Ameritech Financial Recommends That Consumers Read Up on FTC Reports About Data Breach Scams

Scammer Stealing Digital Data

In 2017, there were 1,579 data breaches in America, exposing 178 million records, according to Statista. What to do after a data breach can be confusing for consumers, especially if they are concerned about lost money or their personal information being compromised, such as passwords, credit scores or banking account numbers. Luckily, the Federal Trade Commission (FTC) has several resources to help people who fear they are victims of identity theft. Student loan borrowers may be at an even worse disadvantage because their loan payments can be very high and any stolen funds or frozen accounts can make matters worse for them. Ameritech Financial, a document preparation company that helps student loan borrowers apply for federal repayment plans, stands with the FTC in their efforts to minimize the damage caused by data breaches.

The first step the FTC offers to victims of a data breach is to “take a deep breath.” This could help reduce the stress, panic and spiked cortisol levels they are experiencing. Then, victims should visit the FTC’s website that is dedicated to identity theft and data breaches. Through helpful tutorials, videos and personalized selections, the victim should have a solid start on their road to reclaiming financial well-being and security.

They also recommend signing up for free credit monitoring when consumers are checking on their credit scores. If consumers are especially aggravated with the source of their data breach and/or identity theft, they could also submit a complaint to the FTC. In a report released earlier this year, the FTC revealed that consumers reported a collective loss of $905 million to fraud in 2017 alone. In addition, when consumers submit complaints, identity theft is the second top reason, making up almost 14 percent of consumer complaints.

Ameritech Financial recommends to their clients to check their finances on a regular basis to prevent money loss that could impede their ability to make on-time student loan repayments or other bills. Student loan borrowers who struggle to pay their debt may find relief in federal repayment plans. Income-driven repayment plans, for example, may reduce payments relative to income and family size and end in forgiveness after 20 to 25 years of enrollment.

About Ameritech Financial

Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.

Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

Ameritech Financial prides itself on its exceptional customer service.

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Contact

To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
media@ameritechfinancial.com

Source: Ameritech Financial


Categories: Financing and Student Loans, Financial News

Tags: data breach, federal student loans, identity theft, income-driven repayment, student loan debt


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About Ameritech Financial

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Ameritech Financial is a document preparation company that helps borrowers enroll in the federal repayment program that matches their individual financial needs, potentially lowers payments and gets them on track for student loan forgiveness.