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Identity theft is becoming increasingly common, and it is important that you know what to do in the event that you fall victim to this type of crime. If you have noticed some of the telltale signs of identity theft, it is important that you take the steps needed to protect yourself and correct the situation. Initiate a Fraud Alert A fraud alert is an important step if you are a victim of identity theft, as this may prevent a thief from opening a new account in your name. To do this, contact the credit reporting companies (Experian, Equifax, and TransUnion) to put a fraud alert onto your credit report. You should note that it is your responsibility to contact one of the three companies. The company you contact is then required to contact the other two. There are two different types of fraud alerts: • Initial Alert: An initial alert will stay on your credit history for 90 days. This is a good step if you have been a victim of a phishing scam or if your wallet is stolen. • Extended Alert: An extended alert will stay on your credit history for seven years. You will also need to provide the reporting company with a copy of an identity theft report. Your name will be removed from prescreened credit offer marketing lists for five years. Close Questionable Accounts
It is important to close any accounts that you believe to have been opened fraudulently, accessed without authorization, or tampered. Call each company and request to speak to someone with the fraud or security department. Make sure that you follow up with them in writing while also including copies of your supporting documents. Banks and credit card companies should always be notified in writing with your information sent via certified mail. If you open a new account, come up with a new password or PIN number.
Contact Law Enforcement
It is also important to contact your local police department if you have been a victim of identity theft, and you should always ask for a police report. This report can assist you in dealing with creditors who may ask for proof that a crime was committed. If law enforcement will not take your report, ask them to file a report of “Miscellaneous Incidents,” or contact another jurisdiction to get a report. You may also want to contact the Attorney General’s office in your state to determine what your state law requires police to do in the event of identity theft.
If you are still having difficulties in getting a police report, try some of the following tips:
• Provide law enforcement with as much documented proof of your case as you can. Include credit reports, debt collection letters, and other evidence documenting fraudulent activity.
• If police tell you they cannot take your report, be persistent, and tell them about the importance of having a police report in order to resolve your disputes with creditors.
• If local police are unwilling to file your report, contact your local county law enforcement or state police agency.
Contact the Federal Trade Commission (FTC)
It is important to file a complaint with the FTC in the event of an identity theft, as this will allow you to provide information that may help police to find identity thieves and prevent them from striking again. The FTC has the ability to refer complaints of victims to government agencies and other companies that may be able to take further action, and they will also investigate companies that may be in violation of state and federal laws.
To file a complaint through the FTC, you have the option to use utilize the agency’s online complaint form. You can also contact the Identity Theft Hotline or write to them at the Identity Theft Clearinghouse in Washington, D.C.
It is important to act quickly and appropriately if you become a victim of identity theft. Take care to prevent identity theft before it occurs by learning about identity theft protection tips. However, if, despite your best efforts, your identity is still compromised, taking the appropriate actions can help you to recover financially. Amy Johnson is an active blogger who is fond of writing articles on Credit Protection and educating people to take immediate measure if your card is lost or stolen before someone take advantage of it. Follow her on Twitter to know more on steps to take after identity theft.
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