|
|
|
|
Identity
theft is when another person uses your personal information. Often they use
it to obtain credit or make purchases without your permission or knowledge.
Although we all like to think, “It won’t happen to me!" the
truth is, it can. Naturally, your best bet is prevention, but even the most
high-tech security system can be by-passed, and so can your best efforts to
prevent it. Here is some information on getting your identity back if you suspect
it has been “stolen.”
What should you do if you suspect your identity is being used fraudulently?
First, you need to contact the three credit bureaus. They are: Experian (formerly
TRW), Equifax, and Trans Union. Tell them that you suspect your credit is being
used fraudulently, then request that your file be flagged with a fraud alert.
The alert will be active for 90-180 days, although you may want to extend it
up to seven years. It is always a good idea to add a victim’s report with
it, stating “My ID has been used to obtain credit fraudulently.”
You also need to contact your bank and credit card companies to let them know
you suspect ID theft. Have the credit card company issue you a new card and
account number, and file the old account as “closed at consumer’s
request.”
Another step is to get familiar with your credit report. Once you contact a
credit bureau, they will send you a current report if you report fraud. Continue
to get a new credit report at least once a month to see if fraudulent charges
have been added.
Also, keep up with what’s going on with your case; don’t be afraid
to be persistent with questions. Know that these measures will not prevent all
fraudulent activity but will greatly reduce your liability. At most you will
be liable for $50 if you file a report right away.
If credit bureaus and/or creditors are not
being cooperative about removing the fraudulent entries from your credit report,
you may want to seek legal aid.
• Never pay a bill that is a result of fraudulent activity.
• Do not cover fraudulently written or cashed checks.
• DO NOT file for bankruptcy; your credit report should not be affected
permanently.
No legal action should be taken against you; if any merchant, financial company,
or collection agency suggests otherwise, restate that you are willing to cooperate,
but don’t let them pressure you into paying for fraudulent charges.
Remember, identity theft can happen to you!! Protect your personal and financial
information to prevent becoming a victim. But, if it happens, you are only
liable for a maximum of $50 of the fraudulent charges if you report your case
in a timely manner.
|
|
|