Every year, a large number of Americans are stricken by identity theft. Although progressive advancements in technology have transformed our ways of interacting and shopping, they have also exposed us to emerging security risks.
In unfortunate scenarios where you end up as a victim of identity theft, here are some proactive measures to consider in order to limit the damage on both your financial and personal life:
It’s crucial to reach out to the three major credit bureaus without delay-
Equifax: Dial 800.525.6285
Experian: Dial 888.397.3742
TransUnion: Dial 800.680.7289
Inform them about the theft and request a fraud alert on your credit profile. This alert prevents anyone from applying for credit using your name unless the credit bureau can reach you directly on a specified number to verify your involvement. Make sure to obtain a copy of your credit report from each bureau and meticulously scrutinize it for any inaccuracies or unrecognized changes/inquiries.
As quick as possible, contact the companies, lenders or institutions where fraudulent accounts using your information have been established, ranging from simple home phone services to credit cards and larger loans. Always refer to the fraud prevention department of the associated company or lender and clearly convey your situation.
In case your banking information has been tampered with, get in touch with your banking institutions to discuss your options and negotiate a remediation plan. Each bank or financial institution should guide you on the best way to safeguard your accounts and financial data.
File a complaint with local authorities or the police department of the place where the identity theft occurred. Be sure to obtain a copy of this report in case credit unions, banks, lenders, or others require proof of the crime later on.
No matter the extent of the identity theft, immediate and decisive action is crucial to deter major harm.
