Would you know what to do if you suspect your personal information has been stolen and used by thieves to open new accounts? It is important that you take the proper steps to clear your name as soon as possible.
In 2005, the laws were changed to allow anyone to review their credit report annually without paying a fee. You can also get a free credit report if you were denied credit in the previous 60 days. By checking your credit report regularly, you have a better chance of stopping any unauthorized activity more quickly. There are services that, for a small fee, will monitor your information every business day to make sure no one else has access to your accounts.
If the worst happens and your identity is stolen, do you know what to do first and where to report the crime? Do you know which forms need to be filled out or where to send them? Often the police do not take an active role or even open an investigation. There will be a lot of paperwork to complete and submit to all responsible companies and agencies.
The process of clearing your name can seem overwhelming at times. Having guidelines to guide you through the stages can make the difference between submitting your paperwork effectively and battling through months of red tape.
While the Federal Trade Commission is the lead agency on identity theft issues, there are other federal and state agencies that have jurisdiction, depending on the type of crime committed. You may need to contact a host of agencies, businesses, credit bureaus, and investigators. It often takes many months or even years to correct errors.
You will also need to keep very accurate records of all contacts, including conversations and written correspondence. It may be easier to make a chart and include the date, the agency or company, the contact person, and a summary of the information discussed. Keep copies of all original documents and send only copies. Send them by certified mail, return receipt requested. That way, you have documentation of when your letters were received.
With patience, determination, and a “game plan” that outlines what to do, you can get through this difficult experience and begin to put your life back together.
