Identity Theft - Straightening Out Your Credit In The Aftermath

Word Count:
591

Summary:
If you've been a victim of identity theft, you know how difficult it is to straighten everything out--your credit, your bank accounts, your charge cards and more.  These tips will help you through the process.


Keywords:
identity theft, identity fraud, identity theft protection, identity theft prevention, child identity theft, credit identity theft, computer identity theft, computer identity fraud, cyber identity thef


Article Body:
FBI statistics reveal that identity theft is one of the fastest-growing crimes in the United States, with about 1 in 5 families in the U.S. being a victim of identity theft.  Identity theft is obtaining   another person's personal information (e.g., name, social security number, credit card number, passport) without that person's knowledge and using that information fraudulently.  For someone who discovers they are a victim of identity theft, it is important to act fast.  Here are some immediate steps to take in order to stop further misuse and to restore your good credit:

1. Contact the fraud departments of any one of the 3 credit reporting companies to place a fraud alert on your credit report. When a fraud alert is placed on your credit reports, creditors will contact you before opening any new accounts or making any changes to your existing accounts. You only need to contact one of the three companies to place an alert, and they are required to contact the other two, which will place an alert on their versions of your report, too. Once you place the fraud alert in your file, you're entitled to order free copies of your credit reports.  When you receive them, check them over carefully for any new accounts that may have been opened without your authorization.  Also be aware of any new inquiries by banks, lenders and credit card companies that you were not familiar with.

2. Report the crime to your local police or sheriff's department and request a police report.

3. Contact your creditors, banks, phone companies, and utility companies and have them freeze your accounts.  Banks, credit card companies and other creditors may require a copy of your police report. You may be liable for a small sum of the fraudulent charges; check with each of your card issuers for their policies. Most creditors promptly issue replacement cards with new account numbers.

4. File a complaint with the Federal Trade Commission.

5. Monitor all bank and credit card statements and other bills carefully to ensure there are no fraudulent charges.  If you find fraudulent checks or withdrawals on your bank account, notify the fraud department of your bank in writing immediately.

Stop payment on any missing checks and/or close your existing account.   You can also notify the check verification companies not to accept further checks under the account number that was stolen.  To find out if the identity thief has been passing bad checks in your name, contact SCAN @