Information On affect of identity theft on business
Does any of the following sound familiar?
- You find out from a collection agency that a debt is to be collected from you and the account involved is not one you remember.
- Mail that you would normally expect to receive, including statements of credit cards, is no longer received.
- You observe a few bits of your credit card statement that you are certain was not purchased by you.
- You receive a message, telling you that your credit has been approved or denied, about an account that is news to you.
If this has a familiar ring, identity theft may be the underlying reason!
The latest ID theft tips and the best ID theft info
The best identity theft info & the latest identity theft tips |
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The first thing you should do if your suspicions fall on identity theft is to immediately make a check on your credit report. You can get a free 30 day trial at www.freecreditprofile.com by using TrueCredit. Anything you have ever done requiring a credit check this report will contain them. And anything that involves identity theft and a credit check in your name is bound to show up here as well.
Should identity theft be suspected, make a report to the offices of fraud of the three major credit bureaus: TransUnion - 800-680-7289; Equifax - 800-525-6285; Experian - 888-397-3742. Request that a fraud alert be placed by each department on your credit file. This action will not immediately make the identity theft go away, however, it is likely that the crime will be slowed down.
You may wish to do likewise at the Federal Trade Commission who can be reached on 877-438-4338, as well as US Postal Inspection Service on 800-772-1213. If you find that check of your are being used by the climinals in a way that involves fraud, send a report to all of these: Check Rite - 800-766-2748; Chex System - 800-328-5121; CrossCheck - 800-522-1900; Equifax Telecredit - 800-437-5120; NPC - 800-526-5380; SCAN - 800-262-7771; and Tele-Check - 800-366-2425.
As well as doing those actions, the police should be given a report to hold on file, making sure that identity theft is what the crime is reported as, in the area where the identity theft took place. Be certain to retain a copy of the report yourself as insurance against the possibility of someone needing the report further on.
There is no doubt that identity theft is costly. It will eat into your money and you time as well. But you can severely limit your liability if an immediate reaction to the crime is made. To give an example, if the credit card theft is made a report to the necessary places before the thief uses it, you will not be held responsible for charges on your card that you did not approve. In cases where the credit card gets used before you have a chance to make a report on its loss, you will face a liability of just $50 - should your card be illegally employed to remove your entire monetary wealth using an automatic teller machine. Therefore, immediately make a report of any ID theft and remove the control of your life from the theif.
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