Credit Report Blog
Website CertifiedPrivacy Protected

Symptoms of identity theft you have to know

By Ruth Racey
Published: Sunday, May 30th, 2010

Identity theft is getting more and more rampant in these times. And it is also getting easier for the criminals to get away scot free. With the computerization of almost all transactions, it becomes very easy for someone to imitate another person. But all it takes from you is a little common sense and a sharp mind to get one step ahead of the criminals.

So what are the warning signs of identity theft?

If you look at your bank statements frequently, you will be able to keep track of your expenditure. Any unwarranted expense on your statement should immediately ring a warning bell. Double check with your accounts and then file a complaint immediately. There are a number of ways that transaction could have taken place. You must take fast and decisive action to prevent further harm.

You suddenly start getting calls from collection agencies requesting that you pay up on money that you have never borrowed. This is a very dangerous sign. The case goes to the collection agency only when the creditor has lost hope on you. This means that the transaction has taken place a very long time ago.

You are turned down for a loan though you feel that you have maintained a very good credit score. Make sure that you track your credit report annually. Every individual is eligible for a free credit report every year. File for a report and check your credit history to make sure that it agrees with your accounts.

Your credit card statement stops arriving on time. This means someone could have hacked into your identity and changed the home address. This is a very serious case and you could end up being wiped out without even knowing about it.

New and unauthorized accounts start showing up on your credit history. This means that someone is using your personal information to open new credit accounts. You must immediately take action to prevent further misuse in all these cases of identity theft.

The first thing to do will be to contact the credit reporting agencies and then the law enforcement agencies. The credit reporting agencies in the United States are Equifax, Experian, and TransUnion. Call any one of them and ask them to flag your account. This way any future transactions will not reflect on your credit report.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.