How to detect identity theft

How Do You Detect Identity Theft?

With the increasing advancements in technology, identity theft has become a growing concern. It is a genuine plague that can enormously affect the life of its victims, both individual and businesses. If you have been a victim of identity theft, it is important that you know how and when to act, as well as what to do to clean up your identity and credit score. Here are some guidelines that you can try to follow through the entire process of fixing your identity in any case that another person has chosen to prey on you.

How Do You Detect Identity Theft?

The first thing that is always on the mind of individuals is how would they know if another person has stolen their identity. There are a lot of ways on how you can detect this. For instance, if you apply for a credit card and you are turned down because you have a low credit score although you have always paid for your accounts and debts religiously and on time, then this can be a signal that somebody else has been using your identity. Or maybe, you will receive a call from a debt collector and will demand you to pay your overdue credit cards or loan for accounts that you do not remember opening. There are also instances when victims receive credit cards that they have not applied for. These are just some of the ways on how you can realize that somebody else has assumed your identity and is taking actions towards destroying your credit score. If you are more careful with your accounts, then you are more likely to be on top of your finances. If you are on top of your finances, then you are more likely to detect early signs of identity theft or if someone is using your identity and personal information for their own benefit.

So, what now? Fraud Alert!

As soon as you realize that there is a problem and that another person is actually wreaking havoc to your credit score, then it’s about time for you to act fast. The first thing that you need to do is to inform the three credit card bureaus and place a fraud alert on your name. Request for a copy of your credit report and scrutinize each entry. If there are any entries that you do not remember doing or checking out, dispute them immediately.

Once you’ve filed for a fraud alert, then you will now be flagged and creditors will be asked to call you before any credit is extended your name. The credit bureau will place the fraud alert for ninety days and if you want it to be extended, then you need to contact each credit bureau to inform them of your intent to place a fraud alert under your name. If you want to obtain a seven year alert, then it is important that you show a proof or clear evidence that another person is racking up your credit in the name of identity theft.

Leave a comment

Your email address will not be published. Required fields are marked *