: 10 Mistakes that Most People Make

What to Do If You’re the Victim of Identity Theft

The research proves that millions of innocent citizens have their identities stolen. To be a victim of identity theft is stressful and devastating. Being in an identity theft situation is always nerve-racking. 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. Having that said, suppose you have your identity stolen what will be your options. 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.

The first essential step is to let your creditors and banks know. Contacting your creditors and banks is crucial following that most of the bankers and creditors are going to have protections for their cardholders that are a victim of identity theft. Also, by contacting your creditors and bank right away, they will communicate the policies and protection actions they will take, and this way you will know what to anticipate the this info.

It will be important to also freeze your active credit. The moment you realize you are in an identity theft situation and have fallen victim to online fraud or credit fraud the best move is to freeze your credit. It helps lock all that information away which will prevent agencies from giving your credit report to other creditors. In the freezing process you will be asked to create a pin that will be used to later lift the freeze so make sure you keep a record of all that information to avoid confusion and delays in the future. It is advisable to place both fraud alarm and freeze your credit as this will offer s much more protection than doing just one.

Also when you find yourself in an identity theft situation it is important to report to the federal trade commission and your lawyer. Whether via a phone call or online, contact the federal trade commission to let them know of your identity being stolen and provide as many details as possible. 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. Make sure you choose a reputable lawyer. In conclusion, the article explains the essential procedures to take when you suspect your identity has been stolen.