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by providing product information

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15y ago
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8y ago

to promote the interest of consumers

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Q: What is one way that consumer-advocacy groups help protect consumers?
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What is one way consumer-advocacy groups help protect consumers?

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How Credit Reports Help Protect Consumers ?

One of the main reason that consumers are advised to obtain their credit reports each year is to check for fraudulent activity. According to the FTC, approximately 9 million consumers have their identities stolen each year. Unfortunately, many consumers don�t realized that they have been victimized until their credit has been ruined and they are stuck with fraudulent debts. To protect yourself, it�s important to look at your credit reports at least once a year. Go through these reports carefully and look for any signs of suspicious activity. Monitoring your credit history is an effective way to protect against identity theft.