ICYMI: When Identity Theft Happens To You

Image courtesy of  khunaspix / FreeDigitalPhotos.net

Image courtesy of khunaspix / FreeDigitalPhotos.net

If your identity is stolen, what will you do? Do you know your rights?

Knowing what to do is important because an identity thief can hijack your tax refund, alter your medical records, prevent you from getting credit or a job, and even borrow money in your name.

Identity theft happens when someone steals your personal information and uses it without your permission. While there is no foolproof way to avoid identity theft, there are ways to minimize the chances of becoming a victim and minimize the damage should a theft occur.

Here’s what to look for and how to take action when it comes to protecting your finances:

1.     Be alert to signs that require immediate attention:

  • Mail or bills that do not arrive as expected.
  • Unexpected credit cards or account statements.
  • Denials of credit for no apparent reason.
  • Calls or letters about purchases you did not make.

2.      Inspect:

  • Your credit report. Credit reports have information about you, including what accounts you have and your bill paying history.
  • Your financial statements. Review financial accounts and billing statements regularly, looking for charges you did not make.

3.      Order your credit report:

  • The law requires the major nationwide credit reporting companies – Equifax, Experian, and TransUnion – to give you a free copy of your credit report each year if you ask for it. Visit www.AnnualCreditReport.com or call 1-877-322-8228, to order your free credit reports each year.

If you suspect you may have been a victim and your financial identity has been compromised, act promptly:

1.      Flag Your Credit Reports

  • Call one of the nationwide credit reporting companies, and ask for a fraud alert on your credit report. The company you call must contact the other two so they can put fraud alerts on your files. An initial fraud alert is good for 90 days.

Equifax 1‑800‑525‑6285

Experian 1‑888‑397‑3742

TransUnion 1‑800‑680‑7289

2.      Order Your Credit Reports

  • Each company’s credit report about you is slightly different, so order a report from each company. When you order, you must answer some questions to prove your identity. Read your reports carefully to see if the information is correct. If you see mistakes or signs of fraud, contact the credit reporting company.

3.      Create an Identity Theft Report

  • An Identity Theft Report can help you get fraudulent information removed from your credit report, stop a company from collecting debts caused by identity theft, and get information about accounts a thief opened in your name. To create an Identity Theft Report:

1. File a complaint with the FTC at ftc.gov/complaint or 1-877-438-4338; TTY: 1-866-653-4261. Your completed complaint is called a FTC Affidavit.

2. Take your FTC Affidavit to your local police, or to the police where the theft occurred, and file a police report. Get a copy of the police report.

If you think your financial information has been compromised, take action now. Questions? We’re here to help! Contact us at (888) 258-2227 or visit www.LssSD.org. Hablamos Español.

Together we can make a difference. Make a financial gift to LSS today.

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