How To Restore Your Credit Rating Following Credit Card Identity Theft

If you have been the victim of credit card identity theftvictim of credit card theft and need to restore your
and you need to restore your credit rating becausecredit rating. But you won't know that you have been
you have had your credit card or credit card detailsvictimized until the credit card company which issued
actually stolen, or because someone has applied forthe fraudulent card actually starts contacting you about
and received a credit card using your name and socialthe payments which the thief has undoubtedly failed to
security number, you may be at a loss as to where tomake.
begin.You'll need to prove that you have never lived at the
If you have been the victim of credit card identity theftaddress which the scammer provided, and that all of
and you need to restore your credit rating becausethe other personal details that person provided are not
you have had your credit card or credit card detailsyours. Experiencing this sort of credit card identity theft
actually stolen, or because someone has applied forand having to restore your credit rating can be a very
and received a credit card using your name and socialtime-consuming, frustrating experience, but it's
security number, you may be at a loss as to where toimportant that throughout the process you continue to
begin.maintain the payments on your legitimate obligations.
First, you can take pre-emptive measures againstContact The Credit Reporting Agencies
identity theft as soon as you receive a new creditAs soon as you think you have fallen prey to credit
card. You should photocopy both sides of all yourcard identity theft [ you can start to restore your credit
credit cards so that as soon as one of them is lost orrating by contacting the three credit reporting agencies,
stolen you will be able to report that it is missing andExperian, TransUnion, and Equifax, and asking them to
have that card account closed.place fraud alerts on all your credit reports. A fraud
Second, you should never carry any credit cardsalert will be an obstacle to anyone who attempts to
which you do not intend to use, and you should haveuse your information to establish a new line of credit.
only the number of credit cards that you absolutelyContact the FTC And Police
need.You should notify and file a formal complaint with both
As soon as you realize that your credit card is missing,the Federal Trade Commission, and the police in the
or that there are unexplained charges on your monthlyjurisdiction where the credit card identity theft
statement, you will have to assume that you are aoccurred, providing the police with a copy of your FTC
target of credit card identity theft, and to restore yourcomplaint.
credit rating you need to stop the missing orTaking these steps when you have been a victim of
compromised cards.credit card identity theft and are trying to restore your
If someone has obtained your name and socialcredit rating will put you in a much stronger position to
security number, perhaps through mail theft, and usedprevent whoever has victimized you from doing too
them to open a credit card account, you will also be amuch damage.