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CREDIT REPORT 101

In this day and time managing your credit report can save you a lot of money in higher interest rates and fees. Your FICO score is the main way lenders determine your credit worthiness so knowing about your credit report and scoring can be very helpful. The following information should help you understand some of the elements that go into determining your credit score.

So what is a FICO anyway? A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its pioneering work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable means of credit evaluation. A credit score attempts to condense a borrowers credit history into a single number. Fair, Isaac & Co. and the credit bureaus do not reveal how these scores are computed however The Federal Trade Commission has ruled this to be acceptable. More Info....


IDENTITY THEFT

According to the FTC, in the last five years, 27.3 million people have been victims of identity theft. The number in 2003 alone is over 10 million. So what if it happens to you? Identity Shield can help mitigate your exposure.

Identity Theft Shield Benefits
• Regular monitoring of your credit report
• Identity restoration services
• Restoration expense reimbursement

We are committed to helping organizations and people implement the best methods possible to protect their private information and to help them fully recover from the breach of that information should it ever occur.

Credit Reports

You’ll receive an up-to-date credit report at no additional charge with your membership! A detailed analysis of your Personal Credit Score will be included with your first credit report. You can use this analysis to evaluate your current credit standing.

Continuous Credit Monitoring

Your credit files will be regularly monitored. Suspicious activity will be brought to your attention, providing you with early detection. A professional thief can assume your identity in just a few hours, but it can take years for you to restore your credit standing.

Identity Restoration

If your identity is stolen, get more than just information about how to restore your name and
credit rating. As an Identity Theft Shield member you can rest easy knowing experienced professionals are working for you! You’ll have a toll-free number to report any potential discrepancy in your credit report. If the discrepancy is identity theft, a Fraud Restoration package will be rushed to you and our investigators will assist you every step of the way.

Restoration Reimbursement

Receive some reimbursement for many of the expenses you may face while working to clear your name.
• Legal defense fees and expenses
• Lost wages for time spent away from work
• Notarization and postage costs for affidavits or similar documents
• Application re-filing costs for loans that may have been denied as a result of your identity theft.

* Identity Theft Shield *


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