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Universal Default

July 29th, 2007 at 04:03 pm

Oh, I just had a horrible thought in the ID theft saga. I just remembered that if something bad from this hits my credit report, that I could face "universal default" issues with my Balance Transfer. Sure I have a good reason and could probably argue with them and clear it up, etc. But I don't like hassle. So I am considering just paying it off this month. I think I will wait a month and see how things progress, but definitely pay it off before any of the charges come due, if they are not cleared up ASAP. Off the top of my head I don't know how universal default works. But I don't expect anything negative to hit my credit report right away, so I think I have some time to ponder?

Just a thought I had. & makes it clear why this can be so devastating to so many people. Just another angle I hadn't thought of.

It sucks, but I rather play it safe. The good thing is that the bigger amount is in dh's name so that one should be okay. The bad is that I had this offer for like 15 months and I paid a $75 fee. Figures. It was probably going to bring in as much dh's, just over a longer period of time...

We'll see... Once my credit is frozen and if all the charges are removed from my credit report, maybe I will stick with it. But something to think about...

I am sure more un-thought-of consequences will pop up. *sigh*

I was just thinking with all the creditors calling me at work next week - yeah that will be fun. I will tell my boss because I know I received 2 notices from 2 professional associations. One is so old I threw away and the other one I don't remember where I saw it - seems it was rather recent. I will never throw away a "possible ID theft" letter again. I feel like a dolt. Something you keep forever I guess. So I will see if he remembers getting these (must have gotten the same notices) so I can call and see if I am the only one this far - if we can maybe trace this down somewhere. & also let my boss know why I am going to spend a good chunk of the week talking to creditors on the phone and stuff. I am sure there will be some raised eyebrows...

*sigh*

Oh and I found this - it was the AICPA:

http://idtheftsecrets.blogspot.com/2006/06/330000-aicpa-memb...

Of course so did the state CPA education foundation - same kind of thing. Except I am pretty certain they never had my SS#. Actually I think in that case credit cards were stolen but they also did not have mine since the boss pays.

Of course I thought the IRS had also had some issues losing SS#s. So you get back to it could have come from anywhere. But if there is a rash of CPAs who become ID theft victims, then we will know I guess. Now I have to add AICPA on my list of calls to make...

Now ask me why I gave the AICPA my SS#? I don't remember. I am usually pretty guarded with it. BUT I don't know. I will think twice next time.

Other places that come to mind though:

Current employer
Former employers
College (they used to put SS#s on our IDs too)
IRS
State Taxing Authorities
All Banks & Investment Brokerages

I am not sure how they ever track down where your ID gets stolen from?

4 Responses to “Universal Default”

  1. Broken Arrow Says:

    By the way, did you figure out what might have caused the ID theft to begin with?

  2. monkeymama Says:

    No idea beyond AICPA (mentioned above).

    Not sure if I will ever know? Didn't the IRS lose some personal data too???

  3. LuckyRobin Says:

    I think if I were you I would call all of my current creditors, talk to someone far enough up the ladder, and have them put in all of your files that you are currently a victim of ID theft and that you are concerned about it causing a universal default. Perhaps if you are proactive with your current creditors this is something you will not have to deal with. Just a thought.

  4. monkeymama Says:

    I did have that idea since it is one that I carry a balance with - is the only one I have to worry about. I was going to send them a letter so it was documented in my file. Definitely an idea!

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