Many people have no idea what their credit profile contains or why it is important. The contents make up a personal signature of your life and how you conduct it financially.
Your credit profile should be watched over and protected. If not, you may not realise that its contents could have been compromised by criminals wanting to use this for their own financial gain. The results of that could adversely affect your ability to get credit in the future, and in the worst case result in court proceedings against you.
Once we have produced your first Credit Report, PrivacyGuard Monitoring will start. Whenever someone has searched or viewed your credit profile, or whether anything significant changes in it, we’ll alert you to that activity, good and bad, by SMS or email.
PrivacyGuard watches for:–
-
any search being made on your credit profile...these may be made by banks, mortgage lenders, hire purchase companies, mobile phone companies, etc. who are checking your credit history and score, so as to make a decision on whether to lend you money or extend credit. They have to have your permission to do this, so make sure any searches have been approved by you
-
any new accounts opened in your name...it maybe a legitimate account opened by you. However, we alert you to this activity in case your identity has been compromised and this account has been opened fraudulently in your name.
-
a significant balance change on any of your credit accounts...we will notify you if there has been an increase in the amount you owe on one of your credit accounts
-
any dormant accounts being reactivated...a dormant account is one that is in your name but has been inactive for 15 years or more. An account can only be activated by you, the original account holder, or a designated legal representative. Cyber criminals can access an old address and match it to an account.
-
county court judgments recorded against you/...this may have been recorded against unpaid debts that have been fraudulently accumulated in your name. It takes some time to prove that these are not your debts and clear your name from the court records. PrivacyGuard can help reinstate your credit reference.
-
a notice of correction...a Notice of Correction is an explanatory statement that an individual can add to their credit report. It is attached to an item of data and is usually used to explain circumstances surrounding an entry on the report. Once the statement is added it will be seen by any company who makes a search and sees the entry to which it relates.
-
an account being settled or closed...this is where you have repaid your credit. Settled accounts are kept on your report for six years from the date when the account was settled.
You can get on with your life with confidence, while PrivacyGuard protects your financial life against identity fraud.
