Ameriquest Mortgage Exposes Credit Reports and SSN to Identity Thieves
With this summer's melt down of the sub-prime mortgage
industry, Ameriquest was found to have dumped 40 boxes
worth of their customer's highly confidential credit information
into the trash dumpsters near a Atlanta area apartment complex.
For would be identity thieves, it just doesn't get any easier than
this example to steal the identities of a countless number of
According to the Wall Street Journal this mortgage industry
problem could be much worse than suspected when similar
incidents have been reported in Hawaii and Indiana:
"Over three days, he peered into 40 Dumpsters behind
loan branches and title companies that handle mortgage
In nearly half -- 18 -- he discovered sensitive information
You could see their complete financial lives on paper,
dating back 20, 30, 40 years," he said. Among the finds
inside the mortgage files: a letter from one borrower's
counselor saying he was doing well in alcohol rehab."
Fortunately, though, at least in the Atlanta case a good samaritan
retrieved all of the boxes and turned them over to local police for
So, our tip for today is to assume that most companies,
especially those going through financial distress and
employee turnover, are prime suspects to loose your
confidential personal data.
Arm yourself by enrolling in credit monitoring as well
as to get your non-credit (but publicly available) personal
Because, you never may know who can easily retrieve
your credit records or social security number (ssn) from
the trash someplace and ruin your financial future.