Identity Theft – Alabama Loan Company

A loan company employee has been caught and plead guilty to stealing the identity of customers and fraudulently seeking $400,000 in tax returns.

According to Alabama court records, Wendy Huff, worked at two loan companies and stole the identification of customers, including their names, social security numbers and dates of birth. She and her partner filed more than 300 tax returns claiming $400,000 in fraudulent tax returns.


3 Tips for Negotiating with Debt Collectors

Debt collectors purchase accounts from companies for pennies on the dollar and then pursue collecting the full amount from the people that owe the money. When dealing with debt collectors, most people are uncomfortable with negotiating, but it is one of the most important skills to develop. In most cases you can also negotiate the debt for pennies on the dollar as well, especially if you can come up with a lump sum to give them.

From 2006 to 2010 I was constantly receiving phone calls and letters from collection agencies for mistakes I had made. One agency had purchased my debt from Compass Bank and Bank of America for what I would assume at the time was a fraction of what was actually owned. Most of the time I just ignored them because I couldn’t afford to do anything. As I began to get my financial life back in order in 2010, I received another letter from the collection agency. I called the number that was listed on the letter to discuss the payments that were being offered. The monthly payment was pretty reasonable compared to what they were initially offering over the last couple of years. The problem was, I had already scheduled some debts to be paid off or had set up some payment plans, so I couldn’t offer the minimum amount they were asking for.

Verizon Enterprise Data Breach

Verizon Enterprise Solutions confirmed they were a victim of a data breach last week.  1.5 million Verizon Enterprise customers contact information has been stolen.

News outlets are reporting  that the company recently identified a security  flaw in its site that permitted hackers to steal customer contact information, and that it is in the process of alerting affected customers. Verizon had discovered and re-mediated the security vulnerability on the client portal. They mentioned that the investigation found the attacker was able to obtain basic contact information on a number of their enterprise customers, but no proprietary information or data was accessed.

Verizon is currently in the process of notifying all of the customers that were affected.

Be Aware Of Phishing Attacks
Breaches of this type of caliber typically means that you will be “phished” by a scammer. When they get your phone number or email address, then the scammers can call, text or email posing as a Verizon rep. The thieves usually come up with some sort of story to obtain financial information, money or access to your personal accounts. This typically leads to identity theft. (more…)

5 Tips for Dealing with Debt Collectors

Debt Collectors. I think it is pretty safe to say that nobody loves receiving calls from debt collectors. One thing to understand about debt collectors, they are in business to do one thing, collect money. They can be aggressive and make your life incredibly stressful. Knowing what your rights are when it comes to these special people, can relieve some of that stress and help you get your accounts settled or removed.