Monitor Your Credit in a Few Easy Steps
While there are no ways to absolutely guarantee you’ll never be a victim of identity theft, there are ways to minimize your risk. Credit reports contain information about you, including what accounts you have and your bill paying history.
- There are three major nationwide consumer reporting companies – Equifax, Experian, and TransUnion – the law requires them to give you a free copy of your credit report each year if you ask for it.
- www.AnnualCreditReport.com is a service created by these three companies: It is the only authorized site where you can order the free credit report you’re entitled to each year.
- When asking for your credit report, you may need to provide certain personal information, including your Social Security number and information about your monthly bills.
Placing a fraud alert on your credit reports tells creditors to follow certain procedures before they open new accounts in your name or make certain changes to your existing accounts.
- The three consumer reporting companies have toll-free numbers for placing an initial 90-day fraud alert; a call to one company is sufficient.
- It entitles you to free copies of your credit reports. Look for inquiries from companies you haven’t contacted, accounts you didn’t open, and debts on your accounts that you can’t explain.
To close your accounts, call the security or fraud departments of each company where an account was opened or changed without your okay. Follow up in writing, with copies of supporting documents.
- Use the ID Theft Affidavit at ftc.gov/idtheft to support your written statement.
- Ask for written verification that the disputed account has been closed and the fraudulent debts discharged.
The FTC is the federal consumer protection agency that helps law enforcement officials in their investigations. Always remember to be cautious on where you use your credit cards. Scammers are always watching for the right opportunity and all it takes is a few seconds. Being proactive is the name of the game, complacency can lead to trouble.
