What To Do After ID Theft - Most people who suffer from the crime don’t know what to do after ID theft as victims. Restoring their credit rating and ID can be a long process of up to two years. However, we have a few tips on how to recover from the process quickly.
Thieves will put a fictitious address on any new accounts opened in an effort to receive bills and statements so that they do not go to the victim’s home. In matter of weeks, criminals can open mortgages, credit cards, apply for car loans and run. Many people will take a hit with their credit rating because the new accounts are never paid for.
Here’s what to do after ID theft and how it begins with prevention.
1. One of the first things you should do is to file a police report ASAP in the jurisdiction where your credit cards and personal information were stolen. This action proves to your creditors you were diligent and this will initiate the first step toward an investigation.
2. Next you should report the theft to your credit card companies and close all of your accounts. The key to doing this quickly is having copies of your credit cards (front and back) stored away in a safe place. The copies will have the phone numbers to call that will immediately disable your credit accounts.
3. Don’t take any chances with your bank account. Go immediately to your bank in person and close it. They will help you create a new account. In addition, do not have your new bank account checks sent to your home until you verfiy with the post office that your mail is not forwarded to some other address.
4. But here’s what is perhaps most important of all: Call the three National Credit Reporting Organizations as soon as possible and place a Fraud Alert on your name and Social Security Number. The three bureaus are: Equifax, Experien, and TransUnion.
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