Home » Finance » Credit

Identity Theft: Report It Immediately !

Apr 12, 2008
The term Identity Theft refers to an illegal action of opening someones credit account statement without his/her permission, stealing vital information about an individual and then utilizing this information to view or use his credit account or make any transaction in his name. Identity theft may also be referred to as Identity Fraud.

With more and more people becoming technological savvy, it has become quite easy for a common criminal to steal the identities of other people. In fact this problem has spread at an alarming rate across the world. If you are one of the witnesses or the victims of an identity thief, do make an urgent report of it right away. This action of yours will surely save you from further losses.

In order to stop identity fraud or theft from happening to you, numerous safeguards or defensive plans have been put in place. These plans will work only up to a certain level but what is required in totality is the alertness on the part of consumer. While making an identity theft, a cheat usually accesses your SSN (social-security-number) as well as other significant details in order to facilitate an effective utilization of your identity.

Below are some of the steps that a person is recommended to adopt in order to reduce the risk of falling prey to the identity theft.

* Report the identity theft as soon as possible to the local police department in your area.

* Immediately contact the fraud department of your bank as well as those of your creditors.

* Make a theft report to the federal trade commission as well.

* Last but not least, report your identity theft to the three major credit bureaus: Equifax, Trans Union and Experian.

Notifying all the three credit bureaus as soon as possible is the most important step that a victim can take. The main reason behind this is the fact that the identity thief may try to obtain your credit by making use of the false identity. If you have reported to the credit bureaus about the theft and asked them to place a fraud alert on your credit report it should detour the thief. Along with this, try to get a copy of the credit report so as to determine the degree of un-lawful activity that has taken place using your identity. Besides this, a copy of the credit report statement can show other fraud activities or disputed actions carried out in your name.

Following is the sequence of steps followed by the credit bureaus upon report of the identity theft:

* Post the security alert on the credit report file.

* Drop the identity theft victim out of the various offers or pre- approved for credit issuance.

* Mail a copy of credit file to the victim of identity theft.

To summarize, we can say that identity theft can prove to be very critical for a victim of the theft. So, it is always recommended to follow all the precautionary measures to control it.
About the Author
J Delgado is an expert in helping individuals restore there credit. To find out more about having foreclosures, bankruptcies, late payments and other derogatory items removed from your credit report contact him at creditexpert@scrupyourcredit.com or at: http://www.scrupyourcredit.com
Rating:
Please Rate:
(Average: Not rated)
Views: 226
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources