Idenity Lost

Discussion in 'UPS Discussions' started by ups79, Apr 17, 2008.

  1. ups79

    ups79 Active Member

    Has anyone else received a letter from BNY MELLON in regards to a lost box of files that could perhaps contain you personal items(such as name, address, social security number, shareowner account information, transaction activity and possibly your bank account numbers)? They are offering free credit monitoring for a year. My concern is this really from Mellon or some fraud trying to get you to sign up for something which could possible result in a bigger problem than you perhaps might have concerning identity thief.
  2. looper804

    looper804 Is it time to go home yet

    I got the letter 2 weeks ago.I signed up for the service.I check my report every 6 months anyway so a free check was ok with me.Unfortunetly too many of these companies lose our info,but I have never heard of any one using the lost info for ill gotten gains.I say sign up for free and check it every few weeks to be safe.
  3. ups79

    ups79 Active Member

    I was just wanting to make sure it indeed was from Mellon and not someone using Mellon's letterhead. I have never check my credit. I however have heard that checking it often will sometimes have the effect of lowering it.
  4. deezilfuelonly

    deezilfuelonly New Member

    I got the same letter, and thought the same thing. It sounded like a sales pitch to me.
  5. looper804

    looper804 Is it time to go home yet

    I didn't buy anything.Just signed up with the ID # they gave me.
  6. dannyboy

    dannyboy From the promised LAND

    Just about everybody that has a 401K or has UPS stock got the letter. Even those that have closed accounts with them got it as well.

    Got another one two years ago, one 3.5 years ago as well, all citing lost information.

    It happens all the time.

  7. satellitedriver

    satellitedriver Moderator Staff Member

    I got the letter and I think it is on the up and up.
    Safeguards are in place to watch for unusual behavior in my accounts.
    I don't know what else to do, except bury my gold in the backyard and worry about how many of my neighbors own shovels.
    Strange, scary new world we live in.
  8. dannyboy

    dannyboy From the promised LAND

    Hell, I am so broke, any one stealling my identity would give me money. ;)They would do better to steal someones id who had died.

  9. satellitedriver

    satellitedriver Moderator Staff Member

    In a perverted sort of way, I wish someone would steal my identity.
    It would give me a fresh, new start in life.
  10. upsgrunt

    upsgrunt Well-Known Member

    It takes an average of 600 hours to "fix" identity theft. That is 600 hours that you put in. That is from Dave Ramsey.
  11. Channahon

    Channahon New Member

    Information was also posted on UPSers'.com regarding the loss of data by Mellon.

    What kind of bothered me, was how so matter of fact the letter was, like no big deal. Happens all the time.

    When you think about it, your information is out there with the IRS, insurance, utitlities, credit card companies, etc.

    None the less, I signed up for the credit monitoring.
  12. freeloader

    freeloader geek

    They musta shipped their data backups via UPS.
  13. trplnkl

    trplnkl 555

    what DAs, that's like shipping Grandma's antique china through a company that puts ooops on their trucks
  14. edd_tv

    edd_tv Cardboard picker upper

    checking it every six months or once a year thru one of the three major credit reporting agencies will not lower your score. the algorithim used to calculate your beacon and FICO score take into account the number of inquiries from retail credit outlets( car dealers,consumer credit cards,etc.) and factors that into the formula used to determine your credit score. the formula gives a numerical value to each type of credit account you have. also a value is given to the credit line or limit, term, and balance of each account. certain types of credit lines are weighted more than others i.e, a mortgage loan is weighted slightly less than an usecured credit card, as you are more likely to pay your mortagage than a balance on a card. this is factored with your payment history and inquries and other factors to give you your credit score.

    in my days working in retail lending for a bank, i used to hear that three inquiries in a month would drop your score 6-8 points. thats why when i buy a car i get approved by my banker before i go to the dealer. Some car dealers will send your info out to a whole network of banks and each one will pull your credit. plus with id theft as rampant as it is, i llike having a little bit of control over who has my info. always heard you cant trust a car salesman anyway!! plus its more bargaining when looking for a deal.
  15. trplnkl

    trplnkl 555

    How so?
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Checking your own credit has no effect on your credit score. Numerous inquiries by retail companies will but if you are able to group these inquiries in to a 2 week period then they are considered to be 1 inquiry for the purpose of affecting your credit score.

    The only problem with the offer from Mellon is that they are only providing credit monitoring for free--you must pay extra to get your credit score.
  17. I love it. Are you doing "better than you deserve" as well? I try listen to his podcast daily. Not only does he give great advice, but it somehow makes me feel better to hear some of the dumb things people do with their money. Let's just say I've paid my fair share of the "stupid tax" over the years. I only wish I had heard his advice sooner.
  18. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    I started listening to him about 4 years ago. We (wife and I) paid off all debt within a two year period. No more car payments, credit cards, or school loans. If more people would follow his plan there wouldn't be a "housing crisis" or trillions of dollars of credit card debt. What amazes me is all the people that call into his show that worked two or three jobs in order to get back on their feet. I have much respect for those people for taking responsibility for their poor decisions and doing something about it instead of blaming the credit card companies and banks for their mistakes. They went out and did what it takes to get back on their feet instead of waiting on the government to bail them out. Dave Ramsey was able to encourage them to do so. He is awesome.
  19. This is how the scam artists get you. I called the phone number from my last stock letter, NOT from the letter mellon sent me just to make sure it wasn't a scam.

    It's NOT a scam, everything checked out.

    Can anyone say Class Action.