What to Do if you are a Victim of Identity Theft

Have you ever been a victim of identity theft or knowdepartment stores, gas stations, your mortgage lender
someone who has? If so, you realize full well what aand your bank and let them know what happened.
royal pain in the backside it is, and the damage thatDepending on their policies, they may require you to fill
was done to your reputation and your credit report willout some paperwork.
take years to resolve.One of the best things you can do at this time is to get
Now that you know what can be the result of identitya notebook and start taking very detailed notes. When
theft, you can look back and probably recognizeyou call your credit card company to report this, note
various things you could have done differently tothe date and time of your call, and write down the
protect yourself more fully. Please understand thatname of the person you spoke with. Do this for every
identity theft is one of the fastest growing crimes inaccount you contact to alert them of what has
our current high-tech society, and precautions you tookhappened. While you are talking with each one, ask
5 or 10 years ago need to be modified to be effectivethem exactly what is covered if charges are
today.discovered on your account that you yourself did not
Usually, by the time the victim realizes that his identitydo. Sometimes all or some charges are covered by
has been used, the identity thief has long sinceinsurance, but other times there is no coverage.
disappeared from the face of the planet, leaving aAlthough the laws are changing, you should still contact
wake of damage to the victim's name and creditthe police and get legal help. Frequently, as unbelievable
report. The laws in this country are only now startingas it sounds, the police will not even open an
to realize that new laws need to be enacted toinvestigation or become involved. The really strange
protect consumers from this type of theft, as well aspart of this is that if they arrested someone who was
making additional provisions and avenues for those“you” via identity theft, they could then come
who are victims. In Texas, a law was passed to limit aand arrest the REAL you if you did not show up at a
consumer’s credit freeze privileges until they cancourt hearing.
prove that they have been a victim of identity theft orIf you are a victim of identity theft, you need to take
credit card fraud. That is very similar to saying that youaction and take it NOW. Delays only allow the thief to
cannot buy a lock until you can prove that your houseget further away and drastically lessen the possibilities
has been broken into, at which point it is too late!of finding them. For more tips about what to do about
If you discover that you are a victim of identity theft,identity theft and measures you can take to prevent
the very first thing you need to do is to contact all ofidentity theft from happening in the first place, please
your lenders, including credit card companies,visit our web site.