Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

March 08, 2007 11:10 ET

FCAC: March is Fraud Awareness Month

Check your credit report for signs of identity theft

OTTAWA, ONTARIO--(CCNMatthews - March 8, 2007) - Your credit report is the best place to look to find out whether you've been a victim of identity theft. During Fraud Awareness Month - the month of March - the Financial Consumer Agency of Canada (FCAC) is advising consumers to check their credit report to protect themselves from the repercussions of fraud.

"Identity theft can happen to any of us. If it happens to you, deal with it quickly. A good habit to get into is checking your credit card and bank statements carefully and reporting any irregularities to your bank," FCAC Acting Commissioner Jim Callon said.

"Just as important is to order a copy of your credit report from all three credit-reporting agencies, every year, to check it for signs of identity theft."

Identity theft is not always obvious. Thieves can use your personal information to open a credit account and have the statements sent to a different address so that you never realize there's a problem - until you apply for credit and get turned down.

FCAC's popular booklet Understanding your Credit Report and Credit Score tells consumers how they can obtain their credit report free of charge, by mail, from the credit bureaus. This publication also helps consumers understand the information in a credit report and explains how to get any errors corrected that may show up on the report. In addition, the free booklet provides tips on how to improve a low credit score.

To view the publication on-line or download a copy, visit FCAC's website at www.fcac.gc.ca. To obtain a print copy, call FCAC at: 1-866-461-3222.

FCAC ensures compliance with the consumer protection laws, codes of conduct and public commitments that apply to banks and federally incorporated trust, loan and insurance companies. FCAC also provides consumers with accurate and objective information about financial products and services, and informs Canadians of their rights and responsibilities when dealing with federally regulated financial institutions.

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