Steps to Take When You Are the Victim of Identity Theft
With the increased crime rate many people have their identities stolen yearly. Identify theft is never an easy situation for anyone. Most importantly, we need to protect proof of identity for many essential parts of adulthood like buying a home, buying a car, and opening a credit card to mention a few. This brings us to the big question, what will you do if you fall victim to identity theft. Luckily, the discussion below will expand on identity theft protection and the right thing to do when you have been a victim of identity theft, discover more.
Once you suspect or have realized your identity is stolen, it will be wise to let your creditors and bank know; learn more. Many banks and even creditors will take the necessary protection measures once they know that you as their cardholder have been victimized. On the other hand, your creditor and bank will inform you more about the various liability policies and protections in place when you contact them so you know information about what to expect.
If you suspect your identity is stolen, you should freeze your active credit. Once you have realized you are a victim of online fraud or credit fraud as a result of your identity being stolen, freezing your credit will be beneficial, view here!. It helps lock all that information away which will prevent agencies from giving your credit report to other creditors. You will be requested to come up with a new pin that will be needed when it comes to lifting the freeze later so make sure you keep track of all the information to avoid delays in the future. The most important tip here is to place a fraud alert and also freeze your credit to protect yourself much more.
Also when you find yourself in an identity theft situation it is important to report to the federal trade commission and your lawyer. Ensure you file a detailed report about your identity being stolen to the federal trade commission online or give them a call. The advantage of reporting to the federal trade commission is that they will provide a helpful recovery strategy as well as give you proof someone has indeed stolen your identity. A good idea will be to ensure you keep a copy of both the items as you inform the police, banks, and creditors. Additionally, contacting a lawyer will be important at this point. Don’t just take any lawyer but make sure they have a good name in the field. To close, these are crucial steps you should take once you realize your identity has been stolen.