if the victim is an active duty soldier serving outside the United States. The average victim of identity theft takes nearly a year to discover the crime; it will undoubtedly take even longer if the victim is outside of the country. The amendment to the Fair Credit Reporting Act allows active duty personnel who are away from their main duty stations to place an "active duty alert" on their credit reports. The presence of this alert requires any creditor to verify the identity of the borrower prior to granting credit in his or her name. Since it isn't usually possible to contact a soldier who is outside the country, this effectively freezes the credit report of the individual until they return from overseas service, thus protecting them from identity theft.

If you are serving the country in a military capacity, away from your active duty station, you may enact an "active duty alert" by contacting one of the three credit bureaus: Experian, Trans Union, or Equifax. It is only necessary to contact one company; that company will inform the other two. At that time, you may also designate a personal representative who will act on your behalf while you are away. This alert is active for one year, and may be renewed.

Military personnel who are serving the United States in a time of war have enough to worry about without having to be concerned about identity theft. The Fair Credit Reporting Act leaves them with one less thing to worry about.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to establishing credit, debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding mortgages and home equity lines of credit.

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.kcbs.com/California-s-Credit-Questioned/3120028cid=1256289736ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNE-Wb-ZjiGLEkPTKCMAeW7hFsDc5Aimg src=http://news.google.com/news?imgefp=rFakr5AHXp8Jimgurl=imgsrv.kcbs.com/image/DbGraphic/200810/1085086.jpg width=80 height=60 alt= border=1brfont size=-2KCBS/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.latimes.com/business/la-fi-calif11-2008oct11,0,7507724.storycid=1256289736ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNFrCrS6qF37tJnFFlfLPGMXBTk46AState placed on bcredit/b watch ahead of upcoming bond sale/abrfont size=-1font color=#6f6f6fLos Angeles Times,nbsp;CAnbsp;-/font nobr18 hours ago/nobr/fontbrfont size=-1By Marc Lifsher, Los Angeles Times Staff Writer SACRAMENTO -- Bond rating service Standard amp; Poor#39;s on Friday placed a quot;bcredit/b watch with negative b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.signonsandiego.com/news/state/20081010-1812-ca-california-creditconcerns.htmlcid=1256289736ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNFNP1GdFJjG4D5bQJEuG4LOUrJxVQSamp;P questions whether California can borrow $4B/a font size=-1 color=#6f6f6fnobrSan Diego Union Tribune/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaAVvkSCr3R_E%26refer%3Dhomecid=1256289736ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNHKVnm5GPIp8tMHtbAu_tbWuPOpkQCalifornia Rating Threatened by Cash Crunch, Samp;P Says (Update2)/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mercurynews.com/breakingnews/ci_10691057cid=1256289736ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGfuX3rkK9mEfSo3wx5Yk0k2SD5QAConcerns over California#39;s ability to borrow $4B/a font size=-1 color=#6f6f6fnobrSan Jose Mercury News/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256289736hl=ennobrall 43 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/dtcc-addresses-misconceptions-about-credit/story.aspx%3Fguid%3D%257B7B5C1B13-9F34-44C0-971B-16EEF9FC0D64%257D%26dist%3Dhpprcid=1256578894ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNFWijZ6KFaa_d5YC4HrD7lKBnfHWADTCC Addresses Misconceptions About the bCredit/b Default Swap Market/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1Since that time, the vast majority of bcredit/b default swaps traded have been registered in the Warehouse. In addition, all of the major global bcredit/b default b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.chinadaily.com.cn/world/2008-10/08/content_7086334.htmcid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNEoLiz0gKoZD6rRl_P3azAsM8iBdAimg src=http://news.google.com/news?imgefp=eF_DMkx7DrAJimgurl=www.chinadaily.com.cn/world/images/attachement/jpg/site1/20081008/0013729e45180a5647bc5d.jpg width=80 height=31 alt= border=1brfont size=-2China Daily/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/partial-tax-exemption-unleash-free/story.aspx%3Fguid%3D%257BBD7714FD-4410-4FAD-B6FC-19BC9FD68BDA%257D%26dist%3Dhpprcid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNH79YSEzHq7WGzvH1mN7aDzvVEvXwPartial Tax Exemption Will Unleash the Free Market and Buoy Our b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobrOct 10, 2008/nobr/fontbrfont size=-1The root of our financial crisis, while reflected in stock prices, is based on a collapse of the bcredit/b markets and a virtual disintegration of risk-taking b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3D1hnqKnevsC4cid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGnDMU-sdYvehhw-wDDVWNXsC9sPwVideo: Stocks Fluctuate After Fed Corporate Debt Plan/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/1hnqKnevsC4/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/1hnqKnevsC4type=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://money.cnn.com/2008/10/10/markets/markets_newyork/%3Fpostversion%3D2008101015cid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGS7IiQxpAhN9trsGCxF1eFP7lIiAMarket turnaround/a font size=-1 color=#6f6f6fnobrCNN/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.boston.com/business/articles/2008/10/10/treasury_plan_fails_to_stem_carnagecid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGWSgcyhNO9qUbg-nnd9Fk5SOpQMgTreasury plan fails to stem carnage/a font size=-1 color=#6f6f6fnobrBoston Globe/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.msnbc.msn.com/id/27119159/cid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNF3YvEM00hCCkMS-TtgO3YHgaD8jwnobrMSNBC/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD93LO1CO0cid=1256586917ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGsWD8w_isrVzB8VVVasTaK9Sn6wwnobrThe Associated Press/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256586917hl=ennobrall 1,820 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.hedgeweek.com/articles/detail.jsp%3Fcontent_id%3D270902cid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNGAlEQcCSG4r7O0tzYhpRwAy2pF8gimg src=http://news.google.com/news?imgefp=7kZiev_e1T8Jimgurl=www.hedgeweek.com/userimages/Chicago_Mercantile_Exchange.jpg width=80 height=60 alt= border=1brfont size=-2HedgeWeek/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.californiaprogressreport.com/2008/10/state_controlle_2.htmlcid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNEKDUYTKaZtxEI4mHhpSOrf-jcXEQState Controller Chiang to Treasury Secretary Paulson b.../b/abrfont size=-1font color=#6f6f6fCalifornia Progress Report,nbsp;CAnbsp;-/font nobr9 hours ago/nobr/fontbrfont size=-1However, while we continue to work through this crisis, I believe more needs to be done to increase investor confidence in the bcredit/b markets, b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ajc.com/business/content/business/stories/2008/10/10/credit_trade_swaps.htmlcid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNHfbzE-j0Au07IN5QOuWqnQPss2BQICE, 3 other firms team up to trade little-known securities/a font size=-1 color=#6f6f6fnobrAtlanta Journal Constitution/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/finance/2008/10/07/cme-pimco-treasury-pf-ii-in_pr_1007dividend_inl.htmlcid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNEQrF73XUK1dVOJ7W5cIXgUTX1mSgbCredit/b Default Swap Virtual Pit/a font size=-1 color=#6f6f6fnobrForbes/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.suntimes.com/business/1206883,CST-FIN-cme07web-w.articlecid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNEiAyeBe_0j5aVGKreFmhKbiAkdxgCME, Citadel working together on bcredit/b default swaps/a font size=-1 color=#6f6f6fnobrChicago Sun-Times/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1052652820081010cid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNFlwqtC9q_PJU4ct4SGM-wIxgpeTQnobrReuters/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://seekingalpha.com/article/99321-what-does-jpmorgan-thinkcid=1254860311ei=8FDxSMaTI6js6gPxie24Bwusg=AFQjCNFMJseuIfsgYlDrMfsJt88VYRJzzQnobrSeeking Alpha/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254860311hl=ennobrall 91 news articles/nobr/a/font/div/font/td/tr/table
credit - Google News

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