In reading The State paper recently, I noticed an article entitled "ID Theft, Fraud Rising, Report Says." The article highlighted that Identity Theft is on the rise in South Carolina and across the country, and it remains the top reason for consumer complaints for the 9th year in a row. A consumer advocate indicated that these types of crimes tend to INCREASE during a recession. Also, during 2008 in SC, ID Theft/Fraud cost consumers $14.2 million.
But the news isn't all bad. The 3 main steps to protecting yourself from identity theft are simple and I will summarize them in a 3-part series. Make them a habit to lower your risk for Identity Theft.
Step 3 of 3: Defend yourself as soon as you notice a problem.
If you think you might be a victim, it's important to act fast!
· Put a "fraud alert" on your credit reports. This alert tells creditors to follow certain procedures before opening any new accounts in your name or making certain charges to accounts that are already open. The initial fraud alert lasts for 90 days. Call any of the bureaus below to begin:
o Equifax: 1-800-525-6285
o Experian: 1-888-397-3742
o TransUnion: 1-800-680-7289
· Once you place the alert, you'll be able to get a free credit report from each bureau. Review them carefully, looking for any account, inquiry, debt, or charge that doesn't sound familiar.
Next, close any accounts that have been tampered with or established as part of the identity theft. Keep detailed records (even of conversations) and ask for verification that the accounts have been closed. Download the Federal Trade Commission's ID Theft Affidavit (PDF) to support your statements.
For full information on how to respond to identity theft, visit the FTC's "Deter, Detect, Defend" website.
