How banks work


Identity Theft: The road back

A couple of weeks ago, a friend of mineDealing with all these organizations requires
mentioned that one of his co-workers recentlyconstant follow up. Make sure you keep a
recovered his stolen identity. I asked howrecord of who you talk to along with the
long the process took. "Only two years" hedate, time and action taken. Many victims
replied. Compared to the six year nightmarereceived assurances from the various bureaus
suffered by one of my business associates,and agencies that the matter would be
"only" maybe appropriate. However like mostresolved only to find the identity theft
victims of identity theft, my friend'sremained and that were still liable. If you
co-worker probably thought in terms ofdo this yourself, be diligent. Constant
"when". As in, "When will I get my lifefollow  up  all  the  way  to  the  end.
back?"
This also requires knowing your rights.
Privacy Rights Clearinghouse, a non profitAccording to the Fair Credit Reporting Act of
consumer organization, reported that identity1992, you must be told not only what's in
theft victims spend on average 175 hoursyour file but if that information is being
trying to recover their identity, often overused against you. The Federal Trade
a period of years. Factor in out of pocketCommission recently expanded the rights
expenses which usually total, usually overavailable to victims of identity theft
$1,500 according to the Federal Tradeincluding your right to get negative
Commission and recovery gets painfullyinformation due to fraud blocked from your
magnified.records.
What are the steps to identity restoration?Stay Away from "credit repair "companies". No
It starts with obtaining a police report.matter what they advertise, there's usually
You're going to need it for contacting thenothing they can do to help you with identity
many and I mean many different agencies andtheft. Some of them even offer to help
organizations, including the Social Securityyouapply for credit under a new identity.
Administration, The Federal Trade Commission,Hello? When trying to eliminate fraud from
all of your financial institutions, the 3your record you don't want to create more
major credit bureaus, the Passport Office,fraud!
The Department of Motor Vehicles, the Post
Office, and other law enforcement agencies asAdvise the utility companies. Many identity
well as the Medical Information Bureau, sincethieves open telephone accounts, purchase
identity thieves now target hospitals andcable television or establish credit with the
doctor's offices. All of these places must begas & electric companies. It's not just
sent  a  fraud  notification  alert.bank  accounts  and  credit  cards.
It is vital that you contact other lawIf necessary get counseling. Identity theft
enforcement agencies. The databases of localcan be a shattering experience not just
and federal authorities must be searched toeconomically but emotionally. Many victims
ensure no criminal activity exists on yourfeel ashamed and humiliated. It's not their
identity.fault of course but the feelings remain. A
network of support groups and counselors
Concerning your financial institutions, getexists  if  you  need  it.
them to cancel your credit cards and close
your bank accounts. Find out from your bankThe road back from identity theft can take
about any suspicious activity, such astime, money, and cause much stress and pain .
accounts tampered with or openedBut with follow up, support and belief that
fraudulently. Reopen new bank accounts withthe nightmare will end...the nightmare WILL
password  verification.end.
When contacting the credit bureaus make sureDon't go it alone. Get free information
your credit report reflects the identityconcerning identity theft protection, 24/7
theft and gets flagged with a fraud alert.monitoring and fast restoration.



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