Credit Restoration

 

Credit restoration refers to the practice of improving one’s credit profile by disputing or correcting discrepancies such as misstated, inaccurate, unverifiable, and erroneous information shown on credit bureau reports.

These reports can be tainted due to financial fraud, identity theft, the loss of a loved one, divorce and many circumstances beyond our control.

Your credit payment history is recorded in a file or report. These files or reports are maintained and sold by credit bureaus. You have a credit record on file at a credit bureau if you have ever applied for a credit or charge account, a personal loan, insurance, or a job. Your credit record contains information about your income, debts, and credit payment history. It also indicates whether you have been sued, arrested, or have filed for bankruptcy.

The Fair Credit Reporting Act (FCRA) is designed to help ensure that credit bureaus furnish correct and complete information to businesses to use when evaluating your application.

 

Identity Theft

 

The term identity theft was coined in 1964. According to Wikipedia, it is a form of fraud in which someone pretends to be someone else by assuming that person’s identity, typically in order to access resources or obtain credit and other benefits in that person’s name. The victim of identity theft can suffer adverse consequences if he or she is held accountable for the perpetrator’s actions.

Organizations and individuals who are duped or defrauded by the identity thief can also suffer adverse consequences and losses, and to that extent are also victims.

We have established relationships with the best in the risk consulting industry. Kroll maintains a superior expertise in monitoring credit and restoring lives of identity theft victims.

 Kroll provides a broad range of investigative, intelligence, financial, security, and technology services to help clients reduce risks, solve problems, and capitalize on opportunities.

This means you are backed by a company with over 30-plus years experience and thousands of hours of hands-on consultation and restoration work—helping people everyday.

 To learn more about IDENTITY THEFT MISCONCEPTIONS click here.

 

7 Identity Theft Facts

 

  • Currently the fastest growing white collar crime in the nation.
  • Over 27,000 victims every day.
  • FTC estimates nearly 9 Million victims per year.
  • Average victim spends 600 hours in restoring their identity.
  • Over 60% of americans have had their identity breached in the last 24 months.
  • Most solutions simply deal with monitoring credit and not identity restoration.
  • Over 100 MILLION personal records have been compromised in just the last 24 months.
  • The number one complaint to the Federal Trade Commission in 2007 was identity theft. 

 Investigative Due Diligence

 

A Kroll investigation is the standard by which due diligence investigations are measured. Kroll provides clients with the information they need to assess the background, reputation, and integrity of any business before entering into a substantial financial relationship.

 

How We Investigate

When organizations are exploring underwritings, investments, acquisitions, mergers or other commercial partnerships, among the principal’s questions to be answered are:

  • Are the representations and warranties that form the basis for the deal accurate and complete?

 

  • What is the background and reputation of the parties with whom we will be doing business?

 We seek out information on relevant issues such as management backgrounds, company reputations, ethical track records, regulatory compliance, market conditions, hidden interests, environmental liabilities and non-disclosure of material facts. We are also able to evaluate critical intangibles that can impact the success of a proposed deal, including the compatibility of management styles, ethics and corporate cultures of potential alliance partners.