: Blog Archive : Fraud…Or Misunderstanding??

Fraud…Or Misunderstanding??

My husbands restaurant has had some interesting things going on lately. Due to the fact that different employees will purchase things for the company some of the managers decided to take out an account with a couple of the businesses they purchase from most often. But they didn’t tell anyone what they were doing, and they didn’t get approval from the owner of the restaurant.

Yes, the bills would have been paid as needed and on time, but it created a few heated hours when the owner (the man with the name they had used) accused them of identity theft and sat on the phone with his bank trying to get everything taken care of. In the end, they decided that they really did need the accounts but that they were taken out in the wrong way. How easy would it be to fill out a credit application with the name of your favorite business and pose as an employee with permission to use the credit? Dangerous game if you ask me!

This is where companies like life lock come in handy! They monitor your credit and back up their protection with a million dollar guarantee! For times like these, what an important investment for anyone, person or business. Did you know that identity theft tops the Federal Trade Commissions list of complaints? That is mind boggling to me. There really doesn’t seem to be a way to protect yourself without companies like this keeping their eyes open for you. Plus, it cuts down on your junk mail as well! All this for one low price!

    Thanks For Stopping By!

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