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Canadian credit monitoring is your best chance to get identity theft protection in Canada
By Peter James, CIC
Hundreds of people are being kidnapped every day ... without even realizing it. What's being snatched is not their physical bodies but their personal information. The ransom being paid is millions of dollars through credit cards, unsecured loans and even mortgages ... all obtained with fraudulent documents. And the victims -- you and I -- end up "dead" in the financial world with totally destroyed credit ratings.
Sadly, with the advent of the Internet, obtaining personal information about anyone is easier than ever. As a result, identity theft is the fastest growing crime in Canada and the United States. Typically, thieves open a new credit card account, using your name, date of birth and Social Insurance Number (SIN). They then use the credit card to its maximum credit limit, but of course never pay the bills (which are sent to a false address). Or they simply call up your credit card company and change the billing address so that you don't see what's happening to your existing credit cards as the charges get racked up. Either way your credit rating is destroyed, as the credit cards report the delinquent debts under your good name.
Until now there was almost no effective way to combat this devious white-collar crime. But finally, you can protect yourself in Canada with "credit monitoring." If that's a phrase you've never heard before, don't be surprised. It's a concept that just starting to take hold here. The Americans have had this service available to them for awhile, but now Canadians can guard their credit by regularly checking their credit history with Equifax Canada or Trans Union of Canada.
Credit monitoring is great way to beat con artists trying to rip you off
At CanadaCreditCenter.com, my business partner and I want fellow Canadian consumers to have the tools they need to financially successful. For instance, only one in 11 Canadians knows their credit rating, which can actually change monthly based on information submitted by your various financial lenders. That's one reason I signed up for the credit monitoring service as soon as it became available in Canada. It gives me monthly updates of all credit activities in my name, changes of address, employer, loan or credit applications, any enquiries, total debt and payments.
If someone was to use my good name fraudulently, I would know immediately upon reviewing my credit report, which is available 24 hours a day, seven days a week. I can take immediate action to notify the defrauded lender and legal authorities, minimizing any potential damage to my credit history. It buys me peace of mind.
Just like our home alarm system protects my family in our house,
credit monitoring does the same for my financial reputation. That's protection worth having for such a modest price in this day and age.
Canadian Credit Monitoring Products
||EQUIFAX.CA - Canadian Credit Report & Beacon FICO Credit Score
The leading credit bureau in Canada offers both a personalized credit report, and perhaps more importantly your actual Beacon FICO Credit Score -- used by most Canadian lenders (banks, credit unions and creditcard c ompanies) to evaluate your loan or credit card application. Both financial products are online today!
MORE INFORMATION ABOUT EQUIFAX CANADA
||TransUnion Canada Credit Informaton Services
Get a complete credit profile, including Credit Report ($14.95) and Credit Score (additional $7.95) instantly online today! Add credit monitoring for just $22.95 a quarter. Service includes four credit profiles a year plus weekly email alerts to your credit profile.
||TransUnion Credit Services Consommateurs Au Canada
Obtenez un profil complet de crédit, y compris aujourd'hui en ligne de points de crédit immédiatement pour juste 22,90$ ! Découvrez comment les banquiers regardent votre histoire de crédit et corrigez toutes les erreurs.