Identity theft has been a problem of the county for a long time and has already affected over 11 million American citizens throughout the years. Identity theft is a crime wherein the criminal would use ones credit line or “identity” to pay for the items he or she purchased or for the services he or she acquired. In the United States, soldiers are the most susceptible people who have their identities stolen by these criminals.
Soldiers who are destined overseas, most especially, are the most vulnerable to this kind of criminal act since they go abroad and leave their credit reports behind and checking their credit reports by getting a copy would most likely be a difficult job since they are not in the county. Because of this, the Federal Trade Commission or the FTC would like to encourage soldiers to place an active duty on their credit reports which would help them protect their identities from abusive criminals.
The FTC stated that they are very much aware what the capabilities of every identity theft. They said that soldiers who are deployed abroad would most likely want to busy themselves in trying to make out alive from wherever the government sends them rather than worrying themselves that someone in their country might be using their names to commit financial frauds and to use their credit reports and accounts in the criminal’s personal use. Besides, the FTC says, cleaning up the financial mess that an identity thief does to one’s name would take a long and difficult time.
The Fair Credit Report Act amendments now allow soldiers to put on an active duty alert on their finances and credit reports to help them secure their financial statuses and credit report while they go to other countries to represent and serve the United States of America.
This active duty which is customized for military men and women is pretty much like the other fraudulent alerts only that they have different ways of being raised up. In a common person who flags for fraud is only allowed to be on his or her credit report alert when he or she feels or fears that his or her identity has been stolen. In an active duty flag, the military personnel do not have to feel or fear that his or her identity has been stolen. He or she could just pout an alert on his or her credit report. Once this is applied on a military personnel’s credit report, lenders would be extra careful in dealing with any financial transactions done under the name of the military personnel. The alert, when placed on a military personnel’s credit report, would stay active for only a year and their names would be removed from the country’s pre-approved credit card database as well as for the insurance. The removal of their names would last for only two years. If a soldier would have a longer time being deployed abroad, they could always renew or file for a longer credit report alert.
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