What To Do If The Worst Happened To You – Identity Theft

If the worst happened to you and you’ve become a victim of identity theft, you will want to take the necessary precautions to safeguard your information. There are a number of things that you can do to repair your good name and that is what this article will touch on. If you’ve been a victim of identity theft, you have to take action now. Here’s the first thing that you will want to do if you’ve become a victim of identity theft.

1) Contact the police

The first thing that you will want to do is file a report with the police department in your city. You will want to take your credit report down there also and show them where the fraudulent areas are. If new evidence comes up, you will want to share this with them also. Here’s what else you will want to do.

2) Contact the credit bureaus

You don’t have to notify all of the bureaus because if you tell one they will tell each of the other two. The reason you want to contact the credit bureaus is so that they can catch thieves in their tracks. When you notify the bureaus, they will flag your social security number and it will be on alert for 3 months. If anyone tries to open up new credit in your name, they will be caught.

While speaking to the credit bureaus, you should consider requesting something called an extended fraud alert. This will stay on your credit file for 7 years and you will have to submit the police report that you gave in step 1 above with it also. Here’s what else you will want to do if you’ve become a victim of identity theft.

3) Tell your bank

You want to tell your bank what happened and immediately close your bank account. This will stop the thieves from withdrawing money from your account and will stop enormous fees from piling up on you. Your bank will be understanding and will help you in your efforts to protect your identity. Be sure to contact them right away so that your balance doesn’t spiral forward into the negative.

4) Tell the credit card companies

You want to tell the credit card companies what happened also so that they can close your credit card accounts. This will stop the thieves in their tracks and will stop the debt from accumulating.

After a while you may want to consider reopening bank account and credit card accounts to restore your credit and financial portfolio. If you must do so, do your best to select passwords that no one can guess at. Don’t use your birth date as a password and make it totally unique. This safeguarding measure will help to prevent the thieves from taking your financial information again.

All of these tips for salvaging your identity and credit are useful if you use them. You will want to file a police report right away so that you can get the necessary documents you need to further secure your identity.

Good luck with reviving your identity and securing your credit information.

Source by Adrian Hargray

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